Introducing "Railhouse Cottage" —a rare opportunity in the heart of San Luis Obispo. With an R-2 zoning this lot allows for two single-family residences, making it perfect for investors, developers, or those looking to create a multi-generational living setup. Located in the desirable Railroad District, just blocks from Downtown and directly across from Mitchell Park, this 2-bedroom, 1-bath bungalow sits on a prime lot with endless potential. Live in the existing home while you plan your second residence, or explore building two new homes from the ground up. Enjoy unbeatable walkability — minutes to the Thursday Night Farmers’ Market, the SLO Food Co-op, local coffee shops, restaurants, and more. Whether you’re looking to build, invest, or simply enjoy all that San Luis Obispo has to offer, this is a property that checks all the boxes.