Ranch
New
For Sale
$1,750,000
1032 Vermont ST, San Jose, CA 95126
Residential Income (2-4 units), Ranch, SAN JOSE, CA
Property Size3,838 SF
Lot Size0.17 Acres
Price / SF$455.97
Days on Market2
Property Features for 1032 Vermont ST
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R3
Bedrooms
8
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 3
Parking features
Carport, Assigned, On Street, Garage - Attached
Appliances
Appliances - Vary by Unit, Cooktop - Electric, Cooktop - Gas, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range, Refrigerator, Varies by Unit
Lot features
Grade - Mostly Level
Subdivision
Central San Jose
Standard status
Active
Size
3,838 SF
Lot size
0.17 Acres
Utilities
Heating system
Forced Air
Water source
Public
Amenities
forced air heating
laundry facilities
kitchen appliances
carpet and laminate flooring
Building Details
Year built
1981
Number of units
4
Flooring type
Laminate, Carpet
Building materials
Wood Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Paul Prouty · License #01171285
(408) 806-3393
Added: Sep 15
Last Checked: Sep 16 at 12:06PM
MLS# ML82061396
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 four-unit ranch-style property in San Jose provides 3,838 square feet of living area on a 0.1722-acre lot. Built in 1981 with wood-frame construction, the property features carpet and laminate flooring, forced-air heating, and composition roofing. Kitchen equipment varies by unit and includes electric or gas cooktops, dishwashers, garbage disposals, hood-over-range ventilation, oven ranges, and refrigerators. A card-operated washer and dryer serves the property.
Parking includes two attached single-car garages, a 4-space carport, assigned spaces, and on-street parking. The property is served by public water and is located within the San Jose Unified elementary school district. R3 zoning and the quadplex configuration support its residential income use.
Parking includes two attached single-car garages, a 4-space carport, assigned spaces, and on-street parking. The property is served by public water and is located within the San Jose Unified elementary school district. R3 zoning and the quadplex configuration support its residential income use.
Key Highlights
- 3,838 square feet of living space on a 0.1722‑acre lot
- Quadplex with 4 units and 1981 construction
- Two attached single‑car garages plus a 4‑space carport
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
$86,415
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
4.94%
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%
$1,728,300
$1.7M
Cap Rate 7%
$1,234,500
$1.2M
Cap Rate 9%
$960,167
$960.2K
Market Conditions
NOI Build-Up for 3,838 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
$129.0K $33.60/SF
− Vacancy
−$5.5K −$1.43/SF
EGI
$123.5K $32.17/SF
− OpEx
−$37.0K −$9.65/SF
NOI
$86.4K $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%
$1,728,300
Cap Rate 7%
$1,234,500
Cap Rate 9%
$960,167
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,415 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.14M
$997.9K – $1.33M
NOI $79,830 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,252 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
Explore this area
Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with varied appliance packages, forced-air heating, and a combination of garage and carport parking.
Where is this quadplex located?
The property is located at 1032 Vermont ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,838 square feet of living space on a 0.1722‑acre lot; Quadplex with 4 units and 1981 construction; Two attached single‑car garages plus a 4‑space carport
