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    San Luis Obispo, CA
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    San Luis Obispo, CA Multifamily Properties for Sale

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    Santa Margarita, CA Avila Beach, CA Pismo Beach, CA
    14 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
    Charming Multi-Unit Property in San Luis Obispo
    $1,250,000
    1,727 SF
    Charming Multi-Unit Property in San Luis Obispo

    2101 Johnson Avenue, San Luis Obispo, CA 93401

    Three-unit property with strong income potential in a desirable location.
    • Strong income potential from a 3‑unit property in a desirable San Luis Obispo location.
    • Versatile living options: live in one unit and rent the others, or rent all three.
    • Charming 2‑bedroom, 1‑bath main house with vintage character and a private fenced patio.
    • Features a contemporary two‑story duplex with two stylish loft‑style studio units, each with a full bathroom and attached single‑car garage.
    • Unbeatable location near Terrace Hill Open Space, Sinsheimer Park, and Downtown San Luis Obispo.
    Updated: May 11
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    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

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    San Luis Obispo Triplex Investment
    $1,375,000
    2,380 SF
    San Luis Obispo Triplex Investment

    Three residential units on one property near downtown.

    1420 Johnson Avenue 1428, San Luis Obispo, CA 93401

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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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    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

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    Three-Unit Residential Income Property
    $1,395,000
    0.21 Acres
    Three-Unit Residential Income Property

    Three separate residences on a street-to-street lot, offering flexible living and rental layout with off-street parking.

    523 Branch St, San Luis Obispo, CA 93401

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    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

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    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

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    Charming Triplex in Desirable Location
    $1,250,000
    Charming Triplex in Desirable Location

    Unique 3-unit property near downtown San Luis Obispo.

    2101 Johnson Avenue, San Luis Obispo, CA 93401

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    Historic Allen House Multifamily Property
    $3,895,000
    4,688 SF
    Historic Allen House Multifamily Property

    Renovated 17-bedroom property in San Luis Obispo's Historic Downtown.

    1700 Osos Street, San Luis Obispo, CA 93401

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    Turnkey Triplex in San Luis Obispo
    $1,299,000
    900 SF
    Turnkey Triplex in San Luis Obispo

    Rare triplex near downtown and Cal Poly with upside potential.

    2101-2103 Johnson Ave, San Luis Obispo, CA 93401

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    Old Town SLO Duplex
    $890,000
    Old Town SLO Duplex

    Duplex with detached studio in old-town San Luis Obispo.

    785 Pepper, San Luis Obispo, CA 93401

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    Multifamily
    $1,510,000
    Multifamily

    Triplexes

    791 Pepper, San Luis Obispo, CA 93401

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 14 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    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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    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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    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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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Santa Margarita Land for Sale
    Contact for pricing
    108,900.00 Acres
    Santa Margarita Land for Sale

    2.5 acre lot suitable for residential or agricultural use.

    0 Atolia Road, Santa Margarita, CA 93453

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    Sierra Mountain Land with Creek
    $199,900
    391,169 SF
    Sierra Mountain Land with Creek

    8.98-acre mountain parcel with creek, near upcoming development.

    41505 Hot Springs Drive, Porterville, CA 93257

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    Scenic Land with Sweeping Views
    Contact for pricing
    4.37 Acres
    Scenic Land with Sweeping Views

    4.37-acre parcel with lake, mountain, and valley views.

    394 Rim Rd, Bodfish, CA 93205

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    Lake Isabella Build-Ready Lot
    $30,000
    0.20 Acres
    Lake Isabella Build-Ready Lot

    Single-family lot with utilities in established Lake Isabella neighborhood.

    2517 Webb Ave, Lake Isabella, CA 93240

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    Off-Market Properties in San Luis Obispo, CA

    Consider similar Off-Market properties in San Luis Obispo, 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.

    1771 Johnson Ave
    APARTMENT HOUSE (5+ UNITS)
    1,903 SF Lot: 0.32 Acres
    Value Estimation by Request

    1771 Johnson Ave, San Luis Obispo, CA 93401

    View details
    279 Br St
    APARTMENT HOUSE (5+ UNITS)
    6,142 SF Lot: 0.46 Acres
    Estimated value
    $2,185,000

    279 Br St, San Luis Obispo, CA 93401-5026

    View details
    60 Casa St
    APARTMENT HOUSE (5+ UNITS)
    10,484 SF Lot: 1.35 Acres
    Value Estimation by Request

    60 Casa St, San Luis Obispo, CA 93405-1867

    View details
    1622 Palm St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.34 Acres
    Estimated value
    $2,600,000

    1622 Palm St, San Luis Obispo, CA 93401

    View details
    1236 Monte Vis Pl
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.66 Acres
    Value Estimation by Request

    1236 Monte Vis Pl, San Luis Obispo, CA 93405-1431

    View details
    1160 Islay St
    APARTMENT HOUSE (5+ UNITS)
    2,311 SF Lot: 0.17 Acres
    Estimated value
    $600,000

    1160 Islay St, San Luis Obispo, CA 93401-3754

    View details
    1341 Osos St
    APARTMENT HOUSE (5+ UNITS)
    11,820 SF Lot: 0.21 Acres
    Estimated value
    $675,000

    1341 Osos St, San Luis Obispo, CA 93401-4055

    View details
    1109 Laurel Ln
    APARTMENT HOUSE (5+ UNITS)
    5,400 SF Lot: 0.25 Acres
    Estimated value
    $865,000

    1109 Laurel Ln, San Luis Obispo, CA 93401-8604

    View details
    455 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.39 Acres
    Value Estimation by Request

    455 Brizzolara St, San Luis Obispo, CA 93401

    View details
    6180 Ontario Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.00 Acres
    Estimated value
    $1,215,000

    6180 Ontario Rd, San Luis Obispo, CA 93405-8012

    View details

    San Luis Obispo, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in San Luis Obispo, CA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 23,869 square feet of properties for sale, with an estimated market value of $16,629,000.

    Sale prices for multifamily properties in San Luis Obispo, CA start at $1,250,000, averaging $1,847,666, and reaching up to $3,895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Triplexes 9
    Apartment buildings 3
    Duplexes 3
    Mobile home & RV parks 3

    Property Size Breakdown

    The majority of commercial real estate listings in San Luis Obispo fall within the 10,000 to 25,000 square foot range.

    Demographics Overview

    Population 79K
    Population Growth (5Y) -12.3%
    Median Household Income $82,388
    College Educated 27.6%

    High-Yield Neighborhoods for Investment

    Identify San Luis Obispo submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    93401 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per sq ft
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Retail

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