22218 Prospect Street, Hayward, California 94541, Hayward, 94541 - 0 bed, 0 bath
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22218 Prospect Street
Hayward, California 94541
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,424Sq Ft
8,800Lot Size
Property Price
LIST PRICE$1,650,000
EST. MARKET VALUE
$1,348,800
22% AboveMARKET VALUE
SUMMARY
This triplex represents a High-Potential Investment Opportunity, listed at $1,650,000—positioned above the $1,348,800 Fair Market Value. While priced for its income-generating potential, the property features three detached residential structures on an expansive 8,800-square-foot lot, including a newly permitted ADU. With a Good Condition Rating and updated interiors, the asset offers immediate rental income or flexible occupancy. Despite lower-rated local schools, the property’s unique layout and vacancy status make it a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$1,348,800
Based on Realkey algorithm analyzing recent comparable sales in Hayward.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is a triplex featuring a brand-new, permitted ADU in excellent condition (<5y) alongside two 1940s residences that have been well-maintained. Interior images show updated kitchens with stainless steel appliances, modern LVP and refinished hardwood flooring, and updated vinyl windows. The inclusion of a modern mini-split HVAC system in the new unit and the move-in ready state of the vacant units justify a 'Good' rating despite the original build age.
PROSSTRENGTHS & OPPORTUNITIES
- Triple Detached Units
The property features three completely detached residential structures on a single lot, offering superior privacy and appeal for tenants or multigenerational families compared to traditional attached multi-family units.
- Immediate Income Potential
With a newly permitted ADU and one additional residence currently vacant, investors can immediately set market-rate rents or occupy the units without the complications of existing tenant relocations.
- Expansive Lot Size
Situated on an approximately 8,800-square-foot lot, the property provides ample outdoor space and a low-density feel that is rare for multi-unit residential income properties in the Hayward area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3424, other record living area = 2768.
- Low School Ratings
The assigned elementary and middle schools carry low ratings (2/10 and 3/10 respectively), which may limit the property's appeal to long-term family tenants who prioritize education quality.
- Vintage Infrastructure
With the original structures dating back to 1940, the property may require more frequent maintenance or modernization of older systems to match the quality and efficiency of the newly built ADU.
About 22218 Prospect Street
Rare investment opportunity featuring three detached residential structures situated on an expansive approximately 8,800-square-foot lot in Hayward. The property includes a three-bedroom, one-bath residence at 22218 Prospect Street, a two-bedroom, one-bath residence at 22214 Prospect Street, and a newly constructed, permitted two-bedroom, one-bath detached ADU at 22220 Prospect Street. Offering exceptional flexibility for investors, multigenerational living, or owner-occupants seeking rental income, this unique property combines existing rental income with additional income potential. The upstairs residence at 22214 Prospect and the detached ADU at 22220 Prospect are currently vacant, providing opportunities for occupancy or future rental use. Conveniently located near downtown Hayward, shopping, dining, public transportation, and major commuter routes.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 8,800 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Hayward Unified Schools
Strobridge Elementary School
Grades K-6 • 0.7 mi
2/10
Bret Harte Middle School
Grades 7-8 • 0.7 mi
3/10
Hayward High School
Grades 9-12 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,424 | 2,494.375 |
| Lot Size | 8,800 | 8,180.25 |
| Price | $1.65M | $941.2K |
| Price per sq ft | $482 | $432 |
| Built year | 1940 | 1948 |
| HOA | $0 | $0 |
| Days on market | 3 | 61 |
Pricing History
Listed for Sale
Oct 21, 2026
$1,650,000
Initial Listing
Sold
Jul 11, 2022
$1,300,000
Public Record