Triplex with Detached
New
For Sale
$1,650,000
22218 Prospect ST, Hayward, CA 94541
Two residences are vacant, providing flexibility for occupancy or rental use.
Property Size3,424 SF
Lot Size0.20 Acres
Days on Market6
Property Features for 22218 Prospect ST
General Information
Standard status
Active
Size
3,424 SF
Lot size
0.20 Acres
Property subtype
Triplex
Site & Location
Neighborhood
North Hayward
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
3,424 SF
Year Built
1940
Buildings
3
Listing Agency:
CENTURY 21 Masters
Listed By:
Ramez Tabri · License #02050993
(650) 773-7165
Source:
Johnpaye
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 25 at 2:51AM
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 CENTURY 21 Masters
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Investment Insights
Based on property information with market context.
Three detached residences make up this residential property on an approximately 8,800-square-foot lot. The homes include a three-bedroom, one-bath residence, a two-bedroom, one-bath residence, and a permitted detached accessory dwelling unit with two bedrooms and one bath. The accessory unit is newly constructed.
Two of the residences are currently vacant; the third is not identified as vacant. The property is in Hayward, near downtown, shopping, dining, public transportation, and major commuter routes.
Two of the residences are currently vacant; the third is not identified as vacant. The property is in Hayward, near downtown, shopping, dining, public transportation, and major commuter routes.
Key Highlights
- Three detached residential structures on an approximately 8,800‑square‑foot lot
- Unit mix includes one three‑bedroom, one‑bath home and two two‑bedroom, one‑bath residences
- Detached ADU is newly constructed and permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,820
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,400
$1.5M
Cap Rate 7%
$1,054,571
$1.1M
Cap Rate 9%
$820,222
$820.2K
Market Conditions
NOI Build-Up for 3,424 SF
Gross rent
$110.9K $32.40/SF
− Vacancy
−$5.5K −$1.60/SF
EGI
$105.5K $30.80/SF
− OpEx
−$31.6K −$9.24/SF
NOI
$73.8K $21.56/SF
Area
Hayward, CA
Vacancy
4.94%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,400
Cap Rate 7%
$1,054,571
Cap Rate 9%
$820,222
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$922.8K – $1.23M
NOI $73,820 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$948.7K
$830.2K – $1.11M
NOI $66,412 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.06M
$926.1K – $1.23M
NOI $74,090 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,200
Businesses Nearby
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Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences are vacant, providing flexibility for occupancy or rental use.
Where is this triplex located?
The property is located at 22218 Prospect ST Hayward, 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: Three detached residential structures on an approximately 8,800‑square‑foot lot; Unit mix includes one three‑bedroom, one‑bath home and two two‑bedroom, one‑bath residences; Detached ADU is newly constructed and permitted
