Two-Unit
437 Wessex WAY, Belmont, CA 94002
For Sale
$1,200,000
Each residence offers two bedrooms and one bathroom, with updating needs noted for both units.
Property Size1,952 SF
Days on Market12
Property Features for 437 Wessex WAY
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Holly Noto · License CA #01244498
(650) 544-6185
Source:
Johnpaye
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 1:55PM
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
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Investment Insights
Based on property information with market context.
Built in 1953, the duplex contains two residences, each with two bedrooms, one bathroom and approximately 975 square feet. Both units may need updating, and the property is being sold as-is.
The property is in Belmont’s Sterling Downs neighborhood, near shopping, parks, transportation and major commute routes. It is within the Belmont-Redwood Shores School District.
The property is in Belmont’s Sterling Downs neighborhood, near shopping, parks, transportation and major commute routes. It is within the Belmont-Redwood Shores School District.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 975 square feet per unit
- Both residences may need updating; sale is as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,725
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,500
$1.1M
Cap Rate 7%
$810,357
$810.4K
Cap Rate 9%
$630,278
$630.3K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$86.7K $44.40/SF
− Vacancy
−$5.6K −$2.89/SF
EGI
$81.0K $41.51/SF
− OpEx
−$24.3K −$12.45/SF
NOI
$56.7K $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%
$1,134,500
Cap Rate 7%
$810,357
Cap Rate 9%
$630,278
Alternative Uses
Best Use
Multifamily LT 5
$810.4K
$709.1K – $945.4K
NOI $56,725 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$759.0K
$664.1K – $885.5K
NOI $53,128 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,285 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
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Business Placement
Demographics for 94002, CA
28,513
Population
11,307
Households
2.5
Avg Household Size
40
Median Age
69%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
5,092
Density / Sq Mi
$204,573
Median Household Income
$120,322
Median Earnings
$2,889
Median Rent
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in San Mateo County, CA
Properties on Market for Duplexes in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with updating needs noted for both units.
Where is this duplex located?
The property is located at 437 Wessex WAY Belmont, 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: Two units, each with 2 bedrooms and 1 bathroom; Approximately 975 square feet per unit; Both residences may need updating; sale is as‑is
