Victorian Triplex with
New
For Sale
$1,348,000
1365 Vine ST, San Jose, CA 95110
Residential Income (2-4 units), Victorian, San Jose, CA
Property Size2,231 SF
Lot Size0.13 Acres
Price / SF$604.21
Days on Market7
Property Features for 1365 Vine ST
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R2
Bedrooms
5
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Parking
3
Subdivision
Central San Jose
Standard status
Active
Size
2,231 SF
Lot size
0.13 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Wall Furnace, Central, Radiant, Radiant Floor
Water source
Public
Amenities
laundry
storage
private front yard
backyard/patio
Building Details
Year built
1900
Number of units
3
Flooring type
Linoleum
Roof type
Composition
Architectural style
Victorian
Listing Agency:
Christie's International Real Estate Sereno
(408) 335-1400
Listed By:
The Gummow Brothers · License #70010170
(408) 616-9146
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 22 at 1:06PM
MLS# ML82060888
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 Victorian triplex contains 2,231 square feet across three separate residences on a 0.1258-acre lot. The front unit offers two bedrooms, one bathroom, a porch, and private front-yard space. A basement residence includes two bedrooms, one bathroom, a kitchen, living room, and family room. The rear unit has one bedroom plus an office that may serve as a second bedroom, one bathroom, and access to a backyard and patio. Two units are occupied, while the third is vacant. The property is zoned R2 and includes approximately 3 onsite parking spaces plus guest parking, laundry, and storage.
Capital improvements include 200-amp electrical service, rewiring, Type L copper plumbing, a city-inspected seismic retrofit, owned solar, drainage and grading work, foundation waterproofing, and a roof replacement completed in 2016. Interior updates include quartz countertops, cabinetry, stainless appliances, LVP flooring, recessed lighting, and dual-pane windows. The property is near Downtown San Jose, SJC Airport, The Plant, and Highways 87, 280, 680, and 101.
Capital improvements include 200-amp electrical service, rewiring, Type L copper plumbing, a city-inspected seismic retrofit, owned solar, drainage and grading work, foundation waterproofing, and a roof replacement completed in 2016. Interior updates include quartz countertops, cabinetry, stainless appliances, LVP flooring, recessed lighting, and dual-pane windows. The property is near Downtown San Jose, SJC Airport, The Plant, and Highways 87, 280, 680, and 101.
Key Highlights
- Three separate units totaling 2,231 square feet
- Unit mix includes two 2 bed/1 bath units and one 1 bed plus office/1 bath unit
- Two units occupied; rear unit vacant
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
$50,233
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
3.73%
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%
$1,004,660
$1.0M
Cap Rate 7%
$717,614
$717.6K
Cap Rate 9%
$558,144
$558.1K
Market Conditions
NOI Build-Up for 2,231 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
$75.0K $33.60/SF
− Vacancy
−$3.2K −$1.43/SF
EGI
$71.8K $32.17/SF
− OpEx
−$21.5K −$9.65/SF
NOI
$50.2K $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%
$1,004,660
Cap Rate 7%
$717,614
Cap Rate 9%
$558,144
Alternative Uses
Best Use
Multifamily LT 5
$717.6K
$627.9K – $837.2K
NOI $50,233 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$662.9K
$580.1K – $773.4K
NOI $46,405 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,316 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
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
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Frequently Asked Questions
What type of property is this?
Triplex - Updated three-unit property with two occupied residences, one vacant unit, onsite parking, and extensive infrastructure upgrades.
Where is this triplex located?
The property is located at 1365 Vine ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Three separate units totaling 2,231 square feet; Unit mix includes two 2 bed/1 bath units and one 1 bed plus office/1 bath unit; Two units occupied; rear unit vacant
