117 N Delaware Street, San Mateo, CA 94401

San Mateo
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
117 N Delaware Street,San Mateo, CA 94401
$1,880,000
  • - Beds
  • - Baths
  • 4,165 sq. ft.
  • Multi-family
  • Active
Listed by: tim gilmartin, kathryn gerhardt
Office: gilmartin group
MLS#:ML82043896
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,880,000
  • Price per sq. ft.:$451.38

About this home

A high-quality Peninsula duplex with stable income, minimal expense drag, and clearly defined long-term upside.117 N. Delaware Street presents a rare opportunity to acquire a well-located duplex in the heart of San Mateo. The property consists of two large units, each configured as 3 bedrooms and 2 bathrooms with garage parking offering strong fundamentals for both owner-occupiers and long-term investors. With tenants in place for over 20 years, the asset provides stable in-place income and a clear path for predictable rent growth under California rent control guidelines. The property currently generates $7,610 per month ($91,320 annually), with a highly efficient expense. Market rents for comparable units are estimated at approximately $4,500+ per month, indicating meaningful long-term upside. At market levels, the property would generate approximately $108,000. Generous layouts, strong rental demand and a desirable unit mix support long-term growth and income optimization. Don't...

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Home facts

  • Year built:1990
  • Listing ID #:ML82043896
  • Added:3 day(s) ago
  • Updated:April 25, 2026 at 04:59 AM

Rooms and interior

  • Flooring:Tile
  • Living area:4,165 sq. ft.

Heating and cooling

  • Cooling:No Air Conditioning
  • Heating:Forced Air

Structure and exterior

  • Year built:1990
  • Building area:4,165 sq. ft.
  • Lot area:0.13 Acres

Finances and disclosures

  • Price:$1,880,000
  • Price per sq. ft.:$451.38
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 25, 2026

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