Triplex with Individual Room
New
For Sale
$999,888
467 S 3rd St, San Jose, CA 95112
Eight rooms are rented separately, with tenants in place.
Property Size2,620 SF
Days on Market7
Property Features for 467 S 3rd St
General Information
Standard status
Active
Size
2,620 SF
Property subtype
Investment
Lease Term
12 months
Additional Details
Gross Income
$166,344
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$19,200
Building Details
Building Size
2,620 SF
Year Built
1898
Stories
2
Units
3
Listed By:
Wesley Craig
(408) 772-0087
Source:
Elliman
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:41PM
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 Wesley Craig
Investment Insights
Based on property information with market context.
The property at 467 S. 3rd Street is legally recognized as a triplex under its Residential Occupancy Permit. Its eight income-producing rooms are rented individually, with a mix of subsidized and self-pay tenants. The building dates to 1898.
Walk, bike, and transit scores are 88, 93, and 61, respectively.
Walk, bike, and transit scores are 88, 93, and 61, respectively.
Key Highlights
- Eight individually rented rooms
- Legally recognized as a triplex under its Residential Occupancy Permit
- Year built: 1898
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,991
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,820
$1.2M
Cap Rate 7%
$842,729
$842.7K
Cap Rate 9%
$655,456
$655.5K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$88.0K $33.60/SF
− Vacancy
−$3.8K −$1.43/SF
EGI
$84.3K $32.17/SF
− OpEx
−$25.3K −$9.65/SF
NOI
$59.0K $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 Rate 5%
$1,179,820
Cap Rate 7%
$842,729
Cap Rate 9%
$655,456
Alternative Uses
Best Use
Multifamily LT 5
$842.7K
$737.4K – $983.2K
NOI $58,991 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$778.5K
$681.2K – $908.3K
NOI $54,496 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,761 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,957
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Eight rooms are rented separately, with tenants in place.
Where is this triplex located?
The property is located at 467 S 3rd St San Jose, CA.
What is the asking price?
The asking price for this property is $999,888.
What are key features of this property?
This property features: Eight individually rented rooms; Legally recognized as a triplex under its Residential Occupancy Permit; Year built: 1898
