Duplex with Two
For Sale
$1,500,000
10261028 Nottingham Place, San Jose, CA 95117
Rented duplex with separate kitchens, in-unit laundry, private yards, and one-car garage parking for each residence.
Property Size2,066 SF
Price / SF$726.04
Days on Market11
Property Features for 10261028 Nottingham Place
General Information
Standard status
Active
Size
2,066 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,870
Building Details
Year Built
1960
Listing Agency:
Amber Realty
Listed By:
Laura Eisbach · License #01382943
(408) 858-0077
Source:
Exitrealty
Added: Aug 23
Changed: Aug 31
Last Checked: Aug 31 at 4:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amber Realty
Investment Insights
Based on property information with market context.
This 1960-built duplex contains 2,066 square feet on a 6,600+ square-foot lot in San Jose. The unit mix includes one three-bedroom, two-bath residence and one two-bedroom, one-bath residence. Both units have kitchens equipped with electric cooktops, built-in ovens, refrigerators, and garbage disposals. Carpet and laminate flooring are used throughout the interiors, and each unit includes a washer and dryer.
The property provides a single-car garage for each unit along with yard space. Central forced-air heat serves the property, while the back unit also has central air conditioning. Both units are currently rented, with month-to-month contracts preferred. The property is within the Moreland Elementary School District.
The property provides a single-car garage for each unit along with yard space. Central forced-air heat serves the property, while the back unit also has central air conditioning. Both units are currently rented, with month-to-month contracts preferred. The property is within the Moreland Elementary School District.
Key Highlights
- 2,066 SF duplex on a 6,600+ sq. ft. lot
- Unit mix includes 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath residences
- Single‑car garage provided for each unit
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
$46,517
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
3.10%
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%
$930,340
$930.3K
Cap Rate 7%
$664,529
$664.5K
Cap Rate 9%
$516,856
$516.9K
Market Conditions
NOI Build-Up for 2,066 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
$69.4K $33.60/SF
− Vacancy
−$3.0K −$1.43/SF
EGI
$66.5K $32.17/SF
− OpEx
−$19.9K −$9.65/SF
NOI
$46.5K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /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%
$930,340
Cap Rate 7%
$664,529
Cap Rate 9%
$516,856
Alternative Uses
Best Use
Multifamily LT 5
$664.5K
$581.5K – $775.3K
NOI $46,517 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,973 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,340 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 95117, CA
30,137
Population
11,226
Households
2.7
Avg Household Size
36
Median Age
44%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
13,103
Density / Sq Mi
$115,778
Median Household Income
$56,791
Median Earnings
$2,367
Median Rent
$1,425,200
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?
Duplex - Rented duplex with separate kitchens, in-unit laundry, private yards, and one-car garage parking for each residence.
Where is this duplex located?
The property is located at 10261028 Nottingham Place San Jose, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,066 SF duplex on a 6,600+ sq. ft. lot; Unit mix includes 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath residences; Single‑car garage provided for each unit
