$619,000
Est. $3,466/mo346 12th, San Miguel, CA 93451
About this home
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. Schedule a private showing today to see the possibilities. Contact me for details, updated financials, or to tour this exceptional property.
infoProperty Facts
Bedrooms
3
Bathrooms
2
Square Feet
1,388
Lot Size
5,227 sqft
Year Built
1942
Property Type
Single Family Residence
Days on Market
53
HOA Fee
N/A
Garage Total
2
MLS #
NS26009747
chairInterior Details
General Interior
Interior Features
All Bedrooms Down
Flooring
Vinyl
Kitchen & Appliances
Laundry
Laundry Room
Bed & Bath
Main Level Bedrooms
3
Main Level Bathrooms
2
Climate Control
Cooling
Ductless
Heating
Ductless
garageParking
Total Parking Spaces
2
Garage Spaces
2
deckExterior & Lot
Lot & Grounds
Lot Features
Back Yard
Sewer
Public Sewer
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Rural
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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