Triplex with Private
1148 Saint Francis Street Redwood City, CA 94061
1148 Saint Francis Street, Redwood City, CA, 94061
$1,499,000
Pending
For Sale
$1,499,000
Pending
Triplex with front two-bedroom home plus two back units, each featuring granite counters, stainless appliances, and shared garage laundry.
Property Size2,410 SF
Days on Market349
Property Features for 1148 Saint Francis Street
General Information
- Standard status
- Pending
- Size
- 2,410 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1922
Listing agency
Alta Realty Group CA
(888) 504-5327
Listed by
Annie F. Baker · License #01831701
Source
Exitrealty
Added: Aug 9, 2025 Updated: Jul 22 at 6:18PM Checked: Jul 22 at 6:18PM
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 Alta Realty Group CA
Investment Insights
Based on property information with market context.
This improved triplex offers three separate residential units arranged for flexibility. The front house is a single-family home with two bedrooms and one bathroom, a living area with natural light, a laundry room, and views of the lawn and apple trees. The back area includes a two-car garage and two additional units: an upper unit with two bedrooms and one bathroom, and a lower studio with a full kitchen and a front patio. A private fenced patio is located at the rear of the front house.
All units feature granite counters and stainless steel appliances. For the back units, there is a shared laundry set located in one of the garages.
The property is positioned in the Palm Haven neighborhood, surrounded by single-family homes, and is listed as minutes from downtown Redwood City with nearby access to Starbucks, restaurants, shopping, and Highways 101 and 280.
All units feature granite counters and stainless steel appliances. For the back units, there is a shared laundry set located in one of the garages.
The property is positioned in the Palm Haven neighborhood, surrounded by single-family homes, and is listed as minutes from downtown Redwood City with nearby access to Starbucks, restaurants, shopping, and Highways 101 and 280.
Key Highlights
- Triplex with a separate front single‑family home plus two back units
- Front home: 2 bed/1 bath with laundry room and private fenced patio
- Back units include one spacious 2 bed/1 bath upper unit and a studio lower unit with full kitchen and front patio
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 | $107.0k | $44.40 |
| − Vacancy | −$7.0k | −$2.89 |
| EGI | $100.0k | $41.51 |
| − OpEx | −$30.0k | −$12.45 |
| NOI | $70.0k | $29.06 |
2,410 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.4K – $1.17M
NOI $70,034 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$937.0K
$819.9K – $1.09M
NOI $65,593 @ 7.0% cap · market cap 4.38%
Theoretical Best
Warehouse
$1.91M
$1.68M – $2.23M
NOI $134,000 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with front two-bedroom home plus two back units, each featuring granite counters, stainless appliances, and shared garage laundry.
Where is this triplex located?
The property is located at 1148 Saint Francis Street Redwood City, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Triplex with a separate front single‑family home plus two back units; Front home: 2 bed/1 bath with laundry room and private fenced patio; Back units include one spacious 2 bed/1 bath upper unit and a studio lower unit with full kitchen and front patio
