Fourplex with Covered
For Sale
$1,595,000
1081 Newhall ST, San Jose, CA 95126
Residential Income (2-4 units), SAN JOSE, CA
Property Size2,400 SF
Lot Size0.16 Acres
Price / SF$664.58
Days on Market46
Property Features for 1081 Newhall ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Off Street, Carport
Appliances
Oven Range, Refrigerator
Subdivision
Santa Clara
Standard status
Active
Size
2,400 SF
Lot size
0.16 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1952
Number of units
4
Roof type
Composition
Listing Agency:
Compass
(408) 358-1111
Listed By:
Jane He · License #02094580
(408) 781-2751
Added: Jul 16
Changed: Aug 25
Last Checked: Aug 30 at 1:06AM
MLS# ML82042359
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 1952-built fourplex contains four one-bedroom, one-bathroom units within approximately 2,400 square feet. The property sits on 0.1584 acres and includes four covered carport spaces, additional off-street parking, composition roofing, wall-furnace heating, and public water service. Each unit is equipped with an oven range and refrigerator.
All four units are tenant-occupied under month-to-month leases. The property is located in San Jose’s Santa Clara neighborhood near the Rose Garden area, with access to Highway 880, downtown San Jose, shopping, dining, and upcoming Google campus developments. RM zoning applies to the property.
All four units are tenant-occupied under month-to-month leases. The property is located in San Jose’s Santa Clara neighborhood near the Rose Garden area, with access to Highway 880, downtown San Jose, shopping, dining, and upcoming Google campus developments. RM zoning applies to the property.
Key Highlights
- Four one‑bedroom, one‑bathroom units
- 2,400 square feet on a 0.1584‑acre lot
- Four covered carport spaces plus off‑street parking
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
$54,038
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
3.39%
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%
$1,080,760
$1.1M
Cap Rate 7%
$771,971
$772.0K
Cap Rate 9%
$600,422
$600.4K
Market Conditions
NOI Build-Up for 2,400 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
$80.6K $33.60/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$77.2K $32.17/SF
− OpEx
−$23.2K −$9.65/SF
NOI
$54.0K $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%
$1,080,760
Cap Rate 7%
$771,971
Cap Rate 9%
$600,422
Alternative Uses
Best Use
Multifamily LT 5
$772.0K
$675.5K – $900.6K
NOI $54,038 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$713.1K
$624.0K – $832.0K
NOI $49,920 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,460 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,571
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four tenant-occupied one-bedroom units with month-to-month leases and convenient access to Highway 880.
Where is this quadplex located?
The property is located at 1081 Newhall ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; 2,400 square feet on a 0.1584‑acre lot; Four covered carport spaces plus off‑street parking
