901 Fifteenth Avenue Redwood City, CA 94063
Duplex offering two two-bedroom, one-bath units, each with a one-car garage, plus additional outdoor parking and yard space.
Property Features for 901 Fifteenth Avenue
General Information
- Standard status
- Active
- Size
- 2,090 SF
- Lot size
- 7,707.00 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing office Yellow Dog Real Estate (650) 868-5779
Listing date Jun 22, 2026
Source Exitrealty
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Investment Insights
Based on property information with market context.
The property sits on a 7,707 square-foot lot and is within walking distance to Marsh Manor shopping center, where Delucchi’s is noted for grocery shopping, along with a local pub, restaurants, and outdoor entertainment in summer months.
With two similar-sized homes on one parcel, this property supports an owner-occupant setup while also offering the option to rent the other side. The location is described as close to major employment centers and access points, including Meta and Stanford, as well as downtown Redwood City, Palo Alto, and Menlo Park.
Key Highlights
- Duplex built in 1958 with two 2‑bed, 1‑bath units
- Each unit has over 1,000 sq ft of living space
- Each side includes a one‑car garage plus additional outdoor parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.8k | $44.40 |
| − Vacancy | −$6.0k | −$2.89 |
| EGI | $86.8k | $41.51 |
| − OpEx | −$26.0k | −$12.45 |
| NOI | $60.7k | $29.06 |
