Duplex with Two Separate
2973 Fair Oaks AVE, Redwood City, CA 94063
For Sale
New
$1,698,000
Two distinct homes share one parcel, with separate living space and a private yard at the rear residence.
Property Size2,003 SF
Days on Market5
Property Features for 2973 Fair Oaks AVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Bayshore Realtors Inc.
Listed By:
Carlos Barba · License CA #01046955
(650) 303-7813
Source:
Johnpaye
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:35PM
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 Bayshore Realtors Inc.
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Investment Insights
Based on property information with market context.
This duplex property brings together two independent residences on a single parcel. The front home has two bedrooms and one bathroom, with recently refreshed interior paint and new carpeting. At the rear, a residence built in 2017 offers approximately 1,103 square feet, two bedrooms, two bathrooms, and a private yard. A three-car garage serves the rear home and provides enclosed parking or storage space.
Key Highlights
- Two independent residences occupy one lot
- Front residence has 2 bedrooms and 1 bathroom, with new interior paint and carpeting
- Rear residence, built in 2017, measures approximately 1,103 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,207
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,140
$1.2M
Cap Rate 7%
$831,529
$831.5K
Cap Rate 9%
$646,744
$646.7K
Market Conditions
NOI Build-Up for 2,003 SF
Gross rent
$88.9K $44.40/SF
− Vacancy
−$5.8K −$2.89/SF
EGI
$83.2K $41.51/SF
− OpEx
−$24.9K −$12.45/SF
NOI
$58.2K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,140
Cap Rate 7%
$831,529
Cap Rate 9%
$646,744
Alternative Uses
Best Use
Multifamily LT 5
$831.5K
$727.6K – $970.1K
NOI $58,207 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$778.8K
$681.5K – $908.6K
NOI $54,516 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,461 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,119
Businesses Nearby
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Business Placement
Demographics for 94063, CA
35,836
Population
12,162
Households
2.9
Avg Household Size
34
Median Age
35%
College-Educated
74%
High-School Grad
6.5 sq mi
ZIP Area
5,513
Density / Sq Mi
$115,528
Median Household Income
$50,960
Median Earnings
$2,802
Median Rent
$1,077,100
Median Home Value
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Market
Properties on Market for Duplexes in Redwood City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct homes share one parcel, with separate living space and a private yard at the rear residence.
Where is this duplex located?
The property is located at 2973 Fair Oaks AVE Redwood City, CA.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Two independent residences occupy one lot; Front residence has 2 bedrooms and 1 bathroom, with new interior paint and carpeting; Rear residence, built in 2017, measures approximately 1,103 square feet
