Home | San Mateo County | San Mateo | 94401 | 117 N Delaware St
117 N Delaware St, San Mateo, CA 94401
MLS: ML82043896 | Status: Active | Price: $1,880,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
4,165 |
5,750 |
1990 |
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!
| Field |
Value |
| MLS # |
ML82043896 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
1 |
Features
Interior Features
| Feature |
Details |
| Flooring |
Carpet, Tile, Vinyl/Linoleum |
| Cooling |
None |
| Heating |
Central Forced Air |
Exterior Features
| Feature |
Details |
| Roof |
Shingle |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Attached Garage, Carport, On Street, Garage: 4 Car(s) |
| Elementary District |
San Mateo-Foster City Elementary |
| High School District |
San Mateo Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
RM0004 |
| Listing Agent |
Co-Listing Agent |
| Tim Gilmartin |
Kathryn Gerhardt |
| Gilmartin Group |
Gilmartin Group |
| License #: 00841354 |
License #: 01958832 |
| Phone: (650) 348-2020 |
Phone: (650) 773-3595 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
2 |
2 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
– |
3 |
2/1 |
$3,760 |
| 2 |
– |
3 |
2/1 |
$3,850 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
| Address |
Price |
Beds |
Baths |
Sq Ft |
Status |
| 869 Woodside Way |
$1,599,000 |
– |
– |
2,317 |
Active |
| 119 E Poplar Ave |
$1,698,000 |
– |
– |
2,490 |
PendingDoNotShow |
| 728 Laurel Ave |
$1,995,000 |
– |
– |
2,096 |
PendingDoNotShow |
| 1028 S Idaho St |
$1,599,000 |
– |
– |
2,097 |
Contingent |
Disclosures
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of April 22, 2026. For the most current information, please contact Tim Gilmartin, (650) 348-2020.