Duplex with Private
110112 Wheeler Avenue Redwood City, CA 94061
110112 Wheeler Avenue, Redwood City, CA, 94061
$1,998,000
For Sale
$1,998,000
Well-maintained duplex offers two updated two-bedroom units, each with its own private yard, plus attached garages and off-street parking.
Property Size3,248 SF
Price / SF$615.15
Days on Market9
Property Features for 110112 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 Updated: Jul 21 at 12:17AM Checked: Jul 21 at 5:43AM
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 includes two updated 2-bedroom, 1.5-bath residences, each with its own private yard. Both units feature updated kitchens with stone countertops, shaker-style cabinetry, and stainless-steel appliances. Living rooms have hardwood flooring and fireplaces, and upstairs each unit includes two generously sized bedrooms and a full bathroom with a shower-over-tub configuration.
One unit provides an attached two-car garage, while the other includes an attached one-car garage. The property also offers central forced-air heating, dual-pane windows, and additional off-street parking.
Located in a Redwood City neighborhood near shopping, dining, transportation, and downtown, the duplex is positioned for investor or owner-occupant use with strong day-to-day rental appeal.
One unit provides an attached two-car garage, while the other includes an attached one-car garage. The property also offers central forced-air heating, dual-pane windows, and additional off-street parking.
Located in a Redwood City neighborhood near shopping, dining, transportation, and downtown, the duplex is positioned for investor or owner-occupant use with strong day-to-day rental appeal.
Key Highlights
- Well‑maintained duplex built in 1965 with two updated 2‑bedroom, 1.5‑bath units.
- Each unit has its own private yard for outdoor space.
- Garages: one unit has an attached two‑car garage; the other has an attached one‑car garage, plus additional off‑street parking.
Local 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
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two updated two-bedroom units, each with its own private yard, plus attached garages and off-street parking.
Where is this duplex located?
The property is located at 110112 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: Well‑maintained duplex built in 1965 with two updated 2‑bedroom, 1.5‑bath units.; Each unit has its own private yard for outdoor space.; Garages: one unit has an attached two‑car garage; the other has an attached one‑car garage, plus additional off‑street parking.
