A high-quality Peninsula duplex with stable income, minimal expense drag, and clearly defined long-term upside.117 N. Delaware Street presents a rare opportunity to acquire a well-located duplex in the heart of San Mateo. The property consists of two large units, each configured as 3 bedrooms and 2.5 bathrooms with garage… Read More parking offering strong fundamentals for both owner-occupiers and long-term investors. With tenants in place for over 20 years, the asset provides stable in-place income and a clear path for predictable rent growth under California rent control guidelines. The property currently generates $7,610 per month ($91,320 annually), with a highly efficient expense. Market rents for comparable units are estimated at approximately $4,500+ per month, indicating meaningful long-term upside. At market levels, the property would generate approximately $108,000. Generous layouts, strong rental demand and a desirable unit mix support long-term growth and income optimization. Don't miss this rare opportunity whether as an investment or a property you could occupy! Read Less
Courtesy of Gilmartin Group, Tim Gilmartin 650-348-2020
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Square Ft.
4,165
Lot Size
0.13 Acres
Year Built
1990
MLS Number
ML82043896
30 Days Snapshot Of 94401
$1.12M
-22%
(avg) sold price
21
+90%
homes sold
27
+170%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5750.00, Max Area Units: Square Feet
Unit One
3 bedrooms in unit 1, Unit 1 rent: $3,760
Unit Two
3 bedrooms in unit 2, Unit 2 rent: $3,850
Accessibility Features
None
Building
Built in 1990, 2 building units, 1 building, 4,165 structure square feet
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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