Updated Duplex with Two Single-Car
New
For Sale
$1,735,000
3201-3203 Hoover Street, Redwood City, CA 94063
Updated two-unit duplex with central heating and A/C, dual-pane windows, and private single-car garages with in-unit washer/dryer.
Property Size2,313 SF
Price / SF$750.11
Days on Market4
Property Features for 3201-3203 Hoover Street
General Information
Standard status
Active
Size
2,313 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Amenities
central heating and A/C
dual-pane windows
quartz countertops
updated cabinetry
washer/dryer
mature trees
privacy trees
backyard with fruit trees
hardscaped side yard
Building Details
Year Built
1953
Buildings
1
Tenancy
Multi
Listing Agency:
The Agency
(650) 930-7956
Listed By:
Linda Wang · License #01703792
(650) 930-7956
Source:
Exitrealty
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 2:42AM
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 The Agency
Investment Insights
Based on property information with market context.
This updated duplex features a total of 2,313 SF and two 2-bedroom, 1-bath units, each remodeled with modern finishes. Both homes offer bright, open living spaces with luxury vinyl flooring and dual-pane windows. Upgrades include central heating and A/C, fresh interior and exterior paint, and stylish kitchens with quartz countertops, full-height tile backsplashes, tile flooring, and updated cabinetry. Each unit includes a designer bathroom with newer vanities and a shower-over-tub combination.
Each unit has its own private single-car garage and a washer/dryer, adding convenience and privacy. The property sits on a corner lot with mature trees in the front yard, privacy trees along the side fence, and outdoor space that includes fruit trees in the backyard and a low-maintenance hardscaped side yard for the second unit.
Built in 1953, the duplex is located near Hwy 101, downtown Redwood City, Caltrain, and major employers including Meta, Google, Microsoft, and Snowflake, with Stanford University also nearby.
Each unit has its own private single-car garage and a washer/dryer, adding convenience and privacy. The property sits on a corner lot with mature trees in the front yard, privacy trees along the side fence, and outdoor space that includes fruit trees in the backyard and a low-maintenance hardscaped side yard for the second unit.
Built in 1953, the duplex is located near Hwy 101, downtown Redwood City, Caltrain, and major employers including Meta, Google, Microsoft, and Snowflake, with Stanford University also nearby.
Key Highlights
- 2,313 SF updated duplex with two remodeled 2‑bedroom, 1‑bath units
- Dual‑pane windows, luxury vinyl flooring, and fresh interior and exterior paint
- Central heating and A/C in both units
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 | $102.7k | $44.40 |
| − Vacancy | −$6.7k | −$2.89 |
| EGI | $96.0k | $41.51 |
| − OpEx | −$28.8k | −$12.45 |
| NOI | $67.2k | $29.06 |
2,313 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$960.2K
$840.2K – $1.12M
NOI $67,215 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$899.3K
$786.9K – $1.05M
NOI $62,953 @ 7.0% cap · market cap 3.63%
Theoretical Best
Warehouse
$1.84M
$1.61M – $2.14M
NOI $128,607 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit duplex with central heating and A/C, dual-pane windows, and private single-car garages with in-unit washer/dryer.
Where is this duplex located?
The property is located at 3201-3203 Hoover Street Redwood City, CA.
What is the asking price?
The asking price for this property is $1,735,000.
What are key features of this property?
This property features: 2,313 SF updated duplex with two remodeled 2‑bedroom, 1‑bath units; Dual‑pane windows, luxury vinyl flooring, and fresh interior and exterior paint; Central heating and A/C in both units
