N Delaware Street, San Mateo, California 94401, San Mateo, - bed, bath
ACTIVE$3,200,000
N Delaware Street, San Mateo, California 94401
0Bed
0Bath
4,084Sqft
11,500Lot
Year Built
1952
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017680
Home ConditionPoor
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.
Price History
Date
Event
Price
08/11/25
Listing
$3,200,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,084 | 4,382 | 50% |
| Lot Size | 11,500 | 9,650 | 50% |
| Price | $3.2M | $3.16M | 50% |
| Price per square foot | $784 | $725 | 50% |
| Built year | 1952 | 9620976 | 100% |
| HOA | |||
| Days on market | 86 | 96 | 50% |
Condition Rating
Poor
The property was built in 1952, making it over 70 years old. The MLS listing provides only aerial exterior images and no interior photos, which is a significant red flag for a property of this age. The absence of interior images, especially of kitchens and bathrooms, strongly suggests that these areas are severely outdated and likely require substantial renovation. There is no mention of any recent major renovations in the description. Given its age and lack of visible updates, it is highly probable that major systems (plumbing, electrical, HVAC) are original or very old and will require significant repairs or replacement to meet current standards and comfort levels. This aligns with the 'Poor' condition criteria, indicating a need for substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Location: Situated in San Mateo, CA, a highly sought-after Bay Area city known for strong rental markets, excellent schools, and proximity to major employment centers.
Significant Income Potential: As a quadruplex (two adjoining duplexes), the property offers substantial rental income streams and diversification for investors.
Generous Lot Size: The 11,500 sqft lot provides ample space, offering potential for future expansion, additional dwelling units (ADUs), or enhanced outdoor amenities.
Flexible Acquisition Options: The availability to purchase the duplexes separately or together broadens the buyer pool, catering to various investment strategies and capital capacities.
Long-Term Appreciation: Located in a historically appreciating market like the San Francisco Bay Area, this income property presents strong potential for capital growth over time.
Cons
Property Age & Condition: Built in 1952, the property is likely to require significant capital expenditures for system upgrades (plumbing, electrical) and cosmetic renovations to modernize units and maximize rental income.
High Capital Investment: The $3.2 million list price represents a substantial investment, potentially limiting the pool of qualified buyers and requiring robust financial analysis for return on investment.
Limited Public Information: The brief description ('Marketing Package and additional information available upon request') suggests a lack of immediate detailed information, which could deter some buyers who prefer comprehensive upfront data.