Two-Unit
For Sale
$899,000
245 17th, Paso Robles, CA 93446
Includes one-bedroom and two-bedroom residences with varied bath configurations near downtown Paso Robles amenities.
Days on Market11
Property Features for 245 17th
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,500 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Farrell Smyth Real Estate
Listed By:
Jennifer Hamilton · License #01800791
Source:
Homeandranchsir
Added: Jul 24
Changed: Jul 31
Last Checked: Aug 2 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Farrell Smyth Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two residential units: one residence with 1 bedroom and 1 bath, and another with 2 bedrooms and 2 baths. Built in 1920, the property offers a varied unit mix within a single multifamily asset on a generous lot in Paso Robles.
The property is located near downtown, shopping, dining, schools, parks, and local wineries. Its Central Coast setting provides access to a range of everyday services and community amenities, while the two-unit configuration supports both multifamily ownership and residential occupancy uses.
The property is located near downtown, shopping, dining, schools, parks, and local wineries. Its Central Coast setting provides access to a range of everyday services and community amenities, while the two-unit configuration supports both multifamily ownership and residential occupancy uses.
Key Highlights
- Two units: 1‑bedroom, 1‑bath and 2‑bedroom, 2‑bath residences
- Built in 1920
- Located near downtown Paso Robles
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $30.60 |
| − Vacancy | −$1.1k | −$0.73 |
| EGI | $44.8k | $29.87 |
| − OpEx | −$13.4k | −$8.96 |
| NOI | $31.4k | $20.91 |
1,500 SF · lease $30.60/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 3.22%
Theoretical Best
Healthcare Medical
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Includes one-bedroom and two-bedroom residences with varied bath configurations near downtown Paso Robles amenities.
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 $899,000.
What are key features of this property?
This property features: Two units: 1‑bedroom, 1‑bath and 2‑bedroom, 2‑bath residences; Built in 1920; Located near downtown Paso Robles
