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    San Luis Obispo County, CA Multifamily Properties for Sale

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    Los Angeles, CA Lancaster, CA San Diego, CA
    45 results
    Multi-Unit Property in Railroad District
    $1,395,000
    2,816 SF

    Multi-Unit Property in Railroad District

    523 Branch Street, San Luis Obispo, CA 93401

    Three residences in a prime San Luis Obispo location.

    • Prime location in San Luis Obispo's desirable Railroad District, near parks and downtown.
    • Three separate residences on a large 8,980± sq ft lot, offering strong income potential.
    • Flexible living options for investors, owner‑occupants, or those seeking rental income.
    • Front residence (523 Branch St) features 3 bedrooms, 1 bathroom, covered porch, and in‑unit laundry.
    • Two additional units (520 South A & B) each with open‑concept living, private yard, bedroom, bathroom, and loft.
    Updated: May 26
    View details
    San Luis Obispo Triplex Investment
    $1,375,000
    2,380 SF

    San Luis Obispo Triplex Investment

    1420 Johnson Avenue 1428, San Luis Obispo, CA 93401

    Three residential units on one property near downtown.

    • Prime San Luis Obispo location, minutes from downtown.
    • Versatile investment opportunity with three well‑maintained residential units on one property.
    • Flexible ownership options: rental income, multi‑generational living, or single family use.
    • Detached rear residence (built 2005) with 3‑car garage, open‑concept floor plan, private balcony, and separate utilities.
    • Charming 1925 front bungalow with 2 bedrooms, 1 bath, and private yard.
    Updated: May 27
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    Los Osos Multifamily Opportunity
    $1,469,500
    2,985 SF

    Los Osos Multifamily Opportunity

    Multifamily property in Los Osos with rental income potential.

    701 Los Osos Valley, Los Osos, CA 93402
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    Income-Producing Duplex in South Atascadero
    $659,000
    1,092 SF

    Income-Producing Duplex in South Atascadero

    Charming duplex with strong rental income and upside potential.

    10235 El Camino Real, Atascadero, CA 93422
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    Charming Multi-Unit Property in San Luis Obispo
    $1,250,000
    1,727 SF

    Charming Multi-Unit Property in San Luis Obispo

    Three-unit property with strong income potential in a desirable location.

    2101 Johnson Avenue, San Luis Obispo, CA 93401
    View details
    Dual Residence in San Luis Obispo
    $1,645,000
    1,714 SF

    Dual Residence in San Luis Obispo

    Remodeled dual-residence property near Cal Poly and downtown.

    667 Howard Street 671, San Luis Obispo, CA 93401
    View details
    Grover Beach Duplex Investment Opportunity
    $995,000
    1,476 SF

    Grover Beach Duplex Investment Opportunity

    Duplex in Grover Beach with future development potential.

    261 N 13th, Grover Beach, CA 93433
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    Grover Beach Four-Unit Apartment Building
    $1,249,000
    3,604 SF

    Grover Beach Four-Unit Apartment Building

    Four-unit apartment building in Grover Beach, being sold as-is.

    956 S 13th Street, Grover Beach, CA 93433
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    Updated Home Near Grover Beach
    $1,235,000
    1,799 SF

    Updated Home Near Grover Beach

    Updated 3-bedroom home near the beach with flexible living spaces.

    363 N 5th St, Grover Beach, CA 93433
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    Historic Victorian Residence in San Luis Obispo
    $2,900,000
    5,888 SF

    Historic Victorian Residence in San Luis Obispo

    Iconic Victorian residence with income potential in downtown San Luis Obispo.

    687 Islay, San Luis Obispo, CA 93401
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    Renovated Triplex in Atascadero Heart
    $1,080,000
    2,142 SF

    Renovated Triplex in Atascadero Heart

    Historic triplex with modern upgrades and strong income potential.

    8740 El Camino Real, Atascadero, CA 93422
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    Charming Duplex in Paso Robles
    $849,000
    2,100 SF

    Charming Duplex in Paso Robles

    Westside investment property near downtown Paso Robles.

    309 15th Street & 311, Paso Robles, CA 93446
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    Oceano Multifamily Investment Opportunity
    $1,800,000
    5,500 SF

    Oceano Multifamily Investment Opportunity

    10-unit multifamily property near the beach in Oceano, California.

    1960 Beach Street, Oceano, CA 93445
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    Two Homes on One Lot
    $935,000
    2,678 SF

    Two Homes on One Lot

    Two homes on one lot in San Miguel, California.

    1524 K Street, San Miguel, CA 93451
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    San Luis Obispo Triplex Investment
    $1,395,000
    1,930 SF

    San Luis Obispo Triplex Investment

    Income-producing triplex near downtown San Luis Obispo with strong rental income.

    1719 Chorro 1721, San Luis Obispo, CA 93401
    View details
    Los Osos Multifamily Investment
    $1,495,000
    13,981.00 Acres

    Los Osos Multifamily Investment

    Five single-level units in Los Osos, consistently rented.

    1957 10th, Los Osos, CA 93402
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    Grover Beach Duplex with Garages
    $900,000
    2,080 SF

    Grover Beach Duplex with Garages

    Well-maintained duplex in Grover Beach near shopping and beaches.

    359 N 3rd St, Grover Beach, CA 93433
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    Turn-Key Triplex in Paso Robles
    $889,000

    Turn-Key Triplex in Paso Robles

    Triplex with tenants in up-and-coming Paso Robles area.

    3532 Spring St, El Paso de Robles (, Paso Robles, CA 93446
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    Cambria Mixed-Use Investment Opportunity
    $1,450,000
    4,152 SF

    Cambria Mixed-Use Investment Opportunity

    Rare commercial property with restaurant, office/retail unit, and duplex.

    19401980 Main Street, Cambria, CA 93428
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    Upgraded Duplex Investment Opportunity
    $710,000

    Upgraded Duplex Investment Opportunity

    Nipomo duplex with income potential and recent upgrades.

    770 Beverly, Nipomo, CA 93444
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    Paso Robles Triplex Investment Opportunity
    $1,295,000
    2,632 SF

    Paso Robles Triplex Investment Opportunity

    Desirable triplex near downtown Paso Robles with income and upside.

    2221 Oak Street, Paso Robles, CA 93446
    View details
    Historic Victorian Residence in San Luis Obispo
    $3,900,000
    0.50 Acres

    Historic Victorian Residence in San Luis Obispo

    Iconic Victorian residence with income potential in downtown San Luis Obispo.

    687 Islay, San Luis Obispo, CA 93401
    View details
    Turnkey Triplex in San Luis Obispo
    $1,299,000

    Turnkey Triplex in San Luis Obispo

    Rare triplex near downtown and Cal Poly with upside potential.

    2101 Johnson Ave, San Luis Obispo, CA 93401
    View details
    Paso Robles Duplex Near Downtown
    $899,000
    2,150 SF

    Paso Robles Duplex Near Downtown

    Duplex in Paso Robles, suitable for various residential purposes.

    309 15th Street, Paso Robles, CA 93446
    View details

    San Luis Obispo County, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in San Luis Obispo County, CA, showcased through 45 active listings on our real estate platform. These investment opportunities span a total of 141,527 square feet of properties for sale, with an estimated market value of $45,677,500.

    Sale prices for multifamily properties in San Luis Obispo County, CA start at $619,000, averaging $1,827,100, and reaching up to $7,595,000 — 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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