5085 Alamo Avenue, Atascadero, California 93422, Atascadero, 93422 - 6 bed, 6 bath

5085 Alamo Avenue
Atascadero, California 93422
Property Price
SUMMARY
Analysis of 5085 Alamo Avenue, Atascadero, California 93422 is currently available with a list price of $995,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Atascadero Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1984, this triplex is well-maintained and move-in ready, but it retains many original or older features. The kitchens and bathrooms show dated oak cabinetry, older appliances, and standard finishes consistent with a property that has not undergone a major modern renovation in the last 15-30 years.
PROSSTRENGTHS & OPPORTUNITIES
- Individual Utility Metering
The property is equipped with separate water, electric, and gas meters for each unit, significantly reducing owner expenses and simplifying utility management for the landlord.
- High-Demand Unit Features
Each 1,200 sq. ft. unit offers a premium layout with two bedrooms, two bathrooms, indoor laundry, and private fenced patios, features that typically command higher rents and attract long-term tenants.
- Strategic Location
Ideally situated near local schools and minutes from downtown Atascadero, the property benefits from a high walkability factor to shopping and dining, ensuring consistent rental demand.
CONSRISKS & DEFICIENCIES
- Limited Garage Utility
The units feature half-car garages designed primarily for storage, which may be a drawback for tenants requiring secure, full-sized vehicle parking.
- Aging Infrastructure
Built in 1984, the property may soon require capital expenditures for major systems or cosmetic updates to maintain its competitive edge against newer multi-family developments.
About 5085 Alamo Avenue
Exceptional triplex investment opportunity in the heart of Atascadero! This well-maintained property features three spacious 1,200 square foot units, each offering two bedrooms, two bathrooms, a cozy living room fireplace, indoor laundry, and a half-car garage perfect for storage. Each unit also includes a charming fenced back patio, providing private outdoor space for tenants to relax and enjoy. The property offers ample off-street parking and is ideally situated near local schools and just minutes from downtown Atascadero, shopping, dining, and parks. A rare and valuable feature, the triplex is equipped with three separate water meters, three electric meters, and three gas meters, making management and utility tracking simple and efficient. With strong rental demand in a desirable location, this property presents an outstanding opportunity for investors or owner-occupants alike. Don’t miss your chance to own this exceptional income-producing property in one of Atascadero’s most convenient and sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1984
- Lot Size
- 9,100 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 2.5 | 75% |
| Baths | 6.0 | 2.5 | 75% |
| Square foot | 3,600 | 2,557.5 | 50% |
| Lot Size | 9,100 | 5,961.5 | 50% |
| Price | $995.0K | $757.5K | 50% |
| Price per sq ft | $276 | $340 | 25% |
| Built year | 1984 | 1995 | 50% |
| HOA | $0 | $50 | 50% |
| Days on market | 129 | 189 | 25% |
Pricing History
Listed for Sale
Feb 25, 2026
$995,000
Initial Listing
Price Change
Oct 29, 2025
$1,099,000
Initial Listing
Sold
May 13, 2016
$588,000
Public Record
Sold
Jun 16, 2009
$394,000
Public Record
Sold
Apr 7, 2000
$225,000
Public Record


































