Duplex with Finished
For Sale
$1,200,000
344 Buckeye Street Redwood, Redwood City, CA 94063
Two-unit property combines flexible room layouts, separate laundry space, and finished interior areas.
Property Size1,921 SF
Days on Market160
Property Features for 344 Buckeye Street Redwood
General Information
Standard status
Active
Size
1,921 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
Forced Air
Dishwasher
Exhaust Fan
Garbage Disposal
Hood Over Range
Oven Range - Gas
Refrigerator
Washer/Dryer - Some Units
Public Utilities, Water - Public, Individual Gas Meters, Composition
Building Details
Building Size
1,921 SF
Year Built
1925
Buildings
1
Listing Agency:
Coldwell Banker Realty
(650) 218-8040
Listed By:
Liza Vernazza · License #00993753
(650) 218-8040
Source:
Kw
Added: Mar 27
Changed: Aug 31
Last Checked: Sep 1 at 4:19PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1925, this duplex includes a two-bedroom, two-bath main residence with hardwood floors, crown molding, recessed lighting, and an eat-in kitchen equipped with granite countertops. A partitioned area within the living room provides additional room for office or bedroom use. The unit also includes a finished attic for storage and a separate laundry/mud room.
The one-bedroom, one-bath second residence features an eat-in kitchen, wood flooring, fresh paint, and an adjoining garage that has been finished as additional living space. The property has public water and utilities with individual gas meters, plus a composition exterior. Located at 344 Buckeye Street, it is within walking distance of downtown Redwood City and surrounded by vintage homes.
The one-bedroom, one-bath second residence features an eat-in kitchen, wood flooring, fresh paint, and an adjoining garage that has been finished as additional living space. The property has public water and utilities with individual gas meters, plus a composition exterior. Located at 344 Buckeye Street, it is within walking distance of downtown Redwood City and surrounded by vintage homes.
Key Highlights
- Main unit offers 2 bedrooms, 2 full baths, hardwood floors, granite kitchen counters, and flexible living‑room space
- Second unit includes 1 bedroom, 1 bath, an eat‑in kitchen, wood flooring, and fresh paint
- Adjacent garage assigned to the second unit is finished as additional living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,824
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,116,480
$1.1M
Cap Rate 7%
$797,486
$797.5K
Cap Rate 9%
$620,267
$620.3K
Market Conditions
NOI Build-Up for 1,921 SF
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.
Gross rent
$85.3K $44.40/SF
− Vacancy
−$5.5K −$2.89/SF
EGI
$79.7K $41.51/SF
− OpEx
−$23.9K −$12.45/SF
NOI
$55.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,116,480
Cap Rate 7%
$797,486
Cap Rate 9%
$620,267
Alternative Uses
Best Use
Multifamily LT 5
$797.5K
$697.8K – $930.4K
NOI $55,824 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$746.9K
$653.6K – $871.4K
NOI $52,284 @ 7.0% cap · market cap 4.36%
Theoretical Best
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,811 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,713
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 - Two-unit property combines flexible room layouts, separate laundry space, and finished interior areas.
Where is this duplex located?
The property is located at 344 Buckeye Street Redwood Redwood City, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Main unit offers 2 bedrooms, 2 full baths, hardwood floors, granite kitchen counters, and flexible living‑room space; Second unit includes 1 bedroom, 1 bath, an eat‑in kitchen, wood flooring, and fresh paint; Adjacent garage assigned to the second unit is finished as additional living space
