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    Half Moon Bay Duplex Title is generated by Realmo AI

    766 Arnold WAY, Half Moon Bay 94019

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    For Sale
    $1,288,000

    MULTI_FAMILY - Half Moon Bay

    Property size:
    1,908 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $675/SF
    Added:
    May 29, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 1 at 1:06 pm

    Property Features for 766 Arnold WAY

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R30000
    Bedrooms
    3
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 2
    Parking
    3
    Parking features
    Garage - Attached, Assigned, Guest
    Appliances
    Dishwasher, Exhaust Fan, Oven Range - Electric, Pantry, Refrigerator
    Standard status
    Active
    Size
    1,908 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Central, Forced Air, Electric (Heating), Natural Gas

    Building Details

    Year built
    1977
    Number of units
    2
    Building materials
    Wood Frame
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Maryann Ernst

    Listing agent Maryann Ernst License #01758548

    Listing office KW Advisors 1430 Howard Avenue, Burlingame, CA

    Listing date May 29, 2026

    MLS# ML82046673 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Cash flowing duplex within walking distance to downtown Half Moon Bay.
    • Main house featuring 3 beds and 2 baths, fully remodeled 5 years ago.
    • Studio above garage with private yard, storage shed, and in‑unit laundry.
    • Studio recently vacated, offering immediate rental income potential (previous rent $2250/month).
    • Low maintenance property.
    • Total of 5 assigned parking spaces (2 garage, 3 assigned).

    Overview

    This is a wonderfully maintained cash flowing duplex within walking distance of downtown Half Moon Bay. The main house, a 3-bedroom, 2-bath unit, was fully remodeled 5 years ago. It is currently occupied by long-term tenants on a month-to-month lease. The studio above the garage, which has recently been vacated and previously rented for $2250 per month, includes its own yard, storage shed, and laundry with a washer and dryer. Slider doors in both units have been replaced within the last 4 years. The property, zoned R30000, offers a low-maintenance solution for investors. A total of 5 assigned parking spaces are available, with two in the garage and three additional assigned spaces. The property size is 1908 square feet and the lot size is 0.1135 acres. This is an excellent income property opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Half Moon Bay
    County
    San Mateo
    State
    Longitude
    -122.428619
    Latitude
    37.455819

    Nearby Similar for Sale

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    • $1,300,000
      3,834 SF

      Half Moon Bay Triplex Opportunity

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    FAQs

    What type of property is this?
    Duplex - Cash flowing duplex near downtown Half Moon Bay.
    Where is this duplex located?
    The property is located at 766 Arnold WAY Half Moon Bay.
    What is the asking price?
    The asking price for this property is $1,288,000.
    What are key features of this property?
    This property features: Cash flowing duplex within walking distance to downtown Half Moon Bay.; Main house featuring 3 beds and 2 baths, fully remodeled 5 years ago.; Studio above garage with private yard, storage shed, and in‑unit laundry.
    (415) 361-9921
    We can help!
    Listing Contact
    Maryann Ernst
    Real Estate License ID: 01758548
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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