Ten-Unit Walk-Up Apartment
For Sale
$6,500,000
200 Waverley Street Menlo, Menlo Park, CA 94025
Ten-unit, two-story walk-up building with exterior unit entrances and enclosed parking.
Property Size13,139 SF
Lot Size0.29 Acres
Price / SF$494.71
Days on Market132
Property Features for 200 Waverley Street Menlo
General Information
Standard status
Active
Size
13,139 SF
Lot size
0.29 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
10
Amenities
Central Forced Air - Gas
Cooktop - Electric
Dishwasher
Exhaust Fan
Garbage Disposal
Hood Over Range
Oven - Electric
Oven Range
Natural Gas Available, Water - Public, Composition
Building Details
Year Built
1958
Stories
2
Tenancy
Multi
Listing Agency:
Alain Pinel Realtors
Listed By:
Gregory Terry · License #00957651
(650) 678-1110
Source:
Kw
Added: Jun 19
Changed: Oct 27
Last Checked: Oct 26 at 9:02PM
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 Alain Pinel Realtors
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Investment Insights
Based on property information with market context.
This 10-unit multifamily apartment building was built in 1958 and is described as a two-story, “U” shaped structure in one contiguous building. The property is a walk-up style with exterior entrances to the units and a single enclosed parking area.
The unit mix is 8 one-bedroom, one-bath units and 2 two-bedroom, two-bath units. The two two-bedroom units were conjoined by the current owners at purchase and have been occupied by them since that time. The owner unit has been updated and renovated.
According to the provided data, the parcel size is 12,750 sf and the total building size is 13,139 sf. The property is located at 200 Waverley Street in Menlo Park, CA 94025.
The unit mix is 8 one-bedroom, one-bath units and 2 two-bedroom, two-bath units. The two two-bedroom units were conjoined by the current owners at purchase and have been occupied by them since that time. The owner unit has been updated and renovated.
According to the provided data, the parcel size is 12,750 sf and the total building size is 13,139 sf. The property is located at 200 Waverley Street in Menlo Park, CA 94025.
Key Highlights
- 10‑unit multifamily apartment building in Menlo Park (two‑story, “U” shaped, one contiguous building)
- Unit mix: 8 one bed/one bath units and 2 two bed/two bath units
- Walk‑up style with exterior entrances to units and a single enclosed parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$357,605
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,152,100
$7.2M
Cap Rate 7%
$5,108,643
$5.1M
Cap Rate 9%
$3,973,389
$4.0M
Market Conditions
NOI Build-Up for 13,139 SF
Gross rent
$685.9K $52.20/SF
− Vacancy
−$35.7K −$2.71/SF
EGI
$650.2K $49.49/SF
− OpEx
−$292.6K −$22.27/SF
NOI
$357.6K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,152,100
Cap Rate 7%
$5,108,643
Cap Rate 9%
$3,973,389
Alternative Uses
Best Use
Apartment 5plus
$5.11M
$4.47M – $5.96M
NOI $357,605 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.44M
$9.13M – $12.18M
NOI $730,552 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,051
Businesses Nearby
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Business Placement
Demographics for 94025, CA
42,354
Population
16,259
Households
2.6
Avg Household Size
39
Median Age
73%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
5,042
Density / Sq Mi
$215,871
Median Household Income
$98,160
Median Earnings
$3,169
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit, two-story walk-up building with exterior unit entrances and enclosed parking.
Where is this apartment building located?
The property is located at 200 Waverley Street Menlo Menlo Park, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 10‑unit multifamily apartment building in Menlo Park (two‑story, “U” shaped, one contiguous building); Unit mix: 8 one bed/one bath units and 2 two bed/two bath units; Walk‑up style with exterior entrances to units and a single enclosed parking area
