127 N Delaware Street, San Mateo, California 94401, San Mateo, - bed, bath
ACTIVE$1,600,000
127 N Delaware Street, San Mateo, California 94401
0Bed
0Bath
2,042Sqft
5,750Lot
Year Built
1952
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017678
Home ConditionFair
Features
View-
About this home
Marketing Package and additional information available upon request. 127 & 133 N Delaware Street consists of two adjoining duplexes that are available for purchase separately or together.
Nearby schools
4/10
San Mateo Park Elementary School
Public,•K-5•1.0mi
2/10
Horrall Elementary School
Public,•K-5•1.2mi
6/10
Baywood Elementary School
Public,•K-5•1.3mi
5/10
Meadow Heights Elementary School
Public,•K-5•2.3mi
5/10
Beresford Elementary School
Public,•K-5•2.4mi
4/10
Laurel Elementary School
Public,•K-5•3.0mi
6/10
Borel Middle School
Public,•6-8•1.5mi
7/10
Bayside S.T.E.M. Academy
Public,•6-8•1.7mi
4/10
Abbott Middle School
Public,•6-8•3.0mi
7/10
San Mateo High School
Public,•9-12•0.5mi
Price History
Date
Event
Price
08/11/25
Listing
$1,600,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,042 | 3,361 | 50% |
| Lot Size | 5,750 | 6,775 | 50% |
| Price | $1.6M | $2.36M | 50% |
| Price per square foot | $784 | $725 | 50% |
| Built year | 1952 | 9620976 | 100% |
| HOA | |||
| Days on market | 86 | 96 | 50% |
Condition Rating
Fair
The property was built in 1952, making it 72 years old. While the exterior images suggest the building has been maintained and is not in a state of disrepair, there are no interior images provided. Without visual evidence of the kitchen, bathrooms, flooring, or other interior components, it is highly probable that these areas are outdated in style and features, even if functional. This aligns with the 'Fair' condition criteria, indicating an aged property that is maintained but likely requires minor updates to meet current standards, with major components showing signs of being outdated.
Pros & Cons
Pros
Income Property: Designated as 'Residential Income' and a 'Duplex', this property offers immediate rental income potential, appealing to investors or owner-occupants seeking to offset housing costs.
Prime San Mateo Location: Situated in San Mateo (94401), a highly desirable and affluent Bay Area city, ensuring strong rental demand and potential for long-term property value appreciation.
Investment Expansion Opportunity: The property is one of two adjoining duplexes available for purchase separately or together, presenting a unique opportunity for a larger portfolio acquisition or future development.
Generous Lot Size: With a 5750 sqft lot, there's ample outdoor space, potential for expansion, or future landscaping improvements, which is valuable in an urban setting.
Versatile Buyer Appeal: The duplex configuration appeals to a broad range of buyers, including seasoned investors, first-time investors, or owner-occupants looking to live in one unit and rent out the other.
Cons
Property Age: Built in 1952, the property is over 70 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and requiring significant capital expenditure for modernization.
Lack of Detailed Information: The listing description is very brief, stating 'Marketing Package and additional information available upon request,' which means crucial details like current rents, unit conditions, and recent upgrades are not readily accessible, requiring extra due diligence.
Potential for Renovation Costs: Given its age and status as an income property, it's highly probable that the property requires substantial renovation and modernization to maximize rental income and appeal to today's tenants, impacting immediate ROI.