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    Morro Bay, CA Multifamily Properties for Sale

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    Los Osos, CA Cayucos, CA Atascadero, CA San Luis Obispo, CA Templeton, CA Santa Margarita, CA Avila Beach, CA Paso Robles, CA
    9 properties
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    Ocean-View Duplex with Decks
    Updated: Aug 6
    Ocean-View Duplex with Decks

    2630 Maple Avenue, Morro Bay, CA 93442

    $1,230,000
    2,024 sqft 0.09 AC lot
    Two residences totaling 2,024 square feet
    Upper residence with 2 bedrooms, 2 bathrooms, kitchenette, sunroom, and private deck
    Lower residence with 1 bedroom, 1 bathroom, full kitchen, vaulted living room, and indoor laundry
    Views of Morro Rock and the Pacific Ocean
    Multiple decks, private courtyard, backyard patio, and fire pit
    View details
    Four-Unit Short-Term Rental Property
    Updated: Oct 19
    Four-Unit Short-Term Rental Property

    213 Dunes Street, Morro Bay, CA 93442

    $2,290,000
    0.12 AC lot
    Four units with approximately 2,960 square feet of finished living space
    Three units currently operate as short‑term rentals; owners occupy the fourth
    Three garages provide parking for up to five vehicles
    Renovations completed in 2019 and 2023; built in 1989
    0.12‑acre lot with bay and ocean views, near the waterfront and downtown Morro Bay
    View details
    Triplex with Commercial Unit
    Triplex with Commercial Unit

    1160 West, Morro Bay, CA 93442

    $1,629,000
    0.10 AC lot

    Three-unit property combines residential apartments with a commercial space, off-street parking, and a detached garage.

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    Coastal-View Duplex
    Coastal-View Duplex

    2630 Maple Ave, Morro Bay, CA 93442

    $1,230,000
    2,024 sqft

    Two separate residences include remodeled baths, a kitchenette, full kitchen, decks, and outdoor entertaining areas.

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    Mixed-Use Property with Ocean Views
    Mixed-Use Property with Ocean Views

    1187 Main, Morro Bay, CA 93442

    $1,649,000
    2,975 sqft

    Three-unit configuration includes residential space, a leased office, and two garages.

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    Four-Unit Coastal Quadplex with Bay Views
    Four-Unit Coastal Quadplex with Bay Views

    213 Dunes St, Morro Bay, CA 93442

    $2,290,000
    2,960 sqft

    Three units operate as short-term rentals, while the fourth is occupied by the owner.

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    Duplex with Attached Two-Car Garage
    Duplex with Attached Two-Car Garage

    Morro Bay, CA 93442

    $885,000

    Two separate residences offer distinct layouts, private outdoor areas, and an attached garage.

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    Triplex with Detached Garage
    Triplex with Detached Garage

    1160 West St, Morro Bay, CA 93442

    $1,629,000

    Three-unit property combining two residential apartments with a downstairs commercial space and on-site parking.

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    Mobile Home in 55+ Park
    Mobile Home in 55+ Park

    6-233 Surf St, Morro Bay, CA 93442

    $65,000
    200 sqft

    Morro Bay views with nearby Embarcadero shops, restaurants, and beach access.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 9 Active listings in Morro Bay, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Triplex with Private Yards
    Updated Triplex with Private Yards

    1974 Nevada Court, Los Osos, CA 93402

    $1,950,000
    3,662 sqft

    Three residences offer private outdoor space, washer/dryer hookups, garage parking, and recent interior and exterior improvements.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    701 Los Osos Valley, Los Osos, CA 93402

    $1,429,000
    2,985 sqft 0.20 AC lot

    A detached home and duplex provide three residences, including two units with private patios.

    View details
    Well-Maintained Triplex with Ocean Deck
    Well-Maintained Triplex with Ocean Deck

    31 8th Street, Cayucos, CA 93430

    $2,000,000
    0.18 AC lot

    Spacious two-story triplex with bright living areas, in-unit laundry space, and private ocean-view deck from a front bedroom.

    View details
    Duplex with Vacation Rental License
    Duplex with Vacation Rental License

    2023 Circle, Cayucos, CA 93430

    $2,395,000

    Two separate units with abundant parking and an active vacation rental license, offering flexible residential and rental use.

