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109 Hobart AvenueSan Mateo, CA 94402

For Sale

$2,600,000

Smart Buyer Rebate $26,000

Located in one of the most desirable residential neighborhoods in San Mateo, 109-111 Hobart Avenue offers a unique duplex opportunity with both investment appeal and owner-user flexibility. The property consists of two spacious three-bedroom units, each with generous layouts, and attached garages. The rear unit features a private outdoor area, enhancing tenant appeal and livability. Set on an oversized lot, the property also offers potential for future ADU development, creating additional income opportunities.

109-111 Hobart Ave is within one mile to San Mateo Central Park and Downtown San Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The subject property is also located within close proximity to the major transportation corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real. These transportation hubs provide tenants and residents with convenient access to San Francisco and San Jose and provides close proximity to many of the nation's top tech employers including Google, Meta, Stanford, Box Inc., Visa, Sony as well as many others.

Listed by Cole Simpson

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License #02016525

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Marcus & Millichap

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650-391-1735

Last updated July 29, 2026

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Source: MLSListings #ML82051983

Listing Facts

  • TypeMulti-family
  • NeighborhoodHomestead Husing
  • Days on Prevu37
  • Taxes$36,752/year
  • Size3,686 sqft
  • Price per sqft$705

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

06/25/2026
Listed by Marcus & Millichap
$2,600,000

Property Details for 109 Hobart Avenue

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Shingle
  • Stories: 1
  • Year Built: 1948
  • Year Built Details: 2

Measurements

  • Building Area Total: 3,686
  • Lot Size Area: 8,750
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,750
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.06
  • Gross Income: $98,975.00
  • Operating Expense Includes: Gardener, Insurance

Taxes

  • Parcel Number: 034-382-050
  • Tax Annual Amount: $36,752.00

Interior

Measurements

  • Living Area: 3,686

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Attached Garage
  • Parking Total: 1

Schools

Elementary School

  • Elementary School District: San Mateo-Foster City Elementary

High School

  • High School District: San Mateo Union High

Utilities

Equipment

  • Heating: Central Forced Air
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 109 Hobart Avenue.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 109 Hobart Avenue.

What are the annual taxes for 109 Hobart Avenue?

Annual taxes for this multi-family home are estimated at $36,752.

How does 109 Hobart Avenue compare to other multi-family homes in Homestead Husing?

This multi-family home is listed 0% below the average price for multi-family homes in Homestead Husing and has been on the market for 86 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,686 sqft.

109 Hobart Avenue is a -bedroom multi-family home for sale in San Mateo CA 94402. Available on Prevu for 37 days at $2,600,000. This residence features 3,686 square feet of living space, located in Homestead Husing. The median listing price for multi-family homes in this area is $966,000. Property amenities include pets allowed and parking. Explore more multi-family home listings in San Mateo.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 07/29/2026. 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. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.