Vacant Duplex with Private
For Sale
$1,828,000
Pending
1519 Hawes CT, Redwood City, CA 94061
Two separate residences offer distinct living areas, private outdoor spaces, and attached garage parking.
Property Size3,092 SF
Days on Market10
Property Features for 1519 Hawes CT
General Information
Standard status
Pending
Size
3,092 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,332
Building Details
Building Size
3,092 SF
Year Built
1966
Buildings
1
Listing Agency:
NuTerra Real Estate Group
(650) 208-7846
Listed By:
Jeri Richardson-Daines · License #01461819
(650) 208-7846
Source:
Lynnnorth
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 24 at 11:14AM
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 NuTerra Real Estate Group
Investment Insights
Based on property information with market context.
This vacant duplex, built in 1966, comprises two residences with separate layouts and private outdoor areas. The rear unit includes 3 bedrooms and 2 bathrooms, an eat-in kitchen, living room with fireplace, newly installed carpeting, a backyard with deck, and an attached two-car garage with washer and dryer. The front unit provides 2 bedrooms and 1 bathroom, hardwood flooring, a kitchen-adjacent dining area, sliding-door access to a private side patio, and an attached one-car garage with washer and dryer.
The units share only the garage walls, creating separation between the residences. Both garages provide dedicated parking and laundry equipment, while the combination of patios, a deck, and varied interior finishes gives each unit its own functional character.
The units share only the garage walls, creating separation between the residences. Both garages provide dedicated parking and laundry equipment, while the combination of patios, a deck, and varied interior finishes gives each unit its own functional character.
Key Highlights
- Vacant duplex with two separate residences
- Rear unit has 3 bedrooms, 2 bathrooms, fireplace, backyard deck, and attached two‑car garage
- Front unit includes 2 bedrooms, 1 bathroom, hardwood floors, and private side patio
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
$89,853
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
4.92%
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%
$1,797,060
$1.8M
Cap Rate 7%
$1,283,614
$1.3M
Cap Rate 9%
$998,367
$998.4K
Market Conditions
NOI Build-Up for 3,092 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
$137.3K $44.40/SF
− Vacancy
−$8.9K −$2.89/SF
EGI
$128.4K $41.51/SF
− OpEx
−$38.5K −$12.45/SF
NOI
$89.9K $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%
$1,797,060
Cap Rate 7%
$1,283,614
Cap Rate 9%
$998,367
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,853 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,155 @ 7.0% cap · market cap 4.60%
Theoretical Best
Warehouse
$2.46M
$2.15M – $2.87M
NOI $171,921 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
867
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 - Two separate residences offer distinct living areas, private outdoor spaces, and attached garage parking.
Where is this duplex located?
The property is located at 1519 Hawes CT Redwood City, CA.
What is the asking price?
The asking price for this property is $1,828,000.
What are key features of this property?
This property features: Vacant duplex with two separate residences; Rear unit has 3 bedrooms, 2 bathrooms, fireplace, backyard deck, and attached two‑car garage; Front unit includes 2 bedrooms, 1 bathroom, hardwood floors, and private side patio
