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    San Luis Obispo, CA Multifamily Properties for Sale

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    Los Angeles, CA Lancaster, CA San Diego, CA
    6 results
    Historic Victorian Multifamily Residence
    $3,600,000
    5,888 SF

    Historic Victorian Multifamily Residence

    687 Islay, San Luis Obispo, CA 93401

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

    • Historic Victorian residence built in 1895, restored and featuring original redwood with Douglas fir accents.
    • Income‑producing property with nine residential units (three 1‑bedroom, six studio lofts).
    • Large, nearly half‑acre lot with park‑like grounds, patio areas, and barbecue space.
    • Potential for future expansion and increased density, subject to local approvals.
    • Includes nine outbuildings for garages, storage, bicycle garage, social room, and laundry.
    Updated: Feb 13
    View details
    Historic Victorian Residence in San Luis Obispo
    $3,900,000

    Historic Victorian Residence in San Luis Obispo

    687 Islay, San Luis Obispo, CA 93401

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

    • Historic Victorian residence on a large (nearly half‑acre) downtown lot.
    • Income‑producing property with nine residential units (3 one‑bedroom, 6 studio lofts).
    • Development potential for expansion and increased density (subject to approvals).
    • Nine outbuildings provide garages, storage, bicycle garage, social room, and laundry.
    • Restored historic character with original redwood, Douglas fir accents, 12‑foot ceilings, and expansive windows.
    Updated: Feb 9
    View details
    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
    View details
    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
    View details
    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
    View details
    Multifamily
    $1,510,000

    Multifamily

    Triplexes

    791 Pepper, San Luis Obispo, CA 93401
    View details
    Based on your search, we've compiled 528 Potential Opportunities for your consideration. Besides 6 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 514 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Oceano Duplex: Multifamily Opportunity
    $689,900
    1,126 SF

    Oceano Duplex: Multifamily Opportunity

    Two homes on an R2 lot near the beach.

    2011 Paso Robles, Oceano, CA 93445
    View details
    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
    View details
    Grover Beach Duplex Investment Opportunity
    $995,000

    Grover Beach Duplex Investment Opportunity

    Duplex in desirable location with redevelopment potential.

    261 N 13th, Grover Beach, CA 93433
    View details
    Oceano Multifamily Opportunity: Two Homes
    $689,900

    Oceano Multifamily Opportunity: Two Homes

    Two homes on one lot near the beach in Oceano.

    2011 Paso Robles, Oceano, CA 93445
    View details

    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.

    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
    View details
    Lake Isabella Vacant Lot
    Contact for pricing
    0.69 Acres

    Lake Isabella Vacant Lot

    Vacant lot near Lake Isabella, suitable for house or manufactured home.

    Commercial Ave, Lake Isabella, CA 93240
    View details
    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
    View details
    Wofford Heights Vacant Land Opportunity
    $449,000
    3.49 Acres

    Wofford Heights Vacant Land Opportunity

    Vacant land with lake views and development potential.

    630 Evans Rd, Wofford Heights, CA 93285
    View details

    Explore 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

    1771 Johnson Ave

    APARTMENT HOUSE (5+ UNITS) • 1,903 SF
    Value Estimation by Request
    1771 Johnson Ave, San Luis Obispo, CA 93401
    View details
    279 Br St

    279 Br St

    APARTMENT HOUSE (5+ UNITS) • 6,142 SF
    Value Estimation
    $2,185,000
    279 Br St, San Luis Obispo, CA 93401-5026
    View details
    60 Casa St

    60 Casa St

    APARTMENT HOUSE (5+ UNITS) • 10,484 SF
    Value Estimation by Request
    60 Casa St, San Luis Obispo, CA 93405-1867
    View details
    1622 Palm St

    1622 Palm St

    APARTMENT HOUSE (5+ UNITS) • 0.34 Acres
    Value Estimation
    $2,600,000
    1622 Palm St, San Luis Obispo, CA 93401
    View details
    1236 Monte Vis Pl

    1236 Monte Vis Pl

    APARTMENT HOUSE (5+ UNITS) • 0.66 Acres
    Value Estimation by Request
    1236 Monte Vis Pl, San Luis Obispo, CA 93405-1431
    View details
    1160 Islay St

    1160 Islay St

    APARTMENT HOUSE (5+ UNITS) • 2,311 SF
    Value Estimation
    $600,000
    1160 Islay St, San Luis Obispo, CA 93401-3754
    View details
    1341 Osos St

    1341 Osos St

    APARTMENT HOUSE (5+ UNITS) • 11,820 SF
    Value Estimation
    $675,000
    1341 Osos St, San Luis Obispo, CA 93401-4055
    View details
    1109 Laurel Ln

    1109 Laurel Ln

    APARTMENT HOUSE (5+ UNITS) • 5,400 SF
    Value Estimation
    $865,000
    1109 Laurel Ln, San Luis Obispo, CA 93401-8604
    View details
    455 Brizzolara St

    455 Brizzolara St

    APARTMENT HOUSE (5+ UNITS) • 1.39 Acres
    Value Estimation by Request
    455 Brizzolara St, San Luis Obispo, CA 93401
    View details
    6180 Ontario Rd

    6180 Ontario Rd

    MOBILE HOME PARK, TRAILER PARK • 4.00 Acres
    Value Estimation
    $1,215,000
    6180 Ontario Rd, San Luis Obispo, CA 93405-8012
    View details
    2029 Beebee St

    2029 Beebee St

    APARTMENT HOUSE (5+ UNITS) • 3,080 SF
    Value Estimation
    $1,400,000
    2029 Beebee St, San Luis Obispo, CA 93401-5027
    View details
    544 Pacific St

    544 Pacific St

    APARTMENT HOUSE (5+ UNITS) • 0.45 Acres
    Value Estimation
    $5,350,000
    544 Pacific St, San Luis Obispo, CA 93401-3960
    View details
    519 Brizzolara St

    519 Brizzolara St

    APARTMENT HOUSE (5+ UNITS) • 0.62 Acres
    Value Estimation
    $615,000
    519 Brizzolara St, San Luis Obispo, CA 93401-3415
    View details
    137 Crandall Way

    137 Crandall Way

    APARTMENT HOUSE (5+ UNITS) • 1.30 Acres
    Value Estimation
    $7,500,000
    137 Crandall Way, San Luis Obispo, CA 93405-1409
    View details
    144 Carpenter St

    144 Carpenter St

    APARTMENT HOUSE (5+ UNITS) • 2.09 Acres
    Value Estimation by Request
    144 Carpenter St, San Luis Obispo, CA 93405-1401
    View details
    629 Ormonde Rd

    629 Ormonde Rd

    MOBILE HOME PARK, TRAILER PARK • 480 SF
    Value Estimation by Request
    629 Ormonde Rd, San Luis Obispo, CA 93401-8410
    View details
    Higuera St

    Higuera St

    APARTMENT HOUSE (5+ UNITS) • 0.30 Acres
    Value Estimation by Request
    Higuera St, San Luis Obispo, CA 93401
    View details
    3730 Higuera St

    3730 Higuera St

    APARTMENT HOUSE (5+ UNITS) • 0.45 Acres
    Value Estimation by Request
    3730 Higuera St, San Luis Obispo, CA 93401-7598
    View details

    San Luis Obispo, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 520 multifamily properties for sale in San Luis Obispo, CA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 934,731,183 square feet of properties for sale, with an estimated market value of $155,630,000.

    Sale prices for multifamily properties in San Luis Obispo, CA start at $70,000, averaging $827,819, and reaching up to $7,700,000 — 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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