Quadplex with On-Site
For Sale
$1,999,888
2127 Monroe ST, Santa Clara, CA 95050
Residential Income (2-4 units), SANTA CLARA, CA
Property Size3,270 SF
Lot Size0.15 Acres
Price / SF$611.59
Days on Market52
Property Features for 2127 Monroe ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R325
Bedrooms
8
Rooms
Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 5
Parking
1
Parking features
Carport
Subdivision
Santa Clara
Standard status
Active
Size
3,270 SF
Lot size
0.15 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Wall Unit(s)
Water source
Public
Amenities
on-site laundry facility
Building Details
Year built
1960
Number of units
4
Flooring type
Carpet, Linoleum
Roof type
Composition, Shingle
Listing Agency:
Intero Real Estate Services
(408) 741-1600
Listed By:
Andy Tse · License #01345580
(408) 807-8808
Added: Jul 15
Changed: Sep 3
Last Checked: Sep 4 at 2:06PM
MLS# ML82045606
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.
The property is a 3,270-square-foot quadplex completed in 1960, comprising four two-bedroom, one-bath residences. The 0.1468-acre site includes four parking spaces, carport parking, and an on-site laundry facility. Existing finishes include carpet and linoleum, with wall furnaces for heating and wall-mounted cooling units. Public water serves the property, and the roof is finished with composition shingles.
Located in Santa Clara, the property offers access to Highways 101, 880, and 87. Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia are identified nearby by the listing information. Unit 3 is vacant and may accommodate an owner occupant. The property is zoned R325.
Located in Santa Clara, the property offers access to Highways 101, 880, and 87. Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia are identified nearby by the listing information. Unit 3 is vacant and may accommodate an owner occupant. The property is zoned R325.
Key Highlights
- Four‑unit property with four two‑bedroom, one‑bath residences
- 3,270 square feet on a 0.1468‑acre site
- Four parking spaces with carport parking
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
$69,733
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
3.49%
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%
$1,394,660
$1.4M
Cap Rate 7%
$996,186
$996.2K
Cap Rate 9%
$774,811
$774.8K
Market Conditions
NOI Build-Up for 3,270 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
$104.0K $31.80/SF
− Vacancy
−$4.4K −$1.34/SF
EGI
$99.6K $30.46/SF
− OpEx
−$29.9K −$9.14/SF
NOI
$69.7K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /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%
$1,394,660
Cap Rate 7%
$996,186
Cap Rate 9%
$774,811
Alternative Uses
Best Use
Multifamily LT 5
$996.2K
$871.7K – $1.16M
NOI $69,733 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$883.5K
$773.1K – $1.03M
NOI $61,844 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,190 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments with dedicated parking and one currently vacant unit.
Where is this quadplex located?
The property is located at 2127 Monroe ST Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,999,888.
What are key features of this property?
This property features: Four‑unit property with four two‑bedroom, one‑bath residences; 3,270 square feet on a 0.1468‑acre site; Four parking spaces with carport parking
