Morro Bay, CA Multifamily Homes & Duplexes for Sale

/69
$1,300,000
- 3 Beds
- 3 Baths
- 1,800 Sq Ft
2675 Juniper Ave, Morro Bay, CA 93442

Enjoy spectacular whitewater ocean and rock views from both the main home and detached secondary unit of this property. Main house is two bedrooms and two bathrooms. The upstairs includes the kitchen, living room, and dining area, featuring decks and open beam ceilings. Two bedrooms and both bathrooms are located on the lower level, which also includes a large utility room.The charming

Jeff Elmerick Horizon Realty & Property Mgt

2675 Juniper Ave, Morro Bay, CA 93442
/25
$1,115,000
- 3 Beds
- 2 Baths
- 1,200 Sq Ft
260 Pacific St, Morro Bay, CA 93442

Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each having individual yards and rear single car garages. The roof and rain gutters were recently

James Kelsey Century 21 Masters-Arroyo Grande

260 Pacific St, Morro Bay, CA 93442
/29
$799,950
- 2 Beds
- 2.5 Baths
- 1,210 Sq Ft
540 Avalon St, Morro Bay, CA 93442

This home offers several options. Currently two one bedroom units with an additional art studio/bonus unit and separate laundry room with third bathroom. Has recently been updated inside and out with new flooring, paint, windows and ceiling fans. Downstairs features new granite kitchen counters and gas stove with a quiet landscaped yard for outdoor enjoyment. Upstairs is open and bright

Nadine Lilley Highway One Real Estate

540 Avalon St, Morro Bay, CA 93442
/63
$1,589,000
- 6 Beds
- 5 Baths
- 3,066 Sq Ft
685 Kings Ave, Morro Bay, CA 93442

Great investment opportunity in the heights of Morro Bay! This Spanish-style five-unit apartment complex offers incredible potential, featuring one 2-bedroom unit, one studio, and three 1-bedroom apartments. Original hardwood flooring runs through all living rooms, and apartments 1 and 2 offer views of Morro Rock. The front lot, which includes the building, is 13,733 sq. ft., while the rear lot

Natalie Boudreau White BHGRE HAVEN PROPERTIES

685 Kings Ave, Morro Bay, CA 93442
/62
$1,750,000
- 2 Beds
- 2.5 Baths
- 975 Sq Ft
660 Morro Bay Blvd, Morro Bay, CA 93442

In the heart of Morro Bay, this exceptional legacy mixed-use property spans three legal APNs/Lots and offers a rare investment opportunity. The property includes a 975-square-foot single-family home at 753 Piney Way, a commercial retail building, and a 1,676-square-foot restaurant. The retail building, located at the corner of Morro Bay Blvd and Piney Way, houses three commercial units: 775 Piney

Chris Bath Coast Realty

660 Morro Bay Blvd, Morro Bay, CA 93442

California San Luis Obispo County Morro Bay

Why Live in Morro Bay

Morro Bay, located on California’s Central Coast, is a picturesque seaside fishing village about 15 miles from San Luis Obispo. Known for its stunning coastal landscape, the town features the iconic Morro Rock, part of the volcanic Nine Sisters chain, rising from the Pacific Ocean beside a sandy beach and a quaint downtown harbor. The area offers ample opportunities for water recreation, including sailing, surfing, fishing, and birdwatching. With a population of roughly 11,000, Morro Bay attracts retirees, families, and young professionals, many of whom work remotely or in the local service and hospitality industries. The community is tight-knit, with residents looking out for each other despite the influx of tourists.

Morro Bay boasts extensive natural attractions, such as the 6-mile stretch of Morro Rock Beach and Morro Strand State Beach, ideal for swimming, surfing, and whale watching. The 2,700-acre Morro Bay State Park offers wetlands and marshes that attract around 250 migratory bird species, along with trails leading to Black Hill and Cerro Cabrillo. The park also features a marina, an 18-hole golf course, and the Morro Bay Museum of Natural History.

Housing in Morro Bay ranges from mid-20th-century beach bungalows and coastal cottages near the Embarcadero to newer custom homes on rolling hills with water views. The median home price is around $955,000, with oceanfront properties and elevated homes commanding higher prices. The Embarcadero is the hub for boutique shopping and fresh seafood dining, with local markets offering daily catches.

Morro Bay is part of the highly rated San Luis Coastal Unified School District, recognized as the best in San Luis Obispo County. The area also enjoys lower-than-average property and violent crime rates. Public transportation is available through the San Luis Obispo Regional Transit Authority, and the town is conveniently located near the scenic Highway 1. Medical facilities and the San Luis Obispo County Airport are within a short drive.

Learn more about living in Morro Bay

Home Trends in Morro Bay, CA

On average, homes in Morro Bay, CA sell after 17 days on the market compared to the national average of 70 days. The median sale price for homes in Morro Bay, CA over the last 12 months is $1,320,000, up 46% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$1,320,000

Median Single Family Sale Price

$1,750,000

Median 2 Bedroom Sale Price

$920,000

Average Price Per Sq Ft

$697

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

6.00

Median List Price

$1,075,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

46%

How to Buy a Home How to Finance a Home How to Sell a Home

In Morro Bay, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $799,950 to $1,750,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Morro Bay is $1,075,000, while the average sale price is $1,572,125, offering insights into the local housing market. On average, multi-family homes spend 17 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Morro Bay, CA.

Morro Bay Types of Homes for Sale

Morro Bay Real Estate Listings

Morro Bay New Construction Homes

More About Living in Morro Bay

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

San Luis Obispo County Homes for Sale

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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. 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