Two-Unit Duplex with Private
110-112 Wheeler Avenue Redwood City, CA 94061
For Sale
$1,998,000
Well-maintained duplex offering two updated 2-bedroom units, each with private outdoor space and attached garages.
Property Size3,248 SF
Price / SF$615.15
Days on Market12
Property Features for 110-112 Wheeler Avenue
General Information
- Standard status
- Active
- Size
- 3,248 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing Agency:
Sequoia Realty Services
(650) 771-0656
Listed By:
Gregory Garcia · License #01009536
(650) 771-0656
Source:
Exitrealty
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 24 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sequoia Realty Services
Investment Insights
Based on property information with market context.
This well-maintained duplex features two updated 2-bedroom, 1.5-bath units. Each unit includes private yard space and an attached garage, with one side offering a two-car garage and the other a one-car garage. Interior highlights include updated kitchens with stone countertops, shaker-style cabinetry, and stainless-steel appliances, along with spacious living rooms featuring hardwood flooring and cozy fireplaces. Upstairs, both residences have two generously sized bedrooms and a full bathroom with a shower-over-tub configuration. Additional amenities include central forced-air heating and dual-pane windows, plus off-street parking.
The property is located in a Redwood City neighborhood near shopping, dining, transportation, and downtown Redwood City.
As a duplex configuration with separate private outdoor areas, attached garage parking, and updated interiors, it is suited for both investment use and owner-occupant scenarios.
The property is located in a Redwood City neighborhood near shopping, dining, transportation, and downtown Redwood City.
As a duplex configuration with separate private outdoor areas, attached garage parking, and updated interiors, it is suited for both investment use and owner-occupant scenarios.
Key Highlights
- 1965‑built duplex with two updated 2‑bedroom, 1.5‑bath units
- Each unit has its own private yard for outdoor space
- Updated kitchens feature stone countertops, shaker‑style cabinetry, and stainless‑steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.2k | $44.40 |
| − Vacancy | −$9.4k | −$2.89 |
| EGI | $134.8k | $41.51 |
| − OpEx | −$40.5k | −$12.45 |
| NOI | $94.4k | $29.06 |
3,248 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,386 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,401 @ 7.0% cap · market cap 4.42%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,595 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex offering two updated 2-bedroom units, each with private outdoor space and attached garages.
Where is this duplex located?
The property is located at 110-112 Wheeler Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 1965‑built duplex with two updated 2‑bedroom, 1.5‑bath units; Each unit has its own private yard for outdoor space; Updated kitchens feature stone countertops, shaker‑style cabinetry, and stainless‑steel appliances
