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    San Luis Obispo, CA Multifamily Properties for Sale

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    Fourplex with Shared Laundry Facility
    Updated: Jun 8
    Fourplex with Shared Laundry Facility

    1470 Madonna Road, San Luis Obispo, CA 93405

    $1,679,000
    5,023 sqft 0.23 AC lot
    Two duplexes (4‑plex) totaling approx. 5,023 sq ft living space on a 9,823 sq ft lot
    Unit mix: one 3 bed/2 bath unit with private 1‑car garage plus three 2 bed/2 bath units
    Two‑story layouts with main‑level living areas and upstairs bedrooms across all units
    Shared community laundry facility plus eight unassigned parking spaces
    Utilities: public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    1470 Madonna Road, San Luis Obispo, CA 93405

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $105K
      Annual

    • Price @ 7% Cap

      $1.5M
      Suggested

    • Property Type

      Apartment House
      Built 1917
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    Residential Income Multifamily Property
    Updated: Jun 8
    Residential Income Multifamily Property

    1480 Madonna Road, San Luis Obispo, CA 93405

    $1,679,000
    5,023 sqft 0.19 AC lot
    Year built: 1972
    Served by public water and public sewer
    9 bedrooms, including Bedrooms 1 through 9
    8 bathrooms, including Bathrooms 1 through 8
    Includes a kitchen and a dedicated laundry room
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    Updated Duplex with Two 2BR Units
    Updated Duplex with Two 2BR Units

    646 Perkins Lane, San Luis Obispo, CA 93401

    $1,049,000
    2,312 sqft 0.12 AC lot

    An updated duplex offering two separately metered units with fenced backyards and in-unit washer/dryer combos.

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    Fourplex with Eight Parking Spaces
    Fourplex with Eight Parking Spaces

    1470 Madonna Rd, San Luis Obispo, CA 93405

    $1,679,000
    5,023 sqft

    Well-maintained fourplex consists of two duplexes with eight unassigned parking spaces and a shared community laundry facility.

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    Fourplex with Shared Laundry
    Fourplex with Shared Laundry

    1470 Madonna Road, San Luis Obispo, CA 93405

    $1,679,000
    0.23 AC lot

    A two-story fourplex configured as two legal duplexes, offering one 3-bedroom unit and three 2-bedroom units.

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    Quadplex on Madonna Road
    Quadplex on Madonna Road

    1480 Madonna Road, San Luis Obispo, CA 93405

    $1,679,000
    0.19 AC lot

    For sale quadplex property on Madonna Road in San Luis Obispo, California.

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    Detached Duplex with Off-Street Parking
    Detached Duplex with Off-Street Parking

    3204 Rockview Pl, San Luis Obispo, CA 93401

    $1,485,000
    2,388 sqft 0.20 AC lot

    Two separate detached homes on an R2-zoned lot with four off-street parking spaces, both currently tenant-occupied.

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    Manufactured Home in Mobile Park
    Manufactured Home in Mobile Park

    50b-1121 Orcutt Rd, San Luis Obispo, CA 93401

    $399,000
    1,020 sqft

    Move-in ready manufactured home with 2 bedrooms, 2 bathrooms, and a covered carport in an all-age, pet-friendly community.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    523 Branch St, San Luis Obispo, CA 93401

    $1,395,000
    0.21 AC lot

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

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    Historic Allen House Multifamily Property
    Historic Allen House Multifamily Property

    1700 Osos Street, San Luis Obispo, CA 93401

    $3,895,000
    4,688 sqft

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

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    Mixed-Use Development Site
    Mixed-Use Development Site

    1390 Walker, San Luis Obispo, CA 93401

    $4,600,000
    1,420 sqft 1.10 AC lot

    City-approved for a 49-unit residential project and includes an existing 1,420 sq ft commercial building with added approval.

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    Historic Victorian Residence in San Luis Obispo
    Historic Victorian Residence in San Luis Obispo

    687 Islay, San Luis Obispo, CA 93401

    $2,900,000
    0.50 AC lot

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

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    2019 Manufactured Home Corner Lot
    2019 Manufactured Home Corner Lot

    A44-145 South St, San Luis Obispo, CA 93401

    $169,000
    572 sqft

    2019 two-bedroom, one-bath manufactured home with open kitchen, laminate flooring, and yards plus two parking spaces.

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    2-Bedroom Manufactured Home
    2-Bedroom Manufactured Home

    54-3500 Bullock Ln, San Luis Obispo, CA 93401

    $164,000
    720 sqft

    2-bedroom, 1-bath manufactured home with vaulted living room ceiling and a spacious yard in a country estate community.

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    Brand New Park Model Home
    Brand New Park Model Home

    A79-145 South Street, San Luis Obispo, CA 93401

    $99,950
    363 sqft

    Brand new 2-bedroom, 1-bath park model home under H&S 18009.3, with $895/month space rent.

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    Multi-Unit Apartment Building with Yards
    Multi-Unit Apartment Building with Yards

    35 Blarney, San Luis Obispo, CA 93405

    $2,775,000

    For sale multi-unit apartment with seven long-term rentals, many featuring private fenced yards.

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    8-Unit Multifamily with Private Patios
    8-Unit Multifamily with Private Patios

    3380 Bullock Ln, San Luis Obispo, CA 93401

    $3,075,000

    Eight-unit multifamily offering private patios, updated kitchens with stainless-steel appliances, and on-site coin-operated laundry.

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    Residential Income Quadplex
    Residential Income Quadplex

    664 Toro Street, San Luis Obispo, CA 93401

    $1,325,000

    R3-zoned cottage-style property with a studio at the rear, separate entry, and fenced yard, plus long driveway parking.

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    Dual-Residence Duplex with ADU
    Dual-Residence Duplex with ADU

    667-671 Howard Street, San Luis Obispo, CA 93401

    $1,695,000

    Rebuilt duplex with a 3-bed, 2-bath main home and fully detached 1-bed, 1-bath ADU.

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    Charming Triplex in Desirable Location
    Charming Triplex in Desirable Location

    2101 Johnson Avenue, San Luis Obispo, CA 93401

    $1,250,000

    Unique 3-unit property near downtown San Luis Obispo.

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    Old Town SLO Duplex
    Old Town SLO Duplex

    785 Pepper, San Luis Obispo, CA 93401

    $890,000

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

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    Multifamily
    Multifamily

    791 Pepper, San Luis Obispo, CA 93401

    $1,510,000

    Triplexes

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in San Luis Obispo, CA, we suggest to view alternatives - similar 50 Off-Market properties to explore as potential leads.

    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)

    1771 Johnson Ave, San Luis Obispo, CA 93401

    Value Estimation by Request
    1,903 sqft 0.32 AC lot
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    279 Br St
    APARTMENT HOUSE (5+ UNITS)

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

    $2,185,000
    Estimated value
    6,142 sqft 0.46 AC lot
    View details

    San Luis Obispo, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in San Luis Obispo, CA, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 28,552 square feet of properties for sale, with an estimated market value of $16,897,950.

    Sale prices for multifamily properties in San Luis Obispo, CA start at $99,950, averaging $1,536,177, and reaching up to $4,600,000 — 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
    Mobile home & RV parks 5
    Quadplexes 5
    Apartment buildings 4
    Triplexes 3

    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 average listing prices of real estate assets

    Neighborhood Average Price
    93405 $1.7M
    93401 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per SF
    Tax Rate vs County Average 0.01 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)

    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.

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