    View details

    Off-Market Properties in Morro Bay, CA

    Consider similar Off-Market properties in Morro Bay, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2130 Main St
    APARTMENT HOUSE (5+ UNITS)

    2130 Main St, Morro Bay, CA 93442-1666

    Estimated value: by Request
    1,804 sqft 0.28 AC lot
    View details
    Main St
    APARTMENT HOUSE (5+ UNITS)

    Main St, Morro Bay, CA 93442

    Estimated value:
    $2,800,000
    0.33 AC lot
    View details
    694 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)

    694 Monterey Ave, Morro Bay, CA 93442-2232

    Estimated value:
    $1,450,000
    2,392 sqft 0.33 AC lot
    View details
    1060 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)

    1060 Monterey Ave, Morro Bay, CA 93442-2067

    Estimated value:
    $365,000
    792 sqft 0.20 AC lot
    View details
    190 El Morro Trlr Ct
    CAMPGROUND, RV PARK

    190 El Morro Trlr Ct, Morro Bay, CA 93442

    Estimated value:
    $255,000
    1.08 AC lot
    View details
    1565 Quintana Rd
    MOBILE HOME PARK, TRAILER PARK

    1565 Quintana Rd, Morro Bay, CA 93442-2435

    Estimated value:
    $5,590,000
    5.84 AC lot
    View details
    425 Bonita St, Unit E
    MOBILE HOME PARK, TRAILER PARK

    425 Bonita St, Morro Bay, CA 93442-1518

    Unit E
    Estimated value:
    $340,000
    1.14 AC lot
    View details
    2077 Sunset Ave
    APARTMENT HOUSE (5+ UNITS)

    2077 Sunset Ave, Morro Bay, CA 93442-1651

    Estimated value:
    $1,790,000
    640 sqft 0.23 AC lot
    View details
    1500 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1500 Little Morro Crk Rd, Morro Bay, CA 93442-1876

    Estimated value:
    $1,270,000
    552 sqft 40.00 AC lot
    View details
    700 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)

    700 Bernardo Ave, Morro Bay, CA 93442-2340

    Estimated value:
    $595,000
    0.26 AC lot
    View details
    736 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)

    736 Bernardo Ave, Morro Bay, CA 93442-2371

    Estimated value:
    $590,000
    0.13 AC lot
    View details
    440 Atascadero Rd
    APARTMENT HOUSE (5+ UNITS)

    440 Atascadero Rd, Morro Bay, CA 93442-1698

    Estimated value:
    $1,265,000
    4,178 sqft 0.37 AC lot
    View details
    752 Butte Ave
    APARTMENT HOUSE (5+ UNITS)

    752 Butte Ave, Morro Bay, CA 93442-2310

    Estimated value:
    $300,000
    3,960 sqft 0.22 AC lot
    View details
    1078 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK

    1078 Monterey Ave, Morro Bay, CA 93442-2014

    Estimated value:
    $345,000
    0.30 AC lot
    View details
    495 Napa Ave
    APARTMENT HOUSE (5+ UNITS)

    495 Napa Ave, Morro Bay, CA 93442-2563

    Estimated value:
    $1,090,000
    7,656 sqft 0.40 AC lot
    View details

    Morro Bay, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Morro Bay, CA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 10,183 square feet of properties for sale, with an estimated market value of $12,897,000.

    Sale prices for multifamily properties in Morro Bay, CA start at $65,000, averaging $1,433,000, and reaching up to $2,290,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 5
    Short term rental properties 3
    Mobile home & RV parks 2
    Quadplexes 2
    Triplexes 2

    Demographics Overview

    Population 11K
    Population Growth (5Y) +3.3%
    Median Household Income $92,163
    College Educated 32.2%

    High-Yield Neighborhoods for Investment

    Identify Morro Bay submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93442 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.11%
    Property Tax per SF $12.55 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in San Luis Obispo County

    Residential Income

    How Realmo verifies these figures

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    Featured Morro Bay Real Estate Agencies

    Realmo connects you with licensed Morro Bay CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Franklin Real Estate & Rentals
    798 Morro Bay Boulevard Morro Bay, CA 93442
    Phone: (805) 772-4277
    www.thefranklinteam.com/
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