Renovated Triplex with Private
462 Waverley ST, Menlo Park, CA 94025
For Sale
New
$3,480,000
Each residence has in-home laundry, and the property includes furnishings with the sale.
Property Size3,421 SF
Days on Market7
Property Features for 462 Waverley ST
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-home washer & dryer
private yard
Building Details
Building Size
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
Compass
Listed By:
Matthew Thomson · License CA #01471708
(650) 515-6555
Source:
Lynnnorth
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 3:20PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1952 triplex contains three furnished residences, each with its own in-home washer and dryer. The owner-occupied unit has a 2+1 layout and a private yard; the second-floor residence is also configured as 2+1, while the front unit is 1+1. Interior and exterior renovations were completed in 2025/2026, along with electrical upgrades and a new roof installed in October 2026. The units have no shared walls, and all furnishings are included in the sale.
The property is on a tree-lined street in Menlo Park’s Linfield Oaks neighborhood. Burgess Park is less than a 500-foot walk away. Menlo Park and Palo Alto Caltrain stations, downtown Menlo Park, downtown Palo Alto, and the nearest edge of Stanford campus are each less than a mile away by foot or bicycle.
The property is on a tree-lined street in Menlo Park’s Linfield Oaks neighborhood. Burgess Park is less than a 500-foot walk away. Menlo Park and Palo Alto Caltrain stations, downtown Menlo Park, downtown Palo Alto, and the nearest edge of Stanford campus are each less than a mile away by foot or bicycle.
Key Highlights
- Three residences: two 2+1 units and one 1+1 unit
- Owner‑occupied residence includes a private yard
- Interior and exterior renovations completed in 2025/2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,414
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,988,280
$2.0M
Cap Rate 7%
$1,420,200
$1.4M
Cap Rate 9%
$1,104,600
$1.1M
Market Conditions
NOI Build-Up for 3,421 SF
Gross rent
$151.9K $44.40/SF
− Vacancy
−$9.9K −$2.89/SF
EGI
$142.0K $41.51/SF
− OpEx
−$42.6K −$12.45/SF
NOI
$99.4K $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%
$1,988,280
Cap Rate 7%
$1,420,200
Cap Rate 9%
$1,104,600
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,414 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,110 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$2.09M
$1.82M – $2.43M
NOI $145,963 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,867
Businesses Nearby
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Business Placement
Demographics for 94025, CA
42,354
Population
16,259
Households
2.6
Avg Household Size
39
Median Age
73%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
5,042
Density / Sq Mi
$215,871
Median Household Income
$98,160
Median Earnings
$3,169
Median Rent
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in San Mateo County, CA
Properties on Market for Triplexes in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has in-home laundry, and the property includes furnishings with the sale.
Where is this triplex located?
The property is located at 462 Waverley ST Menlo Park, CA.
What is the asking price?
The asking price for this property is $3,480,000.
What are key features of this property?
This property features: Three residences: two 2+1 units and one 1+1 unit; Owner‑occupied residence includes a private yard; Interior and exterior renovations completed in 2025/2026
