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Discover this prime multifamily gem in the charming, historic town of San Miguel, California "” a growing community in San Luis Obispo County, right off Highway 101 for quick access to Paso Robles (just 10 miles south), world-class wine country, and the vibrant Central Coast. Zoned residential multifamily, this well-maintained property offers two fully remodeled units totaling just under 1,400 sq ft, both updated with modern finishes and ready for new owners or tenants. The main unit is a spacious 2-bedroom, 1-bath with contemporary upgrades and a generous utility room that's perfect for conversion into a third bedroom, home office, or extra storage. The second unit is a cozy 1-bedroom, 1-bath, also beautifully refreshed. The main 2-bedroom unit becomes vacant as of February 15, giving you the perfect opportunity to customize! This duplex has a solid history of strong, reliable rents and previously delivered a gross ROI just over 8% "” standout performance compared to typical Central Coast multifamily cap rates around 5-6% in recent market data. With the upcoming vacancy, envision your options: Owner-occupy the larger main unit starting mid-February and rent the second for supplemental income to make your mortgage more affordable. Or re-rent both at current market rates for maximum cash flow in this desirable area. This is your chance to own a turnkey, updated duplex in a community with strong growth potential "” ideal for owner-occupants building equity with rental help, multigenerational families, or investors seeking solid income and appreciation. Don't wait "” the February 15th vacancy is your window for flexibility! Schedule a private showing today to see the possibilities. Contact your agent for details, updated financials, or to tour this exceptional property. This is a rare chance to own a turnkey, income-producing duplex in a community with strong upside potential "” ideal for investors seeking cash flow, appreciation, and the lifestyle of Central Coast living. Don't miss out "” schedule your showing today and secure this solid performer in a town that's quietly thriving! Contact us for more details, financials, or to tour this exceptional property.
| Last Updated | 1/14/2026 | Tract | Other |
|---|---|---|---|
| Year Built | 1942 | Community | SMIG - San Miguel |
| Garage Spaces | 1.0 | County | San Luis Obispo |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | SMIG - San Miguel |
| GARAGE | Yes |
| HEAT | Ductless |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Front Yard |
| LOT DIMENSIONS | 5227 |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Other |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/15/26 11:31 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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