Rare opportunity to own a fully upgraded, income-producing duplex in the heart of Paso Robles, with two established short-term rental units and transferable short-term rental permits. Although not on tax record, the short term rental listings reflect a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, both currently operating as successful short-term rentals with nearly 5-star guest ratings. The units are furnished, upgraded, guest-ready and already operating, allowing a new owner to step in and continue short-term rental operations from Day 1 rather than starting from scratch. Adding to the investment appeal is TC-2 zoning, offering a flexible commercial/residential designation in Paso Robles’ Town Center. City regulations specifically allow short-term rental permits to transfer to a new owner in TC-2 zoning, making this an especially attractive opportunity for an investor seeking an established hospitality business with an uncommon level of operational continuity. Location further strengthens the opportunity. The property is less than a mile from the Downtown Square and just a few blocks from the Paso Robles Event Center/Fairgrounds and Paso MarketWalk, placing guests close to restaurants, wine tasting, shopping, events and the vibrant downtown scene. Whether you’re looking for an income-producing asset, a foothold in Paso Robles’ thriving wine-country hospitality market, or a property with the flexibility of commercial and residential use, this duplex delivers a compelling combination of location, established income potential, transferable STR permits and true turnkey operation.