Two-Home Duplex
For Sale
$1,400,000
1120 Park AVE, San Jose, CA 95126
Residential Income (2-4 units), Craftsman, Ranch, San Jose, CA
Property Size1,900 SF
Lot Size0.13 Acres
Price / SF$736.84
Days on Market47
Property Features for 1120 Park AVE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
G
Bedrooms
5
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 1
Parking features
Off Street, On Street
Interior features
High Ceiling
Lot features
Grade - Mostly Level
Subdivision
Central San Jose
Standard status
Active
Size
1,900 SF
Lot size
0.13 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1946
Flooring type
Laminate, Carpet
Building materials
Wood Frame
Roof type
Composition
Architectural style
Ranch, Craftsman
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Paul Prouty · License #01171285
(408) 806-3393
Added: Jul 17
Changed: Aug 20
Last Checked: Sep 1 at 4:06AM
MLS# ML82054525
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 duplex property includes two separate residences on a single parcel. The front home provides three bedrooms and one bathroom, while the rear home includes two bedrooms and one bathroom. Combined interior area is approximately 1,900 square feet on a 5,808-square-foot lot. Interior finishes include laminate and carpet flooring, and the front residence features high ceilings in the living area. Both homes use wall-furnace heating and wood-frame construction, with composition roofing and public water service.
Built in 1946, the property reflects Ranch and Craftsman architectural styles. Parking is available both on street and off street. The residences are within the San Jose Unified elementary school district and are located in San Jose, California.
Built in 1946, the property reflects Ranch and Craftsman architectural styles. Parking is available both on street and off street. The residences are within the San Jose Unified elementary school district and are located in San Jose, California.
Key Highlights
- Two residences on one 5,808‑square‑foot lot
- Approximately 1,900 square feet combined
- Front home has 3 bedrooms and 1 bathroom
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
$42,780
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
3.06%
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%
$855,600
$855.6K
Cap Rate 7%
$611,143
$611.1K
Cap Rate 9%
$475,333
$475.3K
Market Conditions
NOI Build-Up for 1,900 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
$63.8K $33.60/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$61.1K $32.17/SF
− OpEx
−$18.3K −$9.65/SF
NOI
$42.8K $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%
$855,600
Cap Rate 7%
$611,143
Cap Rate 9%
$475,333
Alternative Uses
Best Use
Multifamily LT 5
$611.1K
$534.8K – $713.0K
NOI $42,780 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$564.6K
$494.0K – $658.7K
NOI $39,520 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,323 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,139
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?
Duplex - Separate front and rear residences offer distinct living spaces within one established residential property.
Where is this duplex located?
The property is located at 1120 Park AVE San Jose, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two residences on one 5,808‑square‑foot lot; Approximately 1,900 square feet combined; Front home has 3 bedrooms and 1 bathroom
