245 17th, Paso Robles, California 93446, Paso Robles, 93446 - 3 bed, 3 bath
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245 17th
Paso Robles, California 93446
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,500Sq Ft
8,587Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$680,603
24% AboveMARKET VALUE
SUMMARY
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $849,000—positioned well above the $680,604 Fair Market Value. While the property requires capital for modernization due to its Fair Condition Rating (4/10), the 8,587 sqft lot and Dual-Income Potential provide significant long-term value. The asset offers a strategic entry into the Paso Robles market for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs in a high-demand area.
Estimated Market Value
$680,603
Based on Realkey algorithm analyzing recent comparable sales in Paso Robles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1920, the property shows signs of previous renovations (laminate flooring, pedestal sink, and tub surround) that appear to be over 20 years old. While the units are functional and move-in ready for tenants, the finishes are dated and will require cosmetic updates and likely system inspections due to the overall age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The duplex configuration featuring a 1-bedroom and a 2-bedroom unit offers immediate rental income or a flexible owner-user setup in a high-demand rental market.
- Prime Westside Location
Situated in the desirable PR City Limits West, the property is ideally located near downtown Paso Robles' dining, shopping, and world-class wineries.
- Development Opportunity
The generous 8,587 sqft lot provides significant potential for further expansion or additional development, offering long-term value appreciation for the buyer.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1920, the property may require substantial capital expenditures for modernizing aging systems and structural elements typical of century-old homes.
- High Price Per Square Foot
At nearly $600 per square foot, the listing price represents a premium entry point that may challenge immediate cap rates for traditional investors.
About 245 17th
Situated in a desirable Paso Robles location, this duplex offers a fantastic opportunity for investors, owner-occupants, or those seeking additional rental income. The property features two units, including a 1-bedroom, 1-bath and a 2-bedroom, 2-bath residence, providing flexibility and strong income potential. Located on a generous lot, the property may offer the opportunity for additional development or expansion—buyer to verify all possibilities with the City of Paso Robles. Conveniently close to downtown, shopping, dining, schools, parks, and Paso Robles' world-renowned wineries, this property combines current cash-flow potential with exciting future possibilities. Don't miss this unique investment opportunity in one of the Central Coast's most sought-after communities.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1920
- Lot Size
- 8,587 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,500 | 2,124.6 |
| Lot Size | 8,587 | 7,007.2 |
| Price | $849.0K | $1.01M |
| Price per sq ft | $566 | $475 |
| Built year | 1920 | 1944 |
| HOA | $0 | $75 |
| Days on market | 47 | 126 |
Pricing History
Listed for Sale
Sep 3, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$899,000
Initial Listing