Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2221 Oak St Paso Robles, CA 93446

    Sponsored
    For Sale
    $1,295,000

    Triplex - Paso Robles, CA

    Type:Triplex
    Property size:
    2,632 SF
    Lot size:
    11,200.00 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 2 at 12:06 pm

    Property Features for 2221 Oak St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    6
    Bathrooms
    5
    APN
    018162008
    Parking
    9
    Parking features
    Carport, Garage
    Interior features
    Ceiling Fan(s)
    Exterior features
    Fence, Community Features Included: Sidewalks, Level
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Gas
    Size
    2,632 SF
    Lot size
    11,200.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1967
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet, Tile
    Building materials
    Stucco
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Kandie Frederick
    Kandie Frederick

    Country Real Estate, Inc (805) 239-9566

    Listing agent Kandie Frederick (805) 239-9566 License #01358589

    Listing date Feb 13, 2026

    MLS# NS26033509 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Paso Robles Triplex Investment Opportunity

    This triplex is located on the west side of Paso Robles, situated on an 11,200± sq. ft. lot. The property features two 2-bedroom, 2.5-bath units and one 2-bedroom, 1-bath unit. All three units are currently leased. Recent capital improvements include a new roof and rain gutters in 2025, matching white vinyl windows throughout, newer downstairs tile flooring in two units, and a remodeled kitchen in one unit featuring white cabinetry and appliances. Functional amenities include fenced front yards for two units with low-maintenance synthetic turf, a shared fenced rear yard, carports, individual storage areas, and three detached garages in the rear structure. A private laundry room serves the units, with separate gas and electric meters for each unit and a single water meter. The property is located near downtown Paso Robles, Highway 101 access, schools, shopping, and services. The generous lot size and T-3N zoning create potential for future development or value-add strategies. The property size is 2,632 square feet and the lot size is 0.2571166207529844 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.693803
    Latitude
    35.637431

    Nearby Similar for Sale

    • $1,979,000
      4,123 SF

      Turnkey Restaurant & Bar Opportunity

      High-performing restaurant and bar with real estate and liquor license.
      2927 Spring St, Paso Robles, CA 93446
      View Details
    • $575,000
      1,078 SF

      Move-in Ready Office Suite

      Professional office suite in a desirable Paso Robles business district.
      1104 Vine St, Paso Robles, CA 93446
      View Details
    • $199,000
      Pending

      Lakeside RV Lot with Sprinter

      Turnkey lake retreat in Heritage Ranch community.
      2121 Yellow Gold Cir, Paso Robles, CA 93446
      View Details
    • $1,349,000
      10,450 SF

      Paso Robles Commercial Facility

      Mixed-use commercial facility with ramp access at Paso Robles Airport.
      3150 Propeller B & C Dr, Paso Robles, CA 93446
      View Details
    • $2,399,000
      5,000 SF

      Remodeled Apartment Building in Paso Robles

      Recently remodeled 10-unit apartment building in Paso Robles, CA.
      3505 Spring St, Paso Robles, CA 93446
      View Details
    • $300,000
      2,500 SF

      Turnkey Restaurant & Sports Bar

      Thriving restaurant and bar in the heart of Paso Robles.
      12th 729, Paso Robles, CA 93446
      View Details
    • $7,995,000
      28,531,800.00 Acres

      Paso Robles Vineyard Opportunity

      655 acre Paso Robles vineyard with planting potential.
      Adelaida Rd, Paso Robles, CA 93446
      View Details
    • $1,099,000
      1,290 SF

      Commercial/Residential Opportunity in Paso Robles

      Two neighboring parcels in downtown Paso Robles with commercial/residential potential.
      1545 Park St, Paso Robles, CA 93446
      View Details
    • $4,999,999
      1,500 SF

      Paso Robles Vineyard Estate

      47-acre vineyard estate with tasting room in Paso Robles.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details
    • $2,000,000
      3,993,145.00 Acres

      Established Vineyard in Paso Robles

      91.6 acre vineyard property in the Willow Creek AVA.
      Peachy Canyon Rd, Paso Robles, CA 93446
      View Details
    • $695,000
      1,345 SF

      Downtown Paso Robles Office Building

      Charming office building in downtown Paso Robles with parking.
      1115 Vine St, Paso Robles, CA 93446
      View Details
    • $4,999,999
      2,047,320.00 Acres

      Paso Robles Vineyard Estate

      47-acre vineyard estate in Paso Robles' Willow Creek District.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details

    FAQs

    What type of property is this?
    Triplex - Desirable triplex near downtown Paso Robles with income and upside.
    Where is this triplex located?
    The property is located at 2221 Oak St Paso Robles, CA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime Westside Paso Robles location, blocks from downtown amenities.; - Immediate cash flow from three currently leased units.; - Recent capital improvements including a new roof (2025).
    (805) 239-9566
    Request Owner's contact information
    2221 Oak St Paso Robles, CA 93446
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2221 Oak St
    Paso Robles, CA 93446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2221 Oak St Paso Robles, CA 93446
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kandie Frederick
    Kandie Frederick
    Real Estate License ID: 01358589
    (805) 239-9566 (805) 878-2225
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!