Four-Unit Apartment
For Sale
$1,300,000
1073 N 5th St, San Jose, CA 95112
Four-unit apartment complex built in 1954, offering direct proximity to major employers and area universities.
Property Size1,680 SF
Days on Market77
Property Features for 1073 N 5th St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multifamily
Occupancy
98%
Amenities
Excellent in place cap rate
Ground Zero Silicon Valley Location
Single Story low density construction
Building Details
Building Size
1,680 SF
Units
4
Listed By:
Mike Henshaw · License #License(s): CA: 01134592
(650) 391-1770
Source:
Marcusmillichap
Added: Jun 26
Changed: Sep 8
Last Checked: Sep 10 at 5:33AM
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 Mike Henshaw
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a four-unit apartment complex built in 1954. The property is situated on a 0.13-acre parcel with approximately 1,680 square feet of gross building area. It offers four separate apartment units within a compact multifamily building.
The asset is located near Downtown San Jose in the Silicon Valley region. Residents are within reach of major employers and technology companies including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. The building is also near Santa Clara University and San Jose State University, and it is a few blocks from multiple travel corridors, including Highways 87, 880, and 101.
For investors, the offering combines a small, four-unit configuration with an established location near employment centers, universities, and major transportation routes.
The asset is located near Downtown San Jose in the Silicon Valley region. Residents are within reach of major employers and technology companies including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. The building is also near Santa Clara University and San Jose State University, and it is a few blocks from multiple travel corridors, including Highways 87, 880, and 101.
For investors, the offering combines a small, four-unit configuration with an established location near employment centers, universities, and major transportation routes.
Key Highlights
- Four‑unit apartment complex built in 1954
- Approximately 1,680 SF gross building area on a 0.13‑acre parcel
- Close to major employment centers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco, Adobe, and LinkedIn
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
$37,826
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
2.91%
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%
$756,520
$756.5K
Cap Rate 7%
$540,371
$540.4K
Cap Rate 9%
$420,289
$420.3K
Market Conditions
NOI Build-Up for 1,680 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
$56.4K $33.60/SF
− Vacancy
−$2.4K −$1.43/SF
EGI
$54.0K $32.17/SF
− OpEx
−$16.2K −$9.65/SF
NOI
$37.8K $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%
$756,520
Cap Rate 7%
$540,371
Cap Rate 9%
$420,289
Alternative Uses
Best Use
Multifamily LT 5
$540.4K
$472.8K – $630.4K
NOI $37,826 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$499.2K
$436.8K – $582.4K
NOI $34,944 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.01M
$887.8K – $1.18M
NOI $71,022 @ 7.0% cap · market cap 5.46%
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
1,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
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 apartment complex built in 1954, offering direct proximity to major employers and area universities.
Where is this quadplex located?
The property is located at 1073 N 5th St San Jose, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit apartment complex built in 1954; Approximately 1,680 SF gross building area on a 0.13‑acre parcel; Close to major employment centers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco, Adobe, and LinkedIn
