Multi-Building Apartment
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126-136 N 7th St, San Jose, CA 95112
Four buildings across two parcels contain a mix of one- and three-bedroom apartment units.
Property Size5,873 SF
Lot Size0.35 Acres
Price / SF$383.11
Days on Market7
Property Features for 126-136 N 7th St
General Information
Standard status
Active
Size
5,873 SF
Lot size
0.35 Acres
Property subtype
Multifamily
Zoning
Residential Neighborhood
Investment Type
Value Add
Net Operating Income
$104,241
Units
Unit Mix
9 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
10
Building Details
Year Built
1898
Buildings
4
Stories
2
Units
10
Tenancy
Multi
Listing Agency:
Silicon Valley Multifamily Group
(408) 356-1900
Listed By:
Michael Shields · License #CA 1327546
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Sep 1 at 12:12PM
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 Silicon Valley Multifamily Group
Investment Insights
Based on property information with market context.
This apartment property comprises 10 units distributed among four buildings on two parcels. The layout includes a triplex with three one-bedroom, one-bath units; a single-family residence with three bedrooms and one bath; a duplex with two one-bedroom, one-bath units; and a fourplex with four one-bedroom, one-bath units. The property was built in 1898 and carries Residential Neighborhood zoning.
The buildings are located at 126–136 N 7th Street in San Jose, California 95112. The two parcels encompass 15,420 SF, with the individual structures addressed as 126, 128, 130, 132, 132-A, 134, and 136 N 7th Street. The configuration provides a combination of multifamily and single-family residential units within one assembled property.
The buildings are located at 126–136 N 7th Street in San Jose, California 95112. The two parcels encompass 15,420 SF, with the individual structures addressed as 126, 128, 130, 132, 132-A, 134, and 136 N 7th Street. The configuration provides a combination of multifamily and single-family residential units within one assembled property.
Key Highlights
- 10 units across 4 buildings
- 2 parcels totaling 15,420 SF
- Three 1BR/1BA units in a triplex
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
$122,158
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
5.43%
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%
$2,443,160
$2.4M
Cap Rate 7%
$1,745,114
$1.7M
Cap Rate 9%
$1,357,311
$1.4M
Market Conditions
NOI Build-Up for 5,873 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
$232.6K $39.60/SF
− Vacancy
−$10.5K −$1.78/SF
EGI
$222.1K $37.82/SF
− OpEx
−$99.9K −$17.02/SF
NOI
$122.2K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
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%
$2,443,160
Cap Rate 7%
$1,745,114
Cap Rate 9%
$1,357,311
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,158 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.10M – $4.14M
NOI $248,282 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
6,117
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings across two parcels contain a mix of one- and three-bedroom apartment units.
Where is this apartment building located?
The property is located at 126-136 N 7th St San Jose, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10 units across 4 buildings; 2 parcels totaling 15,420 SF; Three 1BR/1BA units in a triplex
