117 N Delaware Street, San Mateo, CA 94401

San Mateo
Local realty services provided by:ERA Excel Realty
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 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:54 day(s) ago
  • Updated:June 15, 2026 at 10:39 AM

Rooms and interior

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

Heating and cooling

  • Heating:Central

Structure and exterior

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

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
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