Redwood City Four-Unit
REDWOOD CITY, Redwood City 94063
MULTI_FAMILY - REDWOOD CITY
Property size:
5,972 SFLot size:
0.19 AcresPrice / SF:
$360/SF- Added:
- May 7, 2026
- Days on Market:
- 17
- Last Refresh:
- May 23 at 1:06 pm
Property Features for REDWOOD CITY
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R40000
- Bedrooms
- 7
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 7, Laundry Room, Bedroom 1, Bedroom 3
- Parking
- 8
- Parking features
- Off Street, Garage - Detached
- Security features
- Security
- Appliances
- Countertop - Tile, Exhaust Fan, Oven Range - Electric, Refrigerator
- Standard status
- Active
- Size
- 5,972 SF
- Lot size
- 0.19 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1979
- Number of units
- 4
- Flooring type
- Tile, Laminate, Carpet
- Building materials
- Wood Frame
Listing agent Alex Lehr License #00867442 (650) 766-5300
Listing office Guide Real Estate 1641 Laurel St, San Carlos, CA (650) 766-5300
Listing date May 7, 2026
MLS# ML82046305
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
- Walking distance to Redwood City's downtown expansion.
- Four units with independent two‑car garages and private courtyards.
- Well‑maintained building owned by the same family for many years.
- Mix of unit sizes: two 2‑bed/2‑bath, one 2‑bed/1‑bath, and one 1‑bed/1‑bath.
- Low‑maintenance units ideal for investment or owner‑occupancy.
- Corner lot location with ample off‑street parking.
Overview
This well-maintained four-unit building is located within walking distance of the expanding downtown area of Redwood City. The property features four units, each with an independent two-car garage and a private courtyard. Two of the units are large two-bedroom, two-bath apartments. A third unit offers two bedrooms and one bath, while the fourth unit consists of one bedroom and one bath. Situated on a corner lot, the property provides ample off-street parking in front of each of the two-car garages. The building is zoned R40000 and is suitable for multifamily or residential income purposes. The lot size is 0.1853 acres, and the property size is 5972 square feet. The units are described as low maintenance and practically self-managing, making this property an attractive investment opportunity.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.93M
NOI $173,545 @ 9.00% cap · cautious / downside scenario
Moderate
$2.48M
NOI $173,545 @ 7.00% cap · market / base-case scenario
Aggressive
$3.47M
NOI $173,545 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.2k | $44.40 |
| − Vacancy | −$17.2k | −$2.89 |
| EGI | $247.9k | $41.51 |
| − OpEx | −$74.4k | −$12.45 |
| NOI | $173.5k | $29.06 |
5,972 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$2.48M
$2.17M – $2.89M
NOI $173,545 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$2.32M
$2.03M – $2.71M
NOI $162,540 @ 7.0% cap · market cap 7.56%
Theoretical Best
Warehouse
$4.74M
$4.15M – $5.53M
NOI $332,054 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Redwood City
- County
- San Mateo
- State
- Longitude
- -122.223927
- Latitude
- 37.481387
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Large four-unit building near Redwood City's expanding downtown.
Where is this quadplex located?
The property is located at REDWOOD CITY Redwood City.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Walking distance to Redwood City's downtown expansion.; Four units with **independent two‑car garages and private courtyards.**; Well‑maintained building owned by the same family for many years.
