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    San Jose Duplex Opportunity Title is generated by Realmo AI

    SAN JOSE, San Jose 95116

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    For Sale
    $1,100,000

    MULTI_FAMILY - SAN JOSE

    Type:Single Family Residence
    Property size:
    1,352 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $813/SF
    Added:
    May 24, 2026
    Days on Market:
    1
    Last Refresh:
    May 24 at 1:06 pm

    Property Features for SAN JOSE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    R2
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
    Parking
    1
    Parking features
    Garage - Attached
    Interior features
    Inverted Floor Plan
    Appliances
    220 Volt Outlet, Cooktop - Gas, Countertop - Stone, Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
    Standard status
    Active
    Size
    1,352 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air, Central, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1951
    Number of units
    2
    Flooring type
    Tile, Laminate
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Catherine Qian

    Listing agent Catherine Qian License #01276431

    Listing office Christie's International Real Estate Sereno 467 1st Street #200, Los Gatos, CA

    Listing date May 24, 2026

    MLS# ML82048043 Listing URL

    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.

    HighLights

    • Excellent duplex opportunity in the historic Little Portugal neighborhood
    • Proximity to the planned underground BART station (28th Street/Little Portugal station)
    • Unit 121 is fully remodeled with wood floors, quartz countertops, new cabinets, stainless steel appliances, copper pipes, remodeled bathroom, and new interior paint
    • Unit 119 was totally remodeled in 2021
    • Each unit features a private entrance, comfortable living spaces, attached garage, and separate laundry room
    • Convenient location: 10 minutes to Santa Clara University and 5 minutes to San Jose State University

    Overview

    This duplex presents an excellent investment opportunity in the historic Little Portugal neighborhood of San Jose. The property is located near the planned underground BART station, the future 28th Street/Little Portugal station, which is part of the Silicon Valley BART extension project connecting downtown San Jose and Santa Clara to the existing BART system. The property features two separate units, suitable for investors, owner-occupants, or multi-generational living. Each unit has a private entrance, comfortable living spaces, an attached garage, and a separate laundry room. Both units offer two bedrooms and one bathroom with minor layout variations. Unit 121 has been fully remodeled with wood floors, a kitchen with quartz countertops and new cabinets, new stainless steel appliances, new copper pipes, a remodeled bathroom, and new interior paint. Unit 119 was totally remodeled in 2021. New water heaters have been installed. The yard contains grape and orange trees. The property benefits from its location in downtown San Jose in the Silicon Valley region, with direct access to many top tech employers, including Zoom, Adobe, eBay, WDC, PayPal, and LinkedIn. It is located 10 minutes from Santa Clara University and 5 minutes from San Jose State University. The lot size is 0.124 acres, and the property size is 1352 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    San Jose
    County
    Santa Clara
    State
    Longitude
    -121.86467
    Latitude
    37.345806

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    FAQs

    What type of property is this?
    Duplex - Duplex in historic Little Portugal near planned BART station.
    Where is this duplex located?
    The property is located at SAN JOSE San Jose.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Excellent duplex opportunity in the historic Little Portugal neighborhood; Proximity to the planned underground BART station (28th Street/Little Portugal station); Unit 121 is fully remodeled with wood floors, quartz countertops, new cabinets, stainless steel appliances, copper pipes, remodeled bathroom, and new interior paint
    (650) 690-6817
    We can help!
    Listing Contact
    Catherine Qian
    Real Estate License ID: 01276431
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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