Two-Unit Duplex with Detached
For Sale
$2,298,000
Pending
1444 Kentfield Avenue, Redwood City, CA 94061
Updated two-home configuration with separate entrances, private outdoor areas, and finished interiors suited to flexible occupancy.
Property Size2,792 SF
Lot Size0.17 Acres
Days on Market361
Property Features for 1444 Kentfield Avenue
General Information
Standard status
Pending
Size
2,792 SF
Lot size
0.17 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Sprinkler System
Yes
Amenities
slate tile entryway
wood floors
carpeting
modern kitchen with granite countertops
stainless steel appliances
crown moldings
recess lighting
gas fireplace
master walk-in closet
low maintenance landscape
Astroturf lawn
large porch
private backyard
washer/dryer
Building Details
Year Built
2010
Listing Agency:
Terrace Associates
(650) 743-8180
Listed By:
Daniel Joe · License #01309457
(650) 743-8180
Source:
Exitrealty
Added: Sep 4, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:41PM
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 Terrace Associates
Investment Insights
Based on property information with market context.
Completed in 2010, this duplex combines a two-story front residence with a separate rear unit. The primary home offers 3 bedrooms, 2.5 baths, approximately 2,152 square feet, a spacious living room with gas fireplace, and a modern kitchen with granite countertops and stainless steel appliances. Interior finishes include slate tile, wood flooring, carpeting, crown molding, recessed lighting, a walk-in closet, and a whole-house sprinkler system.
The rear unit at 1446 provides approximately 640 square feet in a single-level 1-bedroom, 1-bath layout with its own entrance, large porch, private backyard, washer and dryer, granite countertops, wood flooring, carpeting, and one parking space. The property occupies a 7,367-square-foot lot and also includes a detached two-car garage, paver driveway, and low-maintenance front and rear landscaping with Astroturf.
The rear unit at 1446 provides approximately 640 square feet in a single-level 1-bedroom, 1-bath layout with its own entrance, large porch, private backyard, washer and dryer, granite countertops, wood flooring, carpeting, and one parking space. The property occupies a 7,367-square-foot lot and also includes a detached two-car garage, paver driveway, and low-maintenance front and rear landscaping with Astroturf.
Key Highlights
- Two‑unit duplex completed in 2010
- Primary residence offers 3 bedrooms, 2.5 baths, and approximately 2,152 sq. ft.
- Rear unit at 1446 includes approximately 640 sq.ft. +/- with 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,135
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,622,700
$1.6M
Cap Rate 7%
$1,159,071
$1.2M
Cap Rate 9%
$901,500
$901.5K
Market Conditions
NOI Build-Up for 2,792 SF
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.
Gross rent
$124.0K $44.40/SF
− Vacancy
−$8.1K −$2.89/SF
EGI
$115.9K $41.51/SF
− OpEx
−$34.8K −$12.45/SF
NOI
$81.1K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,622,700
Cap Rate 7%
$1,159,071
Cap Rate 9%
$901,500
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,135 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$1.09M
$949.9K – $1.27M
NOI $75,990 @ 7.0% cap · market cap 3.31%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,240 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 94061, CA
36,704
Population
14,122
Households
2.6
Avg Household Size
38
Median Age
51%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
9,411
Density / Sq Mi
$141,599
Median Household Income
$66,388
Median Earnings
$2,818
Median Rent
$1,938,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-home configuration with separate entrances, private outdoor areas, and finished interiors suited to flexible occupancy.
Where is this duplex located?
The property is located at 1444 Kentfield Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2010; Primary residence offers 3 bedrooms, 2.5 baths, and approximately 2,152 sq. ft.; Rear unit at 1446 includes approximately 640 sq.ft. +/- with 1 bedroom and 1 bath
