117 N Delaware Street, San Mateo, CA 94401

San Mateo
Local realty services provided by:ERA North Orange County Real Estate
117 N Delaware Street,San Mateo, CA 94401
$1,880,000
  • - Beds
  • - Baths
  • 4,165 sq. ft.
  • Multi-family
  • Active
Listed by: tim gilmartin, kathryn gerhardt
Office: gilmartin group650-348-2020
MLS#:ML82043896
Source:CRMLS

Price summary

  • Price:$1,880,000
  • Price per sq. ft.:$451.38

About this home

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 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...

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Home facts

  • Year built:1990
  • Listing ID #:ML82043896
  • Added:1 day(s) ago
  • Updated:April 23, 2026 at 01:32 PM

Rooms and interior

  • Flooring:Carpet, Tile
  • Living area:4,165 sq. ft.

Heating and cooling

  • Heating:Central Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1990
  • Building area:4,165 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,880,000
  • Price per sq. ft.:$451.38
  • Tax amount:$25,839

Parking

  • Total parking spaces:2
  • Parking description:2 Carport Space(s), Carport
  • Garage:Yes
  • Garage spaces:4
  • Carport spaces:2
Based on information from California Regional Multiple Listing Service, Inc. as of April 23, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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