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83 Castro St
Salinas, CA 93906 Greater Salinas

$4,199,000 USD

Apartments For Sale • 19,080 SF

Property Details

Property Type Apartments
Total Building Size 19,858 SF
Lot Size 0.56 AC
Building Class C
Year Built 1983
Cap Rate 6.31 %
Zoning Residential High Density

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Well priced 16-unit complex 
                            
                                Extensive exterior remodeling in last 4 years including siding replacement, deck & stair repairs, and window replacement
                            
                                Interiors have been updated

Property Flyers

83Castro OM 5.19.2026

Financial Summary (Actual)

Net Operating Income: $264,621 USD (2025)

Cap Rate:	6.31 %
Total Expenses:	$149,267 USD

Amenities

24 Hour Access
Balcony
Dishwasher
Fenced Lot
Laundry Facilities
Tenant Controlled HVAC
Heating
Kitchen
Oven
Range
Deck
Window Coverings
Public Transportation
Smoke Detector
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Salinas (Coast Starlight - Amtrak)	7 min	-	3.6 mi
Airport	Drive	Walk	Distance
Monterey Regional	27 min	-	19.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Hap Albers 831-372-1922 Albers Real Estate

83 Castro St Salinas, CA 93906 Greater Salinas