117 N Delaware Street, San Mateo, CA 94401 (MLS # ML82043896)
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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 2.5 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 miss this rare opportunity whether as an investment or a property you could occupy!
| DAYS ON MARKET | 1 | LAST UPDATED | 4/21/2026 |
|---|---|---|---|
| YEAR BUILT | 1990 | COMMUNITY | 699 - Not Defined |
| GARAGE SPACES | 4.0 | COUNTY | San Mateo |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 699 - Not Defined |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 5750 sq ft |
| LOT DIMENSIONS | 5750 |
| PARKING | Carport |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 25839 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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