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Redwood City Four-Unit Apartment Property

545 Hampshire Ave, Redwood City, CA 94063

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For Sale

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Four-unit apartment in Redwood City with attractive unit mix.

Type:Multifamily

Property size:

3,200 SF

Price / SF:

$508/SF

HighLights

Prime Redwood City location on the Peninsula, near major employers, transit, and downtown amenities.
Attractive unit mix: one 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath units.
Offered at a low price point for a fourplex in the Bay Area.
Nearly 5% cap rate with current income.
Ability to secure attractive residential financing.
Stable asset with strong long‑term upside potential.

We can help!

Contact an agent

Eymon Binesh

For Sale

Contact for pricing

Four-unit apartment in Redwood City with attractive unit mix.

Type:Multifamily

Property size:

3,200 SF

Price / SF:

$508/SF

Added:: Mar 10, 2026
Days on Market:: 118
Last Refresh:: Mar 19 at 10:29 pm

Property Features for 545 Hampshire Ave

General Information

Standard status: Active
Size: 3,200 SF
Property subtype: Multifamily

Building Details

Year Built: 1962

We can help!

Contact an agent

Eymon Binesh

Listing office Marcus & Millichap - Palo Alto

Listing date Mar 10, 2026

Source Crexi

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 Marcus & Millichap - Palo Alto

HighLights

Prime Redwood City location on the Peninsula, near major employers, transit, and downtown amenities.
Attractive unit mix: one 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath units.
Offered at a low price point for a fourplex in the Bay Area.
Nearly 5% cap rate with current income.
Ability to secure attractive residential financing.
Stable asset with strong long‑term upside potential.

Overview

Located in the heart of Redwood City, 545 Hampshire Avenue is a four-unit apartment property situated on the Peninsula. The property features a unit mix of one two-bedroom/one-bath unit and three one-bedroom/one-bath units. The property is positioned in a commuter-friendly location near major employers, transit, and downtown Redwood City amenities. This property offers investors a stable Peninsula asset.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$142.1k	$44.40
− Vacancy	−$9.2k	−$2.89
EGI	$132.8k	$41.51
− OpEx	−$39.9k	−$12.45
NOI	$93.0k	$29.06

3,200 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,991 @ 7.0% cap · market cap 5.71%

Second Best

Apartment 5plus

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,095 @ 7.0% cap · market cap 5.35%

Theoretical Best

Warehouse

$2.54M

$2.22M – $2.97M (±1% cap)

NOI $177,926 @ 7.0% cap · market cap 10.93%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Redwood City
County: San Mateo
State: California
Longitude: -122.208165
Latitude: 37.477749

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For sale
Quadplexes
CA
Redwood City
94063
545 Hampshire Ave

What type of property is this?

Quadplex - Four-unit apartment in Redwood City with attractive unit mix.

Where is this quadplex located?

The property is located at 545 Hampshire Ave Redwood City, CA.

What is the asking price?

The asking price for this property is $1,628,000.

What are key features of this property?

This property features: Prime Redwood City location on the Peninsula, near major employers, transit, and downtown amenities.; Attractive unit mix: one 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath units.; Offered at a low price point for a fourplex in the Bay Area.

545 Hampshire Ave, Redwood City, CA 94063

Four-unit apartment in Redwood City with attractive unit mix.

Property Features for 545 Hampshire Ave

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Unit Quadplex With Courtyard

Specialty Property For Sale

Quadplex Residential Income Property

Duplex for Owner-Occupant or Investor

Two-Unit Duplex with Garages

Beauty Salon Retail Storefront

Redwood City Redevelopment Opportunity

Redwood City Retail Opportunity

Child Care Pre-School Facility

Mixed-Use Apartment & Restaurant Building

Turnkey Triplex in Redwood City

Mixed-Use Retail and Office Building

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