117 N Delaware Street, San Mateo, CA 94401
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117 N Delaware Street, San Mateo, CA 94401
117 N Delaware Street, San Mateo, CA 94401
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Theresa Solon

Theresa Solon

+1(707) 334-9186
Listed by Tim Gilmartin • Gilmartin Group
$ 1,880,000
Est. payment /mo
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117 N Delaware Street San Mateo, CA 94401

4,165 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,165 sqft

Price per Sqft $451

MLS Listing ID ML82043896

HOA Y/N No

Year Built 1990

Lot Size 5,750 Sqft

Property Sub-Type Duplex

Source Datashare MLSListings

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

Interior

Heating Forced Air

Cooling No Air Conditioning

Flooring Tile

Fireplace No

Schools

School District San Mateo Union High, San Mateo-Foster City Elementary

Bay East Association of Realtors
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Theresa Solon

Theresa Solon

REALTOR | CA DRE# 01436657

+1(707) 334-9186

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