Quadplex with On-Site
For Sale
$1,750,000
1032 Vermont Street, San Jose, CA 95126
ResidentialIncome, Ranch, SanJose, CA
Property Size3,838 SF
Lot Size0.17 Acres
Price / SF$455.97
Days on Market37
Property Features for 1032 Vermont Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R3
Parking features
On Street, Garage, Assigned, Carport
Appliances
CooktopElectric, CooktopGas, Dishwasher, GarbageDisposal, HoodOverRange, OvenRange, Refrigerator, WasherDryer
Lot features
Grade Mostly Level
Elementary school
SanJoseUnified
High school
SanJoseUnified
Elementary school district
SanJoseUnified
High school district
SanJoseUnified
Subdivision
CentralSanJose
Standard status
Active
APN
230-42-082
Size
3,838 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
21875
Utilities
Heating system
Forced Air
Water source
Public
Amenities
laundry facilities
Building Details
Year built
1981
Floors in Building
2
Number of units
4
Flooring type
Laminate, Carpet
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
Changed: Oct 21
Last Checked: Oct 21 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This R3-zoned quadplex contains 3,838 square feet across its residences on a 0.1722-acre parcel. Built in 1981, the ranch-style property has carpet and laminate flooring, forced-air heating, and a composition roof. Appliance packages vary by unit and include electric and gas cooktops, dishwashers, disposals, range hoods, oven ranges, and refrigerators.
A card-operated washer and dryer serve the property. Parking includes two single-car garages and a four-space carport, with additional on-street and assigned parking features. The property is served by public water and falls within the San Jose Unified elementary school district.
A card-operated washer and dryer serve the property. Parking includes two single-car garages and a four-space carport, with additional on-street and assigned parking features. The property is served by public water and falls within the San Jose Unified elementary school district.
Key Highlights
- 3,838 square feet of residential space on a 0.1722‑acre parcel
- R3 zoning
- Two single‑car garages and a 4‑space carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,415
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences share laundry facilities, two garages, and a carport.
Where is this quadplex located?
The property is located at 1032 Vermont Street 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 residential space on a 0.1722‑acre parcel; R3 zoning; Two single‑car garages and a 4‑space carport
