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

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    13 properties
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    Spanish-Style Triplex Near Downtown
    Updated: Sep 16
    Spanish-Style Triplex Near Downtown

    347 Branch Street, San Luis Obispo, CA 93401

    $1,450,000
    2,612 sqft 0.24 AC lot
    Three‑unit configuration with a 3‑bedroom front residence and rear 2‑unit duplex
    Approximately 2,612 square feet of combined living space on 0.2392 acres
    Front residence built in 1929; rear duplex built in 1942
    R‑2 zoning with separate gas and electric meters for each unit
    Units A and B available for immediate move‑in; Unit C is leased
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    Spanish-Style Triplex
    Updated: Sep 17
    Spanish-Style Triplex

    347 Branch Street, San Luis Obispo, CA 93401

    $1,450,000
    0.24 AC lot
    Three‑unit property with a 3‑bedroom front home and rear 2‑unit duplex
    Front residence offers approximately 1,460 square feet; built in 1929
    Rear duplex provides approximately 1,152 square feet combined; built in 1942
    Duplex units each include 1 bedroom, 1 full bathroom, private yard, and washer/dryer hookups
    0.2392‑acre parcel with R‑2 zoning near downtown San Luis Obispo
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    Renovated 4-Unit Multifamily Property
    Renovated 4-Unit Multifamily Property

    1130 Leff St, San Luis Obispo, CA 93401

    $2,400,000
    3,061 sqft

    Four updated residences across two buildings with shared laundry and off-street parking near downtown San Luis Obispo.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    505 Brizzolara St, San Luis Obispo, CA 93401

    $3,900,000
    7,894 sqft

    Private parking, on-site laundry, and a shared patio serve a centrally located multifamily property.

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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
    2,816 sqft 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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    Mixed-Use Development Site
    Mixed-Use Development Site

    1390 Walker, San Luis Obispo, CA 93401

    $4,600,000
    1,400 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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    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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    Mission-Style Three-Unit Triplex
    Mission-Style Three-Unit Triplex

    347 Branch St, San Luis Obispo, CA 93401

    $1,450,000
    2,612 sqft

    R-2-zoned triplex with a front residence, rear duplex, separate utility metering, and private outdoor areas.

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    Corner-Lot Triplex Near Downtown
    Corner-Lot Triplex Near Downtown

    San Luis Obispo, CA 93401

    $1,700,000
    0.30 AC lot

    Three two-bedroom units occupy a 1918 property in San Luis Obispo’s historic Mill St neighborhood.

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    Duplex With Two Garages
    Duplex With Two Garages

    San Luis Obispo, CA 93401

    $1,000,000
    0.25 AC lot

    1941-built duplex on a sloped lot with two garage spaces and renovation needs.

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

    687 Islay Street, San Luis Obispo, CA 93401

    $2,600,000
    20,735 sqft 0.50 AC lot

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

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

    35 Blarney, San Luis Obispo, CA 93405

    $2,650,000

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

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    Multifamily Property with Carport
    Multifamily Property with Carport

    124 128 Stenner, San Luis Obispo, CA 93405

    $2,050,000

    Built in 1941, the property has wood exterior construction and an attached carport.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 13 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 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.

    Duplex with Private Two-Car Garages
    Duplex with Private Two-Car Garages

    359-361 N. 3rd Street, Grover Beach, CA 93433

    Contact for pricing
    2,080 sqft 0.17 AC lot

    Well-maintained 1979 duplex with two 2BR/1BA units, each with private two-car garage and backyard access.

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    Quadplex with Ocean Views
    Quadplex with Ocean Views

    2520 Coburn Ln, Pismo Beach, CA 93449

    $2,390,000

    Four-unit configuration includes garages, laundry, and a recreation lounge with fireplace.

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    Ocean-View Apartment Building
    Ocean-View Apartment Building

    351 San Luis Ave, Pismo Beach, CA 93449

    $1,630,000

    Five-unit coastal property with a private-balcony studio, shared patio, garage, laundry room, and storage shed.

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    Grover Beach Duplex Investment Opportunity
    Grover Beach Duplex Investment Opportunity

    261 N 13th St, Grover Beach, CA 93433

    $995,000

    Duplex in desirable location with redevelopment potential.

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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)

    1771 Johnson Ave, San Luis Obispo, CA 93401

    Estimated value: by Request
    1,903 sqft 0.32 AC lot
    View details
    279 Br St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $480,000
    6,142 sqft 0.46 AC lot
    View details
    60 Casa St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value: by Request
    10,484 sqft 1.35 AC lot
    View details
    1622 Palm St
    APARTMENT HOUSE (5+ UNITS)

    1622 Palm St, San Luis Obispo, CA 93401

    Estimated value:
    $2,600,000
    0.34 AC lot
    View details
    1236 Monte Vis Pl
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $1,695,000
    0.66 AC lot
    View details
    1160 Islay St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $425,000
    2,311 sqft 0.17 AC lot
    View details
    1341 Osos St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $675,000
    11,820 sqft 0.21 AC lot
    View details
    1109 Laurel Ln
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $360,000
    5,400 sqft 0.25 AC lot
    View details
    455 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)

    455 Brizzolara St, San Luis Obispo, CA 93401

    Estimated value:
    $320,000
    1.39 AC lot
    View details
    6180 Ontario Rd
    MOBILE HOME PARK, TRAILER PARK

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

    Estimated value:
    $1,215,000
    4.00 AC lot
    View details
    2029 Beebee St
    APARTMENT HOUSE (5+ UNITS)

    2029 Beebee St, San Luis Obispo, CA 93401-5027

    Estimated value:
    $1,400,000
    3,080 sqft 0.17 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 13 active listings on our real estate platform. These investment opportunities span a total of 42,150 square feet of properties for sale, with an estimated market value of $27,044,000.

    Sale prices for multifamily properties in San Luis Obispo, CA start at $399,000, averaging $2,080,307, 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

    Triplexes 5
    Apartment buildings 4
    Mobile home & RV parks 4
    Duplexes 2

    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
    93401 $1.9M
    93405 $2.1M

    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)

    Average Property Price per SF

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

    Residential Income

    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.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near San Luis Obispo, CA

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    Most Searched ZIP Codes in San Luis Obispo, CA

    • 93401
    • 93405

    Featured San Luis Obispo Real Estate Agencies

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

    Richardson Properties, Inc.
    735 Tank Farm Road, Suite 130 San Luis Obispo, CA 93401
    Phone: (805) 781-6040
    www.richardsonproperties.com
    Bjerre & Garcia Realty, Inc.
    1320 Santa Rosa St San Luis Obispo, CA 93401
    Phone: (805) 544-6060
    www.bjerreandgarciarealty.com
    Patterson Realty
    444 Higuera, 3rd Floor San Luis Obispo, CA 93401
    Phone: (805) 801-7061
    www.pattersonrealty.com
    Why this one?
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