327 Grand Boulevard presents a rare opportunity to acquire a multifamily investment property in San Mateo’s desirable North Central neighborhood. This well-maintained triplex consists of two buildings on a spacious 7,651 sq. ft. lot, featuring two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. All three units are fully occupied, providing stable in-place income with significant upside potential through renovations and rent adjustments.

Future owner-users can enjoy the flexibility of living in one unit while generating rental income from the others—an ideal setup in a market where single-family homes average over $1.6M.

Property Highlights

• Prime San Mateo multifamily investment property near Downtown Burlingame and Downtown San Mateo

• Two-building triplex with no shared walls

• Total building size: 2,107 SF | Lot size: 7,651 SF

• 3 units (2x 2BR/1BA + 1x 1BR/1BA)

• Cap Rate: 3.52% | NOI: $52,599

• Built in 1910 with potential for modernization and value-add

• Easy access to Highway 101, Caltrain, SFO, and major employers in Silicon Valley

• Walking distance to shopping, dining, and top amenities

This Bay Area income property is a rare blend of strong fundamentals, location appeal, and long-term appreciation potential—ideal for investors and owner-users alike.