117 N Delaware St San Mateo, CA 94401
North Central NeighborhoodEstimated payment $12,135/month
Total Views
20,862
6
Beds
4
Baths
4,165
Sq Ft
$451
Price per Sq Ft
Highlights
- 4 Car Attached Garage
- Tile Flooring
- 4-minute walk to Martin Luther King Community Park
- Highlands Elementary School Rated A-
- Forced Air Heating System
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 miss this rare opportunity whether as an investment or a property you could occupy!
Property Details
Home Type
- Multi-Family
Year Built
- 1990
Parking
- 4 Car Attached Garage
- 2 Carport Spaces
- On-Street Parking
Home Design
- Duplex
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,165 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Tile
- Vinyl
Utilities
- Forced Air Heating System
Listing and Financial Details
Community Details
Overview
Building Details
- 2 Leased Units
- Insurance Expense $2,689
- Utility Expense $6,629
- Operating Expense $35,157
- Gross Income $91,320
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,901 | $1,799,128 | $944,134 | $854,994 |
| 2023 | $25,901 | $1,729,272 | $907,476 | $821,796 |
| 2022 | $25,495 | $1,695,366 | $889,683 | $805,683 |
| 2021 | $22,386 | $1,528,732 | $777,366 | $751,366 |
| 2020 | $20,382 | $1,428,618 | $714,309 | $714,309 |
| 2019 | $19,991 | $1,400,606 | $700,303 | $700,303 |
| 2018 | $18,878 | $1,373,144 | $686,572 | $686,572 |
| 2017 | $20,147 | $1,346,220 | $673,110 | $673,110 |
| 2016 | $18,665 | $1,319,824 | $659,912 | $659,912 |
| 2015 | $17,089 | $1,300,000 | $650,000 | $650,000 |
| 2014 | $9,943 | $697,874 | $322,671 | $375,203 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2026 05/29/26 | Pending | -- | -- | -- |
| 04/21/2026 04/21/26 | For Sale | $1,880,000 | -- | $451 / Sq Ft |
Source: MLSListings
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $357,500 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $440,000 | None Available | |
| Grant Deed | -- | None Available | |
| Gift Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
About the Listing Agent
Tim Gilmartin has been a top selling Real Estate Agent in San Mateo County since 1983. Tim has represented buyers and sellers on all types of properties including single-family owner-occupied homes, small to large apartment buildings, retail, and industrial and office properties. Tim holds the designation as a Certified Commercial Investment Member (CCIM) of the National Association of Realtors. Tim served as president of the Northern California Chapter of the Commercial Investment Real Estate
Timothy's Other Listings
Source: MLSListings
MLS Number: ML82043896
APN: 032-304-080
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