Triplex with Private
New
For Sale
$1,650,000
177 Poplar AVE, Redwood City, CA 94061
MULTI_FAMILY - REDWOOD CITY, CA
Property Size4,530 SF
Lot Size0.17 Acres
Price / SF$364.24
Days on Market2
Property Features for 177 Poplar AVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R40000
Bedrooms
7
Rooms
Bedroom 5, Laundry Room, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 4
Parking
2
Parking features
Off Street, Garage - Attached, Assigned
Appliances
Appliances - Vary by Unit
Lot features
Grade - Level
Subdivision
Central Park Etc.
Standard status
Active
Size
4,530 SF
Lot size
0.17 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1978
Number of units
3
Flooring type
Laminate
Building materials
Wood Frame
Roof type
Metal
Listing Agency:
Guide Real Estate
(650) 766-5300
Listed By:
Alex Lehr · License #00867442
(650) 766-5300
Added: Jul 30
Last Checked: Jul 31 at 3:06AM
MLS# ML82056083
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex at 177 Poplar Ave offers three residential units in a wood frame building constructed in 1978. The configuration includes two two-bedroom, one-bath units and one three-bedroom, two-bath unit. Each unit has a private garage, along with parking described as attached garage, assigned, and off-street. Interiors feature laminate flooring, electric heating, and ceiling fan cooling.
The property sits on a 0.1722-acre lot with a reported property size of 4,530 square feet. The roof is metal, and the water source is public. Appliances vary by unit, and the floor plan includes dedicated laundry room space.
Zoned R40000, this is a multi-unit residential property designed to support both owner occupancy options and tenant rental opportunities.
The property sits on a 0.1722-acre lot with a reported property size of 4,530 square feet. The roof is metal, and the water source is public. Appliances vary by unit, and the floor plan includes dedicated laundry room space.
Zoned R40000, this is a multi-unit residential property designed to support both owner occupancy options and tenant rental opportunities.
Key Highlights
- Wood frame triplex built in 1978 with metal roof
- Two two‑bedroom, one‑bath units plus one three‑bedroom, two‑bath unit
- Each unit has a private garage; attached garage, assigned and off‑street parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.1k | $44.40 |
| − Vacancy | −$13.1k | −$2.89 |
| EGI | $188.1k | $41.51 |
| − OpEx | −$56.4k | −$12.45 |
| NOI | $131.6k | $29.06 |
4,530 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.65M – $2.19M
NOI $131,641 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $123,293 @ 7.0% cap · market cap 7.47%
Theoretical Best
Warehouse
$3.60M
$3.15M – $4.20M
NOI $251,876 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,537
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?
Triplex - Triplex in Redwood City zoned R40000, offering two two-bedroom one-bath units and one three-bedroom two-bath unit.
Where is this triplex located?
The property is located at 177 Poplar AVE Redwood City, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Wood frame triplex built in 1978 with metal roof; Two two‑bedroom, one‑bath units plus one three‑bedroom, two‑bath unit; Each unit has a private garage; attached garage, assigned and off‑street parking
