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    Morro Bay, CA
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    Morro Bay, CA Residential Income Properties for Sale

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    Coastal Duplex With Ocean Views
    Updated: Aug 6
    Coastal Duplex With Ocean Views

    2630 Maple Avenue, Morro Bay, CA 93442

    $1,299,999
    2,024 sqft 0.09 AC lot
    Two‑residence duplex with 2,024 square feet of living area
    Upper residence offers 2 bedrooms, 2 bathrooms, kitchenette, sunroom, gas fireplace, and private deck
    Lower residence includes 1 bedroom, 1 bathroom, full kitchen, dining area, vaulted‑ceiling living room, and indoor laundry
    Views of Morro Rock and the Pacific Ocean from multiple decks
    0.0918‑acre parcel with garage, courtyard, patio, decks, and fire pit
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    This listing looks promising.

    Here's a quick look at some key insights for

    2630 Maple Avenue, Morro Bay, CA 93442

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    • Est. Cap Rate

      3.3%
      NOI ÷ price

    • Est. NOI

      $42K
      Annual

    • Price @ 7% Cap

      $605K
      Suggested

    • Property Type

      Single Family Residence
      Built 1988
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    Triplex with Detached Garage
    Updated: Jul 27
    Triplex with Detached Garage

    1160 West, Morro Bay, CA 93442

    $1,725,000
    0.10 AC lot
    1945‑built triplex with three separately rented units
    Total building area 3,094 SF
    Lot size 0.1028 acres (40.9 ft x 112 ft street to street)
    Detached 1‑car garage plus 4 off‑street parking spaces
    Indoor laundry in multiple units
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    Triplex with Detached Garage
    Triplex with Detached Garage

    1160 West St, Morro Bay, CA 93442

    $1,725,000

    Three-unit property combining two residential apartments with a downstairs commercial space and on-site parking.

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    Four-Unit Coastal Multifamily Residence
    Four-Unit Coastal Multifamily Residence

    457 Piney Way, Morro Bay, CA 93442

    Contact for pricing
    4,474 sqft

    Brand-new four-unit property in Morro Bay with a two-unit duplex and two detached ADUs, each with balconies.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Morro Bay, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

    Ranch-Style Triplex Property
    Ranch-Style Triplex Property

    701 Los Osos Valley, Los Osos, CA 93402

    $1,469,500
    0.20 AC lot

    Triplex in RMF zoning with a 3-bedroom main home and two 2-bedroom duplex units, each with outdoor patio space.

    View details
    Well-Maintained Triplex with Ocean Deck
    Well-Maintained Triplex with Ocean Deck

    31 8th St, Cayucos, CA 93430

    $2,150,000
    0.18 AC lot

    Spacious two-story triplex with bright living areas, in-unit laundry space, and private ocean-view deck from a front bedroom.

    View details
    Duplex with Vacation Rental License
    Duplex with Vacation Rental License

    2023 Circle, Cayucos, CA 93430

    Contact for pricing

    Two separate units with abundant parking and an active vacation rental license, offering flexible residential and rental use.

    View details
    Fourplex Residential Income Property
    Fourplex Residential Income Property

    1143 16th, Los Osos, CA 93402

    Contact for pricing

    Four-unit property in Los Osos with two studios and two two-bedroom homes, each featuring a full kitchen.

    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.

    Vacant Residential Lot with Ocean Views
    Vacant Residential Lot with Ocean Views

    2900 Alder Avenue, Morro Bay, CA 93442

    $395,000
    0.14 AC lot

    R1-zoned vacant lot in Morro Bay offering ocean and Morro Rock views near the beach and local amenities.

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    Morro Bay Land with Views
    Morro Bay Land with Views

    670 Sequoia Court, Morro Bay, CA 93442

    $475,000
    0.46 AC lot

    Rare nearly half acre lot with incredible views in Morro Bay.

    View details
    Ready-to-Build Morro Bay View Lot
    Ready-to-Build Morro Bay View Lot

    563 Zanzibar, Morro Bay, CA 93442

    $369,000
    1,880 sqft 0.06 AC lot

    Shovel-ready lot with permit in-hand for immediate construction.

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    Back Bay Frontage Double Lot
    Back Bay Frontage Double Lot

    Garden Street, Los Osos, CA 93402

    $300,000
    0.18 AC lot

    Vacant land with direct Back Bay frontage and two separate APNs, totaling approximately 8,000 sq. ft.

    View details

    Off-Market Properties in Morro Bay, CA

    Consider similar Off-Market properties in Morro Bay, 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.

