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    San Mateo, CA Multifamily Properties for Sale

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    Duplex With Attached Garages
    Updated: Aug 13
    Duplex With Attached Garages

    143145 N N. Humboldt Street, San Mateo, CA 94401

    $1,780,000
    4,008 sqft
    Two 3‑bedroom, 2.5‑bath units
    Attached one‑car garage for each unit
    Private driveway parking
    Large rear yard with potential for an ADU or future expansion, subject to City of San Mateo verification
    Built in 1986
    View details
    Duplex with Two Attached Garages
    Updated: Jun 28
    Duplex with Two Attached Garages

    109 Hobart Ave, San Mateo, CA 94402

    $2,450,000
    3,686 sqft 0.20 AC lot
    Duplex property on an 8,752 SF lot; originally constructed in 1948.
    Gross building size of 3,686 SF with three‑bedroom floor plans in each unit.
    Each unit has separate utility metering for flexible multifamily or owner‑user operation.
    Two attached car garages plus a patio and a spacious backyard.
    Within one mile of San Mateo Central Park and Downtown San Mateo.
    View details
    6-Unit Apartment Building
    6-Unit Apartment Building

    19 Th Ave, San Mateo, CA 94402

    $2,500,000
    5,624 sqft

    Upper residences include decks, while lower units provide private patio yards.

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    Two-Bedroom Duplex Investment Property
    Two-Bedroom Duplex Investment Property

    4 Warren Rd, San Mateo, CA 94401

    $2,280,000
    3,450 sqft 0.16 AC lot

    Duplex with two-bedroom floor plans near downtown amenities and regional transportation connections.

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    San Mateo Multifamily Investment Opportunity
    San Mateo Multifamily Investment Opportunity

    1504 Claremont Street, San Mateo, CA 94402

    $2,980,000
    5,911 sqft 0.24 AC lot

    8-unit apartment community in San Mateo, near downtown and transportation.

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    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    109 Hobart Avenue, San Mateo, CA 94402

    $2,526,000
    3,686 sqft

    Central forced air and a private rear outdoor area support comfortable residential occupancy.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    911 Seville Way, San Mateo, CA 94402

    $1,650,000
    1,720 sqft

    Two-unit residential property near Downtown San Mateo with regional highway access.

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    Multifamily Apartment Property
    Multifamily Apartment Property

    16 West Bellevue Avenue, San Mateo, CA 94402

    $3,650,000
    3,856 sqft

    R4-zoned multifamily property in San Mateo, built in 1947.

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    Updated Duplex
    Updated Duplex

    1228 Maple ST, San Mateo, CA 94402

    $1,895,000
    2,356 sqft

    The front residence has refreshed kitchen and bath finishes, and both homes include laundry rooms and one-car garages.

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    Mixed-Use Building With Retail
    Mixed-Use Building With Retail

    201-203 S Delaware Street, San Mateo, CA 94401

    Contact for pricing
    5,075 sqft 0.13 AC lot

    Two street-facing retail spaces complement two upstairs apartments in a manageable mixed-use configuration.

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    Occupied Fourplex With Covered Parking
    Occupied Fourplex With Covered Parking

    414 E 16th AVE, San Mateo, CA 94402

    $1,900,000

    Two-story San Mateo asset with studio and one-bedroom units, on-site laundry, and dual-paned windows.

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    Duplex with Separate Meters
    Duplex with Separate Meters

    San Mateo, CA 94401

    $1,650,000
    0.15 AC lot

    Two spacious residences offer flexible owner-use and rental-income potential, with private garages and in-unit laundry.

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    Quadplex with Private Outdoor Space
    Quadplex with Private Outdoor Space

    444 Villa TER, San Mateo, CA 94401

    $2,495,000
    0.17 AC lot

    Four residences feature two bedrooms, one bath, and individual outdoor areas, with select parking and recent property improvements.

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    Entitled Mixed-Use Development Site
    Entitled Mixed-Use Development Site

    230 South El Camino Real, San Mateo, CA 94402

    Contact for pricing
    0.26 AC lot

    Plans provide for residential units above ground-floor retail, with on-site parking.

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    Renovated 6-Unit Apartment Building
    Renovated 6-Unit Apartment Building

    San Mateo, CA 94402

    $3,600,000

    Mostly updated residences offer home-like layouts, select in-unit laundry, private outdoor areas, and covered and uncovered parking.

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    Single-Level Duplex with Garages
    Single-Level Duplex with Garages

    450-452 State ST, San Mateo, CA 94401

    $1,688,000

    The two residences have separate utility meters and individual washer-dryer sets.

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    Single-Level Duplex with Updated Kitchen
    Single-Level Duplex with Updated Kitchen

    San Mateo, CA 94403

    $1,875,000

    Two residential units feature eat-in kitchens, hardwood flooring, separate utility metering, and an expansive backyard.

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    Traditional Duplex
    Traditional Duplex

    San Mateo, CA 94403

    $2,070,000

    San Mateo duplex with central air, forced-air heating, and off-street assigned parking.

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    Apartment Building with Corner Lot
    Apartment Building with Corner Lot

    San Mateo, CA 94403

    $4,100,000

    Well-maintained apartment building offering eight residential units with room for RV or boat parking.

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    San Mateo Multifamily Investment Opportunity
    San Mateo Multifamily Investment Opportunity

    2001 Parrott Dr, San Mateo, CA 94402

    Contact for pricing

    Multifamily property in San Mateo, open house on 3/13 and 3/18.

    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in San Mateo, CA, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

    Off-Market Properties in San Mateo, CA

    Consider similar Off-Market properties in San Mateo, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1950 Ivy St
    APARTMENT HOUSE (5+ UNITS)

    1950 Ivy St, San Mateo, CA 94403-7310

    Estimated value:
    $1,920,000
    4,428 sqft 0.13 AC lot
    View details
    144 24th Ave
    APARTMENT HOUSE (5+ UNITS)

    144 24th Ave, San Mateo, CA 94403-2289

    Estimated value:
    $425,000
    10,043 sqft 0.31 AC lot
    View details
    1956 Ivy St
    APARTMENT HOUSE (5+ UNITS)

    1956 Ivy St, San Mateo, CA 94403-7311

    Estimated value:
    $120,000
    4,192 sqft 0.13 AC lot
    View details
    52 41st Pl
    APARTMENT HOUSE (5+ UNITS)

    52 41st Pl, San Mateo, CA 94403-4668

    Estimated value:
    $7,000,000
    0.33 AC lot
    View details

    San Mateo, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in San Mateo, CA, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 39,372 square feet of properties for sale, with an estimated market value of $41,089,000.

    Sale prices for multifamily properties in San Mateo, CA start at $1,650,000, averaging $2,417,000, and reaching up to $4,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 11
    Apartment buildings 9
    Quadplexes 4

    Demographics Overview

    Population 141K
    Population Growth (5Y) -1.2%
    Median Household Income $165,615
    College Educated 74.2%

    High-Yield Neighborhoods for Investment

    Identify San Mateo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    94401 $2.5M
    94403 $2.5M
    94402 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.30%
    Property Tax per SF $7.54 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Mateo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in San Mateo County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in San Mateo fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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