Hayward Multifamily Property for Sale

257 Poplar Ave, Hayward, CA 94541

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For Sale

$4,185,000

Well-maintained 12-unit apartment community in high-demand East Bay rental market.

Type:Investment

Property size:

13,397 SF

Lot size:

0.56 Acres

Price / SF:

$312/SF

HighLights

Well‑maintained 12‑unit apartment community in high‑demand East Bay rental market.
SB 721 compliant.
Generous 24,600 SF lot (.56 acres).
Balanced mix of 1-, 2-, and 3- bedroom floor plans.
Owned solar for master electric.
Over $125,000 in recent updates including fresh exterior paint, upgraded balconies and railings.

We can help!

Listing Contact

Theodore Booras

Learn more

For Sale

$4,185,000

Well-maintained 12-unit apartment community in high-demand East Bay rental market.

Type:Investment

Property size:

13,397 SF

Lot size:

0.56 Acres

Price / SF:

$312/SF

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 5:48 pm

Property Features for 257 Poplar Ave

General Information

Standard status: Active
Size: 13,397 SF
Lot size: 0.56 Acres
Property subtype: Investment

Building Details

Year Built: 1974

We can help!

Listing Contact

Theodore Booras

Listing agent Theodore Booras

Listing office UNITED APARTMENT GROUP

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 UNITED APARTMENT GROUP

HighLights

Well‑maintained 12‑unit apartment community in high‑demand East Bay rental market.
SB 721 compliant.
Generous 24,600 SF lot (.56 acres).
Balanced mix of 1-, 2-, and 3- bedroom floor plans.
Owned solar for master electric.
Over $125,000 in recent updates including fresh exterior paint, upgraded balconies and railings.

Overview

This is a well-maintained, SB 721 compliant 12-unit apartment community located in unincorporated Hayward within the high-demand East Bay rental market. Constructed in 1974, the property is situated on a 24,600 square foot lot (0.56 acres) and comprises 13,397 square feet of building area. The unit mix includes a balanced variety of one, two, and three-bedroom floor plans. The property features owned solar panels for the master electric system and shared laundry facilities. Recent updates totaling over $125,000 include fresh exterior paint and upgraded balconies and railings. The location has a bike score of 59, indicating it is bikeable, a walk score of 50, indicating car-dependent, and a transit score of 48, indicating some transit options are available.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$498.4k	$37.20
− Vacancy	−$25.9k	−$1.93
EGI	$472.5k	$35.27
− OpEx	−$212.6k	−$15.87
NOI	$259.8k	$19.40

13,397 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$3.71M

$3.25M – $4.33M (±1% cap)

NOI $259,849 @ 7.0% cap · market cap 6.21%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.14M

$3.62M – $4.83M (±1% cap)

NOI $289,890 @ 7.0% cap · market cap 6.93%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Hayward
County: Alameda
State: California
Longitude: -122.0998029
Latitude: 37.6714824

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For sale
Apartment buildings
CA
Hayward
94541
257 Poplar Ave

What type of property is this?

Apartment building - Well-maintained 12-unit apartment community in high-demand East Bay rental market.

Where is this apartment building located?

The property is located at 257 Poplar Ave Hayward, CA.

What is the asking price?

The asking price for this property is $4,185,000.

What are key features of this property?

This property features: Well‑maintained 12‑unit apartment community in high‑demand East Bay rental market.; SB 721 compliant.; Generous 24,600 SF lot (.56 acres).