Historic Triplex with Three
For Sale
$1,600,000
1086 Madison Street, Santa Clara, CA 95050
Historic triplex offering three residential units and an attached 2-car garage plus an additional parking space.
Property Size4,354 SF
Price / SF$367.48
Days on Market100
Property Features for 1086 Madison Street
General Information
Standard status
Active
Size
4,354 SF
Total Parking Spaces
3
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
Intero Real Estate Services
(408) 342-3000
Listed By:
Al Moridi · License #00994609
(408) 202-8377
Source:
Exitrealty
Added: May 29
Changed: Sep 4
Last Checked: Jul 31 at 7:30AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This historic triplex includes three residential units with distinct bedroom and bathroom configurations. Unit 1 is a 1-bedroom, 1-bath layout, Unit 2 features 2 bedrooms and 2 bathrooms, and Unit 3 offers 3 bedrooms and 2.5 bathrooms. The property also includes an oversized porch, a 2-car garage, and an additional parking space. Two large backyard storage units provide extra off-structure storage.
The property is located near major freeways and expressways, with close proximity to NVIDIA, Intel, and Apple, as well as Levi’s Stadium, Santa Clara University, Kaiser Permanente, and shopping and dining at Westfield Valley Fair, Santana Row, and downtown Santa Clara.
Overall, the building’s unit mix supports a flexible residential income setup while retaining historic character and practical outdoor storage space.
The property is located near major freeways and expressways, with close proximity to NVIDIA, Intel, and Apple, as well as Levi’s Stadium, Santa Clara University, Kaiser Permanente, and shopping and dining at Westfield Valley Fair, Santana Row, and downtown Santa Clara.
Overall, the building’s unit mix supports a flexible residential income setup while retaining historic character and practical outdoor storage space.
Key Highlights
- Historic triplex built in 1950 in Santa Clara’s Old Quad neighborhood
- Approximately 4,354 sq. ft. total living space with 3 residential units
- Unit mix: 1BD/1BA, 2BD/2BA, and 3BD/2.5BA across the three units
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
$92,849
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
5.80%
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%
$1,856,980
$1.9M
Cap Rate 7%
$1,326,414
$1.3M
Cap Rate 9%
$1,031,656
$1.0M
Market Conditions
NOI Build-Up for 4,354 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
$138.5K $31.80/SF
− Vacancy
−$5.8K −$1.34/SF
EGI
$132.6K $30.46/SF
− OpEx
−$39.8K −$9.14/SF
NOI
$92.8K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /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%
$1,856,980
Cap Rate 7%
$1,326,414
Cap Rate 9%
$1,031,656
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,849 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,345 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,000 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
Explore this area
Business Placement
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
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?
Triplex - Historic triplex offering three residential units and an attached 2-car garage plus an additional parking space.
Where is this triplex located?
The property is located at 1086 Madison Street Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Historic triplex built in 1950 in Santa Clara’s Old Quad neighborhood; Approximately 4,354 sq. ft. total living space with 3 residential units; Unit mix: 1BD/1BA, 2BD/2BA, and 3BD/2.5BA across the three units
