Multifamily Property With Two
For Sale
$1,295,000
13350 Kimble CT, San Martin, CA 95046
Residential Income (2-4 units), Ranch, SAN MARTIN, CA
Property Size4,240 SF
Lot Size1.81 Acres
Price / SF$305.42
Days on Market25
Property Features for 13350 Kimble CT
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
A1-5A
Bedrooms
7
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 2
Parking
4
Parking features
Off Street
Interior features
High Ceiling
Appliances
Countertop - Other, Countertop - Tile, Exhaust Fan, Garbage Disposal, Oven Range
Lot features
Farm Animals ( Permitted), Grade - Level, Regular
View
Mountains
Subdivision
Morgan Hill / Gilroy / San Martin
Standard status
Active
Size
4,240 SF
Lot size
1.81 Acres
Utilities
Water source
Public
Building Details
Year built
1976
Flooring type
Linoleum, Hardwood, Carpet
Building materials
Wood
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Intero Real Estate Services
(408) 778-7474
Listed By:
Daniel Gluhaich · License #00963076
(408) 461-0262
Added: Aug 11
Changed: Sep 1
Last Checked: Sep 4 at 3:06PM
MLS# ML82057294
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property comprises two separate residences on 1.81 acres. The primary ranch-style home provides four bedrooms, two bathrooms, and approximately 1,800 SF of living area. A second residence adds three bedrooms, two bathrooms, and 1,500 SF. The property also includes an approximately 1,200 SF antique store, creating a combination of residential and retail improvements.
Off-street parking provides space for vehicles, while the grounds accommodate RVs and boats. Both residential units are occupied under month-to-month agreements. Built in 1976, the improvements feature wood construction, shingle roofing, public water, and a mix of hardwood, linoleum, and carpet flooring. Zoning is A1-5A.
Off-street parking provides space for vehicles, while the grounds accommodate RVs and boats. Both residential units are occupied under month-to-month agreements. Built in 1976, the improvements feature wood construction, shingle roofing, public water, and a mix of hardwood, linoleum, and carpet flooring. Zoning is A1-5A.
Key Highlights
- 1.81‑acre multifamily property with two separate homes
- Primary residence: 4 bedrooms, 2 bathrooms, approximately 1,800 SF
- Second residence: 3 bedrooms, 2 bathrooms, 1,500 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,529
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,290,580
$2.3M
Cap Rate 7%
$1,636,129
$1.6M
Cap Rate 9%
$1,272,544
$1.3M
Market Conditions
NOI Build-Up for 4,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.5K $40.44/SF
− Vacancy
−$7.9K −$1.85/SF
EGI
$163.6K $38.59/SF
− OpEx
−$49.1K −$11.58/SF
NOI
$114.5K $27.01/SF
Area
Santa Clara County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,290,580
Cap Rate 7%
$1,636,129
Cap Rate 9%
$1,272,544
Alternative Uses
Best Use
Retail
$1.64M
$1.43M – $1.91M
NOI $114,529 @ 7.0% cap · market cap 8.84%
Second Best
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,519 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,183 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 95046, CA
6,361
Population
2,048
Households
3.1
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
18.8 sq mi
ZIP Area
338
Density / Sq Mi
$157,458
Median Household Income
$43,832
Median Earnings
$2,312
Median Rent
$1,396,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two detached residences share a 1.81-acre property with an antique retail space and off-street parking.
Where is this multifamily property located?
The property is located at 13350 Kimble CT San Martin, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1.81‑acre multifamily property with two separate homes; Primary residence: 4 bedrooms, 2 bathrooms, approximately 1,800 SF; Second residence: 3 bedrooms, 2 bathrooms, 1,500 SF
