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29738531
29738533

2221 Oak St, Paso Robles, CA 93446

KF
CA CA - 01358589
Country Real Estate
Listed by Country Real Estate
$1,245,000
125 days on market
Updated 74 days ago

2219, 2221, 2223 Oak Street

Details
APN 018-162-008
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,632
Net Rentable (SqFt) 2,632
Units 3
Cap Rate 5.99%
NOI $74,557
Occupancy 100%
Pro-Forma Cap Rate 6.42%
Pro-Forma NOI $79,957
Price per SqFt $473
Year Built 1967
Buildings 1
Stories 2
Lot Size (SqFt) 11,200
Zoning T-3N
Parking Spaces 6 per unit
Ground Lease No

Triplex l Large Lot | 3 Units + Garages | Paso Robles

Marketing description

Exceptional opportunity to acquire a fully rented triplex in the highly desirable west side of Paso Robles, just blocks from downtown amenities. Situated on an expansive 11,200± sqft lot, this property offers both immediate cash flow and long-term upside potential.

The unit mix includes two spacious 2-bedroom, 2.5-bath units and one 2-bedroom, 1-bath unit—an attractive configuration for strong tenant demand. All three units are currently leased, providing stabilized income from day one.

Recent capital improvements enhance value and reduce near-term expenses, including a new roof and rain gutters in 2025, matching white vinyl windows throughout, newer downstairs tile flooring in two units, and a remodeled kitchen in one unit featuring white cabinetry and appliances.

The property offers functional amenities that support tenant retention: fenced front yards for two units with low-maintenance synthetic turf, a shared fenced rear yard, carports, individual storage areas, and three detached garages in the rear structure. A private laundry room serves the units, with separate gas and electric meters for each unit and a single water meter.

Located near downtown Paso Robles, Highway 101 access, schools, shopping, and services, this asset benefits from strong rental demand and long-term appreciation drivers. The generous lot size and T-3N zoning create potential for future development or value-add strategies (buyer to verify).

A rare combination of location, improvements, income stability, and future flexibility—ideal for investors seeking both yield and growth.

Listing Contacts

KF
CA CA - 01358589
Country Real Estate
Listed by Country Real Estate

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,557.00
$6,213.08/mo

Valuation Metrics

0
DSCR
5.99%
Cap Rate
5.99%
ROI

Map

Zoning

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T-3N SpecialT 3 Neighborhood
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Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Kandie Frederick
License
CA - 01358589
Brokerage
Country Real Estate
Brokerage Phone
8058782225
Title
Owner/Broker
Brokerage Address
630 14th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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