Ten-Unit Walk-Up Apartment
200 Waverley Street Menlo Menlo Park, CA 94025
For Sale
$6,500,000
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 Market40
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
Building Details
Year Built
1958
Listing Agency:
Alain Pinel Realtors
(650) 678-1110
Listed By:
Gregory Terry · License #00957651
(650) 678-1110
Source:
Kw
Added: Jun 20
Changed: Jul 27
Last Checked: Jul 28 at 2:03PM
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
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 For Apartment 5plus
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 | $685.9k | $52.20 |
| − Vacancy | −$35.7k | −$2.71 |
| EGI | $650.2k | $49.49 |
| − OpEx | −$292.6k | −$22.27 |
| NOI | $357.6k | $27.22 |
13,139 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
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.
Property Analytics
Location Intelligence
Current Use
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
