Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redwood City Corner Duplex Title is generated by Realmo AI

    REDWOOD CITY, Redwood City 94061

    View on Map
    Claim this Listing
    For Sale
    $1,498,000

    MULTI_FAMILY - REDWOOD CITY

    Property size:
    2,073 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $722/SF
    Added:
    Apr 17, 2026
    Days on Market:
    37
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for REDWOOD CITY

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R20000
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
    Parking
    1
    Parking features
    Carport, Garage - Attached
    Standard status
    Active
    Size
    2,073 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central, Forced Air
    Cooling system
    Central Air, Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1957
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Luis Vasquez

    Listing agent Luis Vasquez License #02083319

    Listing office KW Advisors 1430 Howard Avenue, Burlingame, CA

    Listing date Apr 17, 2026

    MLS# ML82041916 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

    • Corner duplex ideal for owner‑occupants or investors.
    • Each unit has 2 bedrooms, 1 bathroom, living room, kitchen, and 1‑car garage access.
    • Refinished hardwood floors and new kitchen flooring.
    • Large backyard for outdoor living and entertaining.
    • Convenient location near El Camino Real, Woodside Rd (Route 84), Red Morton Park, shopping, schools, and downtown amenities.
    • Separately metered for gas and electricity.

    Overview

    This well-maintained corner duplex in Redwood City presents an opportunity for both investors and homeowners. Each of the two units includes 2 bedrooms and 1 bathroom, a spacious living room, a fully-equipped kitchen, and interior access to a 1-car garage. The property features refinished hardwood floors and new kitchen flooring. The large backyard provides space for outdoor activities. Located near El Camino Real and Woodside Rd (Route 84), with an additional site address of 590 Geneva Ave, the duplex spans 2,073 square feet according to tax records. The property is separately metered for gas and electricity. This duplex is suited for owner-occupants looking to offset their mortgage with rental income or for investors seeking a high-performing asset. Situated blocks from Red Morton Park and minutes from shopping, schools, and downtown amenities, it has a proven rental history and is located in a stable investment neighborhood. The zoning is R20000. The lot size is 0.1574 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Redwood City
    County
    San Mateo
    State
    Longitude
    -122.225491
    Latitude
    37.471

    Nearby Similar for Sale

    • $2,150,000
      5,972 SF

      Redwood City Four-Unit Building

      Large four-unit building near Redwood City's expanding downtown.
      REDWOOD CITY, 94063
      View Details
    • $2,349,000
      3,013 SF

      Redwood City Multi-Family Property

      Two-unit property ideal for investors or multi-generational living.
      Redwood City, 94061
      View Details
    • $1,500,000
      2,010 SF

      Redwood City Multifamily Investment

      Multifamily property in Redwood City's Friendly Acres neighborhood.
      REDWOOD CITY, 94063
      View Details
    • $150,000

      Redwood City Retail Opportunity

      Established beauty salon for sale in Redwood City.
      REDWOOD CITY, 94063
      View Details
    • $600,000

      Redwood City Child Care Facility

      Existing child care facility with capacity for 57 children.
      REDWOOD CITY, 94061
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming duplex in Redwood City, ideal for investors/homeowners.
    Where is this duplex located?
    The property is located at REDWOOD CITY Redwood City.
    What is the asking price?
    The asking price for this property is $1,498,000.
    What are key features of this property?
    This property features: Corner duplex ideal for owner‑occupants or investors.; Each unit has 2 bedrooms, 1 bathroom, living room, kitchen, and 1‑car garage access.; **Refinished hardwood floors and new kitchen flooring.**
    (650) 200-8722
    We can help!
    Listing Contact
    Luis Vasquez
    Real Estate License ID: 02083319
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    REDWOOD CITY, 94061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!