Updated
For Sale
$1,895,000
Pending
1228 Maple ST, San Mateo, CA 94402
The front residence has refreshed kitchen and bath finishes, and both homes include laundry rooms and one-car garages.
Property Size2,356 SF
Days on Market13
Property Features for 1228 Maple ST
General Information
Standard status
Pending
Size
2,356 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,225
Building Details
Building Size
2,356 SF
Year Built
1959
Buildings
1
Listing Agency:
Switzer Goldau & Associates
Listed By:
Stuart Yoxsimer · License #01347904
(650) 342-4314
Source:
Johnpaye
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 12 at 11:58PM
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 Switzer Goldau & Associates
Investment Insights
Based on property information with market context.
Built in 1959, this duplex contains 2,356 square feet across two units. The front unit has updated kitchen cabinetry, stainless steel appliances, quartz counters, a renovated full bath, and an additional half bath. Hardwood flooring is found in the rear unit, while the front unit has vinyl flooring.
Each residence has a separate laundry room with a washer and dryer, plus a one-car garage; the front garage is attached. Both units have forced-air heat, and air conditioning is installed in the front unit. Shopping, dining, and freeway access are nearby.
Each residence has a separate laundry room with a washer and dryer, plus a one-car garage; the front garage is attached. Both units have forced-air heat, and air conditioning is installed in the front unit. Shopping, dining, and freeway access are nearby.
Key Highlights
- 2,356 square feet across two units
- Built in 1959
- Front unit includes updated kitchen, full bath, and an additional half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,911
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
$1.2M
Cap Rate 7%
$841,586
$841.6K
Cap Rate 9%
$654,567
$654.6K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$89.1K $37.80/SF
− Vacancy
−$4.9K −$2.08/SF
EGI
$84.2K $35.72/SF
− OpEx
−$25.2K −$10.72/SF
NOI
$58.9K $25.00/SF
Area
San Mateo, CA
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
Cap Rate 7%
$841,586
Cap Rate 9%
$654,567
Alternative Uses
Best Use
Multifamily LT 5
$841.6K
$736.4K – $981.9K
NOI $58,911 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$759.7K
$664.8K – $886.3K
NOI $53,180 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$931.8K
$815.4K – $1.09M
NOI $65,229 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 94402, CA
25,879
Population
10,623
Households
2.4
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
5,074
Density / Sq Mi
$179,683
Median Household Income
$104,257
Median Earnings
$3,476
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - The front residence has refreshed kitchen and bath finishes, and both homes include laundry rooms and one-car garages.
Where is this duplex located?
The property is located at 1228 Maple ST San Mateo, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 2,356 square feet across two units; Built in 1959; Front unit includes updated kitchen, full bath, and an additional half bath