    2130 Main St
    APARTMENT HOUSE (5+ UNITS)

    2130 Main St, Morro Bay, CA 93442-1666

    Value Estimation by Request
    1,804 sqft 0.28 AC lot
    View details
    Main St
    APARTMENT HOUSE (5+ UNITS)

    Main St, Morro Bay, CA 93442

    $2,800,000
    Estimated value
    0.33 AC lot
    View details
    694 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)

    694 Monterey Ave, Morro Bay, CA 93442-2232

    $1,450,000
    Estimated value
    2,392 sqft 0.33 AC lot
    View details
    1060 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)

    1060 Monterey Ave, Morro Bay, CA 93442-2067

    $365,000
    Estimated value
    792 sqft 0.20 AC lot
    View details
    190 El Morro Trlr Ct
    CAMPGROUND, RV PARK

    190 El Morro Trlr Ct, Morro Bay, CA 93442

    $255,000
    Estimated value
    1.08 AC lot
    View details
    1565 Quintana Rd
    MOBILE HOME PARK, TRAILER PARK

    1565 Quintana Rd, Morro Bay, CA 93442-2435

    $5,590,000
    Estimated value
    5.84 AC lot
    View details
    425 Bonita St, Unit E
    MOBILE HOME PARK, TRAILER PARK

    425 Bonita St, Morro Bay, CA 93442-1518

    Unit E
    $340,000
    Estimated value
    1.14 AC lot
    View details
    2077 Sunset Ave
    APARTMENT HOUSE (5+ UNITS)

    2077 Sunset Ave, Morro Bay, CA 93442-1651

    $1,790,000
    Estimated value
    640 sqft 0.23 AC lot
    View details
    1500 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1500 Little Morro Crk Rd, Morro Bay, CA 93442-1876

    $1,270,000
    Estimated value
    552 sqft 40.00 AC lot
    View details
    700 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)

    700 Bernardo Ave, Morro Bay, CA 93442-2340

    $595,000
    Estimated value
    0.26 AC lot
    View details
    736 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)

    736 Bernardo Ave, Morro Bay, CA 93442-2371

    $590,000
    Estimated value
    0.13 AC lot
    View details
    440 Atascadero Rd
    APARTMENT HOUSE (5+ UNITS)

    440 Atascadero Rd, Morro Bay, CA 93442-1698

    $1,265,000
    Estimated value
    4,178 sqft 0.37 AC lot
    View details
    752 Butte Ave
    APARTMENT HOUSE (5+ UNITS)

    752 Butte Ave, Morro Bay, CA 93442-2310

    $300,000
    Estimated value
    3,960 sqft 0.22 AC lot
    View details
    1078 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK

    1078 Monterey Ave, Morro Bay, CA 93442-2014

    $345,000
    Estimated value
    0.30 AC lot
    View details
    495 Napa Ave
    APARTMENT HOUSE (5+ UNITS)

    495 Napa Ave, Morro Bay, CA 93442-2563

    $1,090,000
    Estimated value
    7,656 sqft 0.40 AC lot
    View details
    1536 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1536 Little Morro Crk Rd, Morro Bay, CA 93442-1877

    $1,490,000
    Estimated value
    1,640 sqft 23.29 AC lot
    View details
    1600 San Bernardo Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1600 San Bernardo Crk Rd, Morro Bay, CA 93442-2478

    $1,440,000
    Estimated value
    3,413 sqft 74.46 AC lot
    View details
    590 Kings Ave, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    590 Kings Ave, Morro Bay, CA 93442-2649

    Unit 1
    $555,000
    Estimated value
    4,457 sqft 0.26 AC lot
    View details
    227 Surf St
    MOBILE HOME PARK, TRAILER PARK

    227 Surf St, Morro Bay, CA 93442-2033

    Value Estimation by Request
    0.74 AC lot
    View details
    462 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK

    462 Monterey Ave, Morro Bay, CA 93442-2580

    $380,000
    Estimated value
    0.95 AC lot
    View details

    Morro Bay, CA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Morro Bay, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,498 square feet of properties for sale, with an estimated market value of $4,749,999.

    Sale prices for residential income properties in Morro Bay, CA start at $1,299,999, averaging $1,583,333, and reaching up to $1,725,000 — 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

    Multifamily properties 6
    Duplexes 2
    Triplexes 2
    Mobile home & RV parks 1
    Quadplexes 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) +3.3%
    Median Household Income $92,163
    College Educated 32.2%

    High-Yield Neighborhoods for Investment

    Identify Morro Bay submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93442 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.11%
    Property Tax per SF $12.55 per SF
    Tax Rate vs County Average 0.02 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)

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