For sale Residential

Listed Sep 28, 2026

$1,425,000 Est. $9,425/mo

Monroe Street

  • 5

    Beds

  • 3

    Baths

  • 1,942

    Sq ft

The story

Rare opportunity in Old Town Monterey! Two charming Spanish-style homes on one parcel, just blocks from the heart of downtown Monterey. So many possibilities. Perfect for an investor, or live in one and rent out the other. The front residence at 355 Monroe features 3 bedrooms, 1 bathroom, and approximately 850 square feet of living space, while 357 Monroe offers 2 bedrooms, 1.5 bathrooms, and approximately 1,092 square feet, with convenient access from Eddie Burns Lane and an attached garage. A fenced yard separates the two residences, creating privacy and distinct outdoor spaces for each home. Full of character, the property features charming architectural details, hardwood floors, a fireplace, inviting outdoor areas, and a peek of the Monterey Bay from the deck at 357. Enjoy the flexibility of two detached residences while being moments from downtown Montereys restaurants, shops, waterfront, and all that the highly desirable Old Town neighborhood has to offer.

Facts & features

Home type

Residential

Year built

1931

Floors

1

Price per sq ft

$734

Parking

2-car garage

Included features

  • Fireplace

    Yes

  • Heating

    Baseboard, Wall Furnace

  • Appliances

    Refrigerator

  • Flooring

    Carpet, Laminate, Tile, Wood

  • Roof

    Bitumen

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$9,425 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,584
  • Property tax $1,425
  • Insurance $416

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Sotheby's International Realty

Broker Name

Sotheby's International Realty

Agent

Alexandra Armanasco

Location

Carmel CA 93923