Fremont Fourplex with Airbnb Potential

43238 Starr St, Fremont, CA 94539

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For Sale

$2,688,000

Spacious, upgraded fourplex in Fremont, ideal for short-term rentals.

Type:Investment

Property size:

6,652 SF

Lot size:

0.21 Acres

Price / SF:

$404/SF

HighLights

Turn‑key 4plex generating approximately $17K/month gross income as a high‑performing Airbnb
Unique unit mix: two 4‑Bed/2‑Bath units and two 3‑Bed/2‑Bath units
Fully upgraded units feature updated flooring, appliances, kitchens, and bathrooms
Includes solar panels for energy efficiency
Located in a high‑demand residential area of Fremont near major employment hubs
Sale includes all furniture and fixtures for a seamless transition

We can help!

Listing Contact

Will Riley

Learn more

For Sale

$2,688,000

Spacious, upgraded fourplex in Fremont, ideal for short-term rentals.

Type:Investment

Property size:

6,652 SF

Lot size:

0.21 Acres

Price / SF:

$404/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:48 pm

Property Features for 43238 Starr St

General Information

Standard status: Active
Size: 6,652 SF
Lot size: 0.21 Acres
Property subtype: Investment

Building Details

Year Built: 1970

We can help!

Listing Contact

Will Riley

Listing agent Will Riley

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Will Riley

HighLights

Turn‑key 4plex generating approximately $17K/month gross income as a high‑performing Airbnb
Unique unit mix: two 4‑Bed/2‑Bath units and two 3‑Bed/2‑Bath units
Fully upgraded units feature updated flooring, appliances, kitchens, and bathrooms
Includes solar panels for energy efficiency
Located in a high‑demand residential area of Fremont near major employment hubs
Sale includes all furniture and fixtures for a seamless transition

Overview

This expansive fourplex, built in 1970, is located in a residential neighborhood of Fremont. The property encompasses 6,652 square feet on a 0.21-acre lot, featuring a unit mix of two 4-bed/2-bath units and two 3-bed/2-bath units. The property is delivered in turn-key condition, with all units upgraded and fully occupied as Airbnb rentals. Capital improvements include solar panels for efficiency and updated flooring, appliances, kitchens, and bathrooms. The asset is currently operated as a high-performing Airbnb, averaging approximately $17K per month in gross income. There is potential to increase room rates and rent the premium host suite which features a private bath, large private patio, and separate entrance. Located in a quiet, high-demand residential pocket of Fremont near major East Bay employment hubs, this property offers a desirable investment with immediate cash flow and upside. The sale includes all furniture and fixtures for a seamless transition of operations. The location has a bike score of 53, indicating it is bikeable, a walk score of 73, indicating it is very walkable, and a transit score of 33, indicating some transit options are available.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$203.6k	$30.60
− Vacancy	−$8.5k	−$1.28
EGI	$195.0k	$29.32
− OpEx	−$58.5k	−$8.80
NOI	$136.5k	$20.52

6,652 SF · lease $30.60/SF/yr · vacancy 4.18% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.95M

$1.71M – $2.28M (±1% cap)

NOI $136,530 @ 7.0% cap · market cap 5.08%

Second Best

Apartment 5plus

$1.70M

$1.48M – $1.98M (±1% cap)

NOI $118,779 @ 7.0% cap · market cap 4.42%

Theoretical Best

Office A

$4.12M

$3.60M – $4.80M (±1% cap)

NOI $288,228 @ 7.0% cap · market cap 10.72%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Hobbs Apts Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Fremont
County: Alameda
State: California
Longitude: -121.9238966
Latitude: 37.5339563

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For sale
Quadplexes
CA
Fremont
94539
43238 Starr St

What type of property is this?

Quadplex - Spacious, upgraded fourplex in Fremont, ideal for short-term rentals.

Where is this quadplex located?

The property is located at 43238 Starr St Fremont, CA.

What is the asking price?

The asking price for this property is $2,688,000.

What are key features of this property?

This property features: Turn‑key 4plex generating approximately $17K/month gross income as a high‑performing Airbnb; Unique unit mix: two 4‑Bed/2‑Bath units and two 3‑Bed/2‑Bath units; Fully upgraded units feature updated flooring, appliances, kitchens, and bathrooms