Four-Unit Residential Income
191 Higdon Avenue Mountain View, CA 94041
New
For Sale
$1,688,000
Updated quadplex with in-unit washers and dryers, plus one designated carport space per unit.
Property Size2,887 SF
Price / SF$584.69
Days on Market5
Property Features for 191 Higdon Avenue
General Information
- Standard status
- Active
- Size
- 2,887 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing Agency:
Davis & Company Realtors
(650) 338-4230
Listed By:
Josh Davis · License #01965341
(650) 338-4230
Source:
Exitrealty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 5:54AM
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 Davis & Company Realtors
Investment Insights
Based on property information with market context.
Built in 1962 and meticulously updated, this four-unit residential income property offers a turnkey configuration for long-term renters. The building is arranged with two ground-floor units featuring 1 bedroom and 1 bathroom each, complemented by two second-floor units with 2 bedrooms and 1 bathroom each. Tenant-friendly features include in-unit washers and dryers, along with one designated carport parking space for every residence. A welcoming front patio adds an additional shared exterior touch.
The property is located moments from downtown Mountain View’s shopping and dining district, supporting convenient everyday access for residents.
Professional management is in place, and the offering is described as having a strong rental history, aligning with an investor-focused acquisition strategy.
The property is located moments from downtown Mountain View’s shopping and dining district, supporting convenient everyday access for residents.
Professional management is in place, and the offering is described as having a strong rental history, aligning with an investor-focused acquisition strategy.
Key Highlights
- Updated four‑unit (quadplex) built in 1962
- Approx. 2,800 SF property with a unit mix of two 1 bed/1 bath and two 2 bed/1 bath
- In‑unit washers and dryers in each residence
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 | $97.0k | $33.60 |
| − Vacancy | −$5.1k | −$1.75 |
| EGI | $91.9k | $31.85 |
| − OpEx | −$27.6k | −$9.55 |
| NOI | $64.4k | $22.29 |
2,887 SF · lease $33.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$919.4K
$804.5K – $1.07M
NOI $64,358 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$783.9K
$686.0K – $914.6K
NOI $54,876 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,005 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Updated quadplex with in-unit washers and dryers, plus one designated carport space per unit.
Where is this quadplex located?
The property is located at 191 Higdon Avenue Mountain View, CA.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: Updated four‑unit (quadplex) built in 1962; Approx. 2,800 SF property with a unit mix of two 1 bed/1 bath and two 2 bed/1 bath; In‑unit washers and dryers in each residence
