Poplar Garden Apartments
$4,300,000
257 Poplar Avenue, Hayward, CA 94541
For Sale
Multifamily
Unknown Sub Type
Active
Last Updated: 03/18/2026
5.84
Cap Rate
250,979
NOI
Details:
Cap Rate: 5.84%
NOI: $250,979
Pro Forma Cap Rate : 6.61%
Building Size: 13,397 sqft
Lot Area: 0.56 acres
Units: 12
GRM: 11.2
Year Built: 1974
Price Per Sqft: $320.97
Price Per Unit: $358,333
Highlights:
- Poplar Garden is an extremely well-maintained, SB 721 compliant 12-unit apartment community located in unincorporated hayward within the high-demand east bay rental market. Built in 1974, the property sits on a generous 24,600 sf lot (.56 Acres) and includes 13,397 sf of building area with a balanced mix of 1-, 2-, and 3- bedroom floor plans with shared laundry... The property also offers owned solar for the master electric.
- Over $125,000 in recent updates with fresh exterior paint, upgraded balconies and railings.
- 257 Poplar Ave provides strong in-place income with immediate upside and additional growth and its strategic location offers walkable access to Hayward Bart, nearby retail amenities, schools, and major employment centers across the bay area. With local homeownership costs remaining out of reach for many households, the area benefits from a robust and stable tenant base.
Documents:
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| Offering Memorandum |
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Location
Gallery
