Corner-Lot
For Sale
$799,000
245 17th, Paso Robles, CA 93446
Paso Robles, CA
Property Size1,500 SF
Lot Size0.20 Acres
Price / SF$532.67
Days on Market95
Property Features for 245 17th
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Kitchen, Laundry Room, Bathroom 3, Bathroom 2
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Appliances
Refrigerator, Gas Range, Gas Oven
Subdivision
PR City Limits West(120)
Lot features
Corner Lot
Elementary school district
Paso Robles Joint Unified
Middle school district
Paso Robles Joint Unified
High school district
Paso Robles Joint Unified
Directions
Spring Street to 17th, Property is on the corner of 17th and Chestnut
Standard status
Active
APN
008274011
Size
1,500 SF
Lot size
0.20 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Listing Agency:
Farrell Smyth Real Estate
Listed By:
Jennifer Hamilton · License #01800791
(805) 543-2172
Added: Jul 24
Changed: Oct 20
Last Checked: Oct 26 at 8:06AM
MLS# SC26161731
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex contains two separate residences: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 2 bathrooms. The property was built in 1920 and includes a porch, central air, and a driveway with off-street parking. Public water and sewer serve the site, which is zoned R1.
The 0.1971-acre property occupies a corner lot in Paso Robles. Downtown, shopping, dining, schools, parks, and wineries are identified among nearby destinations. Both residences have kitchen space, and the building also includes a laundry room.
The 0.1971-acre property occupies a corner lot in Paso Robles. Downtown, shopping, dining, schools, parks, and wineries are identified among nearby destinations. Both residences have kitchen space, and the building also includes a laundry room.
Key Highlights
- Two‑unit property with 1‑bedroom/1‑bathroom and 2‑bedroom/2‑bathroom residences
- 1,500 square feet on a 0.1971‑acre corner parcel
- R1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,365
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,300
$627.3K
Cap Rate 7%
$448,071
$448.1K
Cap Rate 9%
$348,500
$348.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.9K $30.60/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$44.8K $29.87/SF
− OpEx
−$13.4K −$8.96/SF
NOI
$31.4K $20.91/SF
Area
San Luis Obispo County, CA
Vacancy
2.38%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,300
Cap Rate 7%
$448,071
Cap Rate 9%
$348,500
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 3.62%
Theoretical Best
Healthcare Medical
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
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Business Placement
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate one-bedroom and two-bedroom layouts on a residentially zoned parcel.
Where is this duplex located?
The property is located at 245 17th Paso Robles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit property with 1‑bedroom/1‑bathroom and 2‑bedroom/2‑bathroom residences; 1,500 square feet on a 0.1971‑acre corner parcel; R1 zoning
