346 12th
San Miguel, CA, 93451
$649,000
Beds
0 Baths
0 SqFt
0.12 Acres
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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.

Property Details

Price:
$649,000
MLS #:
NS26006970
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
smigsanmiguel
Listed Date:
Jan 15, 2026
Total Sq Ft:
1,388
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1942
Parking TotalSmig – San MiguelSmigsanmiguel

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Schools

Interior

Cooling
DUC
Flooring
VINY
Heating
DUC
Laundry Features
GE

Exterior

Community Features
RUR
Parking Spots
1
Roof
CON

Financial

Net Operating Income
$6,000

Map

Community

Subdivisions in San Miguel

Market Summary

Current real estate data for Single Family in San Miguel as of Jan 20, 2026
13
Single Family Listed
95
Avg DOM
841
Avg $ / SqFt
$2,172,300
Avg List Price

Property Summary

    Located in the Other (OTHR) subdivision, 346 12th San Miguel CA is a Single Family for sale in San Miguel, CA, 93451. It is listed for $649,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1942. The average price per square foot for Single Family listings in San Miguel is $841. The average listing price for Single Family in San Miguel is $2,172,300.

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346 12th
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