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SC Properties exclusively presents 221 Paramount Drive, Millbrae, a well-maintained four-unit multifamily investment opportunity in one of the Peninsulas most desirable rental markets. The property features four (1)one-bedroom, (1) one-bathroom units, a recently replaced roof, and a well-kept exterior, offering investors a combination of existing rental income and immediate upside potential. With one unit currently vacant, a new owner has the opportunity to lease the unit at current market rates and increase the property's overall rental income. Conveniently located near Downtown Millbrae, BART, Caltrain, SFO, and major highways, 221 Paramount Drive presents an attractive opportunity for investors seeking stable cash flow, rental upside, and long-term appreciation in a strong Peninsula rental market.

Highlights

  • Residential Income
  • Quadruplex
  • Built in 1948
  • 8 days on Market

  • Year Built
    1948
  • Living Area
    2740.0
  • Heating
    Wall Furnace

  • Water
    Public

  • County
    San Mateo
  • City
    Millbrae
  • Zip Code
    94030

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Frequently Asked Questions

How do I schedule a tour of 221 Paramount Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 221 Paramount Dr.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 221 Paramount Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,995,000. We can talk through recent upgrades, potential seller motivation, how this quadruplex compares to others in Millbrae, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 221 Paramount Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 221 Paramount Dr at around $10,817. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 221 Paramount Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in San Mateo County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 221 Paramount Dr?

In most cases, yes. Whether 221 Paramount Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Millbrae's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 221 Paramount Dr?

We can handle that for you. Our preferred local agent specializes in residential incomes in Millbrae and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,995,000 with 2,740 sqft of space—that comes out to approximately $728 per square foot.

How long has this property been on the market?

221 Paramount Dr was listed on October 29, 2026, which means it's been on the market for 8 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1948, making it approximately 78 years old.

Is 221 Paramount Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Bay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 06, 2026 at 09:27PM.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.