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557 Hampshire AvenueRedwood City, CA 94063

For Sale

$1,500,000

Smart Buyer Rebate $15,000

Magnify is pleased to present 557 Hampshire Avenue, an excellent opportunity to acquire one of the lowest-priced fourplexes on the Peninsula, offering exceptional value for investors seeking strong in-place cash flow with upside potential. Built in 1962, the building consists of approximately 3,300 square feet on a 5,000 square foot lot and features a desirable unit mix of (1) 2BD/1BA and (3) 1BD/1BA residences, offering an attractive investment in one of the Peninsula's strongest rental markets.
The property generates nearly $10,000 per month in rental income with the opportunity to further increase cash flow through strategic interior improvements as units turn over. The spacious downstairs 2BD/1BA residence enjoys a large private backyard that enhances tenant appeal, and the building has completed its SB-721 inspection.
Located just minutes from vibrant downtown Redwood City, the property is centrally positioned on the Peninsula with convenient access to Highway 101, El Camino Real, Caltrain, and major employment centers. Atherton, Menlo Park, Palo Alto, and Stanford University are all within approximately 15 minutes, positioning 557 Hampshire Avenue to benefit from robust rental demand, long-term income growth potential, and outstanding connectivity throughout Silicon Valley.

Listed by David Katz

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License #01971921

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Magnify Real Estate

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408-438-0585

Listed by Will Tharp

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License #01984173

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Magnify Real Estate

Last updated July 30, 2026

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Source: MLSListings #ML82054234

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Fair Oaks
  • Days on Prevu18
  • Taxes$23,307/year
  • Size3,300 sqft
  • Price per sqft$455

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/14/2026
Listed by Magnify Real Estate
$1,500,000

Property Details for 557 Hampshire Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition, Shingle
  • Stories: 2
  • Year Built: 1962
  • Year Built Details: 2

Measurements

  • Building Area Total: 3,300
  • Lot Size Area: 5,000
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,000
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.75
  • Gross Income: $114,968.00
  • Operating Expense Includes: Gardener, Insurance, Maintenance, Trash, Utilities, Vacancy Allowance, Water/Sewer

Taxes

  • Parcel Number: 054-246-330
  • Tax Annual Amount: $23,307.00

Interior

Measurements

  • Living Area: 3,300

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Features: Covered Parking

Schools

Elementary School

  • Elementary School District: Redwood City Elementary

High School

  • High School District: Sequoia Union High

Utilities

Equipment

  • Heating: Gas, Wall Furnace
  • Laundry Features: Coin Operated
  • 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 557 Hampshire Avenue.

What are the annual taxes for 557 Hampshire Avenue?

Annual taxes for this multi-family home are estimated at $23,307.

How does 557 Hampshire Avenue compare to other multi-family homes in North Fair Oaks?

This multi-family home is listed 31% below the average price for multi-family homes in North Fair Oaks and has been on the market for 37 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 3,300 sqft.

557 Hampshire Avenue is a -bedroom multi-family home for sale in Redwood City CA 94063. On Prevu for 18 days at $1,500,000. This property features 3,300 square feet of living space, located in North Fair Oaks. The median listing price for multi-family homes in this area is $1,288,888. Additional amenities include pets allowed and parking. View other multi-family home listings in San Mateo County.

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 07/30/2026. 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.