217 Alden Street, Redwood City, CA

$2,500,000

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4,992

Square feet

About 217 Alden Street

Well-Located Apartment Investment 4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a 5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.

Features of 217 Alden Street

MLS® # ML82054736
Price $2,500,000
Square Footage 4,992
Year Built 1946
Type COMM RI MULTI-UNITS 5+
Sub-Type Other
Status Active

Community Information

Address 217 Alden Street
City Redwood City
County San Mateo
State CA
Zip Code 94063

Amenities

Parking Assigned
Is Waterfront No
Has Pool No

Interior

Heating Other
Cooling None
Fireplace No

Additional Information

Date Listed July 18th, 2026
Zoning r5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSteve Belluomini
OfficeCorcoran Icon Properties

Listing Map

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