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    Ranch-Style Residential Income Property Title is generated by Realmo AI

    309-311 15th Street, Paso Robles, CA 93446

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    Claim this Listing
    For Sale
    $799,900

    MULTI_FAMILY - Ranch - Paso Robles, CA

    Type:Single Family Residence
    Property size:
    2,100 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $380/SF
    Added:
    Nov 26, 2025
    Days on Market:
    223
    Last Refresh:
    Jul 7 at 3:06 am

    Property Features for 309-311 15th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 1
    Parking
    4
    Parking features
    Carport
    Window features
    Screens
    Patio and Porch features
    Patio
    Interior features
    Storage
    Fireplace
    1
    Standard status
    Active
    APN
    008317009
    Size
    2,100 SF
    Lot size
    0.16 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Laminate, Carpet
    Building materials
    Stucco, Drywall Walls
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Contact an agent
    Vicki Silva

    Listing agent Vicki Silva License #00463813

    Listing office RE/MAX Parkside Real Estate 711 12th Street, Paso Robles, CA

    Listing date Nov 26, 2025

    MLS# NS25274698

    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.

    HighLights

    • 1975 ranch‑style home with stucco and drywall walls
    • Central air conditioning with forced‑air natural gas heating
    • Includes a fireplace and multiple living/storage‑related interior features
    • Carpet, laminate, and tile flooring throughout
    • Patio on‑site and carport parking
    • Public water and public sewer; cable available

    Overview

    This for-sale residential income property is presented as a ranch-style asset totaling 2,100 square feet, situated on a 0.1621-acre lot. The listing is identified as a multi-family offering at 309–311 15th Street, providing an ownership structure designed for residential rental use.

    The property is located in Paso Robles, in San Luis Obispo County, California (93446). Its street address range indicates a defined presence on 15th Street, offering a straightforward, address-specific basis for due diligence by interested buyers and brokers.

    For investors and owner-operators seeking a ranch-style residential income property, this asset’s combination of total size and lot footprint provides a clear starting point for underwriting and rent-readiness evaluation. Buyers can review the physical layout, condition, and current configuration during their inspection process to determine suitability for their target tenant profile and operational approach. The listing supports straightforward acquisition for those looking to add a residential income property in Paso Robles to their portfolio.

    Local Financial Insights For Apartment 5plus

    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 $75.6k $36.00
    − Vacancy −$1.9k −$0.90
    EGI $73.7k $35.10
    − OpEx −$33.2k −$15.80
    NOI $40.5k $19.31
    2,100 SF · lease $36.00/SF/yr · vacancy 2.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $579.2K
    $506.8K – $675.7K (±1% cap)
    NOI $40,541 @ 7.0% cap · market cap 5.07%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $825.9K
    $722.7K – $963.6K (±1% cap)
    NOI $57,813 @ 7.0% cap · market cap 7.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    (Bike/Boat/Book/etc) Store Arcade & Gaming Center Locksmith Nursing Home Restaurant Nursing Home Fish Market (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon

    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
    -120.6963484
    Latitude
    35.6298316

    FAQs

    What type of property is this?
    Single family property - Ranch-style residential income property offered for sale in Paso Robles, suitable for a range of investor ownership strategies.
    Where is this single family property located?
    The property is located at 309-311 15th Street Paso Robles, CA.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: 1975 ranch‑style home with stucco and drywall walls; Central air conditioning with forced‑air natural gas heating; Includes a fireplace and multiple living/storage‑related interior features
    More about this property
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