$1,700,000

Estimated payment $9,993/month

Total Views 3,513
5 Beds
4 Baths
3,200 Sq Ft
$531 Price per Sq Ft

Highlights

  • No HOA
  • Sequoia High School Rated A
  • Double Pane Windows

About This Home

Prime Investment Opportunity in Redwood City - 4-Plex with Growth Potential Welcome to 609 Hampshire Ave, a well-located 4-unit multifamily property offering strong fundamentals and long-term upside. Situated directly across from a neighborhood elementary school, this investment provides a desirable location for tenants and consistent demand. The building features three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, each with its own dedicated carport parking. All units are tenant-occupied with long-term renters, providing steady cash flow. Tenants pay their own utilities, while the landlord covers the water, keeping overhead predictable. The roof was replaced over 10 years ago, offering peace of mind for future maintenance planning. With below-market rents and continued demand in the Redwood City rental market, this 4-plex presents a valuable opportunity to increase income over time through updates or turnover. Whether you're a seasoned investor or just getting started, this is an excellent chance to own a stable asset in a high-growth area.

Listing Agent

Donny Piwowarski

Hero Real Estate License #01444374 Listed on: 06/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,762

Year Built

  • Built in 1963

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Quadruplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • Double Pane Windows

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 054-249-260

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Net Lease
  • Operating Expense $8,762

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,762

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Year Built: 1963
  • Number of One Bedroom Units: 3
  • Number of Two Bedroom Units: 1
  • Number Of1 Bedrooms Occupied: 3
  • Number Of2 Bedrooms Occupied: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per Square Foot: 531.25
  • Square Footage: 3200.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Wood
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1700000.00
  • Lot Features: Sidewalk, Shape Regular
  • New Construction: No
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Composition
  • Spa: No
  • View Description: Other

Garage/Parking

  • Carport Spaces: 4.00
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Cooling: Varies by Unit
  • Heating: Wall Furnace
  • Water Source: Public
  • Separate Meters: Gas, Electricity

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Sequoia Union High

Lot Info

  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Lease Type: Net

Multi Family

  • Gross Income: 7800
  • Operating Expense: 8762
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 054-249-260
  • Current RE Taxes: 8762
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Mateo

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $8,762 $207,587 $111,010 $96,577
2023 $8,762 $199,528 $106,700 $92,828
2022 $8,044 $195,616 $104,608 $91,008
2021 $7,903 $191,781 $102,557 $89,224
2020 $7,755 $189,816 $101,506 $88,310
2019 $7,499 $186,095 $99,516 $86,579
2018 $7,008 $182,447 $97,565 $84,882
2017 $6,235 $178,870 $95,652 $83,218
2016 $5,870 $175,364 $93,777 $81,587
2015 $5,641 $172,731 $92,369 $80,362
2014 $5,485 $169,348 $90,560 $78,788
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $1,700,000 -- $531 / Sq Ft
Source: MetroList

Mortgage History

Date Status Loan Amount Loan Type
Closed $177,731 New Conventional
Closed $220,000 Unknown
Source: Public Records

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Source: MetroList

MLS Number: 425052048

MetroList

APN: 054-249-260