Six-Unit Apartment Building with
For Sale
$2,750,000
N Amphlett, San Mateo, CA 94401
ResidentialIncome, SanMateo, CA
Property Size4,586 SF
Lot Size0.10 Acres
Price / SF$599.65
Days on Market337
Property Features for N Amphlett
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R40000
Parking
6
Parking features
Garage
Elementary school
SanMateoFosterCityElementary
High school
SanMateoUnionHigh
Elementary school district
SanMateoFosterCityElementary
High school district
SanMateoUnionHigh
Subdivision
BowieEstateEtc
Standard status
Active
APN
033-033-010
Size
4,586 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1958
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Dan Lyons · License #01848586
(650) 892-2736
Added: Nov 18, 2025
Changed: Oct 21
Last Checked: Oct 21 at 10:06AM
MLS# ML82027893
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.
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains 4,586 square feet of building area on a 0.099-acre lot. The unit mix comprises five one-bedroom, one-bathroom apartments of approximately 600 square feet each and one two-bedroom, one-bathroom apartment. Interior improvements include updated kitchens, bathrooms, flooring, and fixtures. Each residence has a detached, enclosed garage. Built in 1958, the building has electric heat and public water and sewer service.
The property is in San Mateo, with access to Highway 101, downtown, Caltrain, shopping, and dining. Its R40000 zoning is identified in the property information.
The property is in San Mateo, with access to Highway 101, downtown, Caltrain, shopping, and dining. Its R40000 zoning is identified in the property information.
Key Highlights
- Six residential units: five one‑bedroom, one‑bathroom units and one two‑bedroom, one‑bathroom unit
- Five one‑bedroom apartments are approximately 600 square feet each
- 4,586‑square‑foot building on a 0.099‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,515
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,300
$2.1M
Cap Rate 7%
$1,478,786
$1.5M
Cap Rate 9%
$1,150,167
$1.2M
Market Conditions
NOI Build-Up for 4,586 SF
Gross rent
$198.1K $43.20/SF
− Vacancy
−$9.9K −$2.16/SF
EGI
$188.2K $41.04/SF
− OpEx
−$84.7K −$18.47/SF
NOI
$103.5K $22.57/SF
Area
San Mateo, CA
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,300
Cap Rate 7%
$1,478,786
Cap Rate 9%
$1,150,167
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,515 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,970 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 94401, CA
35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled residences include private enclosed garage space for each unit.
Where is this apartment building located?
The property is located at N Amphlett San Mateo, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Six residential units: five one‑bedroom, one‑bathroom units and one two‑bedroom, one‑bathroom unit; Five one‑bedroom apartments are approximately 600 square feet each; 4,586‑square‑foot building on a 0.099‑acre lot
