117 N Delaware ST, San Mateo, CA 94401
117 N Delaware ST, San Mateo, CA 94401
117 N Delaware ST, San Mateo, CA 94401
7
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Listed by Tim Gilmartin • Gilmartin Group, DRE#00841354
$1,880,000
Est. payment /mo
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6 Beds
4 Baths
4,165 SqFt
Contingent

117 N Delaware ST San Mateo, CA 94401

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Brielle Bariteau

Brielle Bariteau

+1(831) 643-5965

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Contingent

Purchase Type For Sale

Square Footage 4,165 sqft

Price per Sqft $451

MLS Listing ID ML82043896

Bedrooms 6

Full Baths 4

Year Built 1990

Lot Size 5,750 Sqft

Property Sub-Type Duplex

Property Description

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 bathrooms with garage 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!

Location

State CA

County San Mateo

Area Eastern Addition/Downtown Area

Zoning RM0004

Interior

Heating Central Forced Air

Cooling None

Flooring Carpet, Tile, Vinyl / Linoleum

Exterior

Parking Features Attached Garage, Carport , On Street

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Shingle

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 032-304-080

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Brielle Bariteau

Brielle Bariteau

Owner CEO | REALTOR | Certified Property Manager | Certified Transaction Coordinator | License ID: 02081327

+1(831) 643-5965

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