1401-1403 Cary Avenue in San Mateo is a well-maintained duplex situated on a spacious 5,479 SF lot, offering an excellent investment or owner-occupant opportunity. Built in 1950, the property features two updated units: a vacant 3-bedroom, 1-bathroom unit and an occupied 2-bedroom, 1-bathroom unit generating $3,300 per month in rental income. Both units have been thoughtfully upgraded with modern kitchens and bathrooms, providing contemporary comfort while maintaining the charm of the original construction. Each living room is highlighted with 12-foot ceilings and traditional fireplaces. With tenants responsible for all expenses, this property presents a low-maintenance income-producing asset in a desirable location.
Listed by Sam Runco
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License #01977683
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Marcus & Millichap
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650-759-3414
Listed by Philip Batlin
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License #01873218
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Marcus & Millichap
Last updated September 06, 2025
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Source: MLSListings #ML81993977
Listing Facts
TypeMulti-family
NeighborhoodSouth Shoreview
Days on Prevu210
Taxes$22,103/year
Size2,324 sqft
Price per sqft$731
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
08/11/2025
Status changed to Active
$1,698,000
08/11/2025
Price Decreased
$1,698,000
08/06/2025
Status changed to Expired
$1,750,000
05/28/2025
Price Decreased
$1,750,000
05/09/2025
Status changed to Active
$1,795,000
05/07/2025
Status changed to Removed from Feed
$1,795,000
04/23/2025
Price Decreased
$1,795,000
03/25/2025
Price Decreased
$1,830,000
02/13/2025
Listed by Marcus & Millichap
$1,850,000
Property Details for 1401-1403 Cary Avenue
Exterior
Construction
Number Of Units Total: 2
Roof: Tar/Gravel
Stories: 1
Year Built: 1950
Year Built Details: 2
Measurements
Building Area Total: 2,324
Lot Size Acres: 0.12
Lot Size Area: 5,500
Lot Size Source: Assessor
Lot Size Square Feet: 5,500
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 3.99
Gross Income: $93,600.00
Operating Expense Includes: Gardener, Insurance
Taxes
Parcel Number: 033-264-050
Tax Annual Amount: $22,103.00
Interior
Features
Interior Features: High Ceiling
Measurements
Living Area: 2,324
Other
Features
Accessibility Features: Other
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: Gas, Wall Furnace
Sewer: Other
Utilities: Public Utilities, Individual Electric Meters, Individual Gas Meters
Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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