349 Spring Street, Redwood City, California 94063, Redwood City, 94063 - 0 bed, 0 bath
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349 Spring Street
Redwood City, California 94063
ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
4,180Sq Ft
12,746Lot Size
Property Price
LIST PRICE$1,798,000
EST. MARKET VALUE
$1,849,734
SUMMARY
This versatile triplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,798,000—positioned well below the $1,844,761 Fair Market Value by 2%. This valuation gap provides $46,761 in Instant Equity. With a Condition Rating of 4, the property offers significant value-add potential through cosmetic updates. Its unique configuration of a 3-bedroom home and a separate duplex on a large 12,746 sqft lot ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-generating assets in a prime, walkable Redwood City location.
Estimated Market Value
$1,849,734
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 349 Spring Street Subject 0 bd · 0 ba · 4,180 sqft · $443 | $1,798,000* List Price | 0 | 0 | 4,180 | $443 | - |
A 557 Hampshire Avenue Sold 0 bd · 0 ba · 3,300 sqft · $447 · 0.9 mi | $1,475,000 | 0 | 0 | 3,300 | $447 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980, the property is over 40 years old and shows its age. The kitchen is functional but dated, featuring older wood cabinetry, laminate countertops, and vinyl flooring. The backyard is unlandscaped and requires maintenance, indicating the property needs cosmetic updates and minor repairs throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Property Configuration
The unique layout featuring a detached 3-bedroom single-family home plus a separate duplex offers exceptional flexibility for owner-users seeking rental income or multi-generational living arrangements.
- Prime Walkable Location
Situated in a highly convenient area of Redwood City, the property is just moments away from vibrant downtown restaurants, shops, and essential commute routes, driving high tenant demand.
- Substantial Living Space and Lot Size
With 4,180 square feet of living space on a generous 12,746 square foot lot, the property provides rare scale for a triplex, including private yards and attached garages for every unit.
CONSRISKS & DEFICIENCIES
- Moderate School Ratings
The local elementary and middle schools carry average ratings (4 and 5 respectively), which may be a drawback for families specifically seeking top-tier educational districts.
- 1980s Construction
Built in 1980, the property may require modern cosmetic updates or system upgrades to compete with newer luxury rentals and maximize the potential ROI.
About 349 Spring Street
Exceptional opportunity to own a versatile triplex in a highly convenient, walkable location! The property features a spacious single-family home with 3 bedrooms, 2 bathrooms, and an attached 2-car garage, along with a separate duplex offering two well-appointed units. Each unit features 2 bedrooms, 1.5 bathrooms, an attached 1-car garage, laundry hookups, and a private side yard. Offering tremendous flexibility for an owner-user, multi-generational living, or investment, this unique property combines comfortable living spaces with excellent income potential. Conveniently located just moments from vibrant downtown restaurants and shops, with easy access to streamlined commute routes.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1980
- Lot Size
- 12,746 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Hoover Elementary School
Grades K-8 • 0.4 mi
4/10
John F. Kennedy Middle School
Grades 5-8 • 2.0 mi
5/10
Sequoia High School
Grades 9-12 • 0.8 mi
6/10
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 | 4,180 | 2,626.533 |
| Lot Size | 12,746 | 7,207.667 |
| Price | $1.80M | $1.76M |
| Price per sq ft | $430 | $669 |
| Built year | 1980 | 1959 |
| HOA | $0 | $0 |
| Days on market | 43 | 56 |
Pricing History
Listed for Sale
Sep 11, 2026
$1,798,000
Initial Listing