Updated Duplex with Two
For Sale
$949,000
Pending
1397 Vine Street, San Jose, CA 95110
Two separate residences offer flexible living arrangements, private outdoor space, and parking that includes RV accommodation.
Property Size1,468 SF
Days on Market368
Property Features for 1397 Vine Street
General Information
Standard status
Pending
Size
1,468 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 2BR/1BA
Multifamily Units
2
Amenities
laundry area
attic storage
back yard
RV parking
Building Details
Year Built
1905
Buildings
2
Listing Agency:
Intero Real Estate Services
(650) 931-8300
Listed By:
Hugo De Hoyos · License #01153534
(650) 281-9585
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Aug 31
Last Checked: Sep 1 at 3:54PM
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 duplex property at 1397 Vine Street includes two separate residences totaling 1,468 square feet. The front home provides three bedrooms, an office, an updated kitchen with substantial cabinet storage, a breakfast bar, new paint and flooring, plus a basement laundry area and attic storage. It is vacant and ready for occupancy.
The rear residence includes two bedrooms, one full bathroom, a living room, and a kitchenette equipped with a refrigerator and stackable washer and dryer. The rear home also has its own backyard area and was built in 1994 with permits. Both residences have been updated, and the property includes ample parking for both homes along with dedicated RV parking.
The rear residence includes two bedrooms, one full bathroom, a living room, and a kitchenette equipped with a refrigerator and stackable washer and dryer. The rear home also has its own backyard area and was built in 1994 with permits. Both residences have been updated, and the property includes ample parking for both homes along with dedicated RV parking.
Key Highlights
- Two separate residences totaling 1,468 square feet
- Front home with 3 bedrooms, office, basement laundry area, and attic storage
- Front residence is vacant and ready for occupancy
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
$33,053
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
3.48%
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%
$661,060
$661.1K
Cap Rate 7%
$472,186
$472.2K
Cap Rate 9%
$367,256
$367.3K
Market Conditions
NOI Build-Up for 1,468 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
$49.3K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$47.2K $32.17/SF
− OpEx
−$14.2K −$9.65/SF
NOI
$33.1K $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%
$661,060
Cap Rate 7%
$472,186
Cap Rate 9%
$367,256
Alternative Uses
Best Use
Multifamily LT 5
$472.2K
$413.2K – $550.9K
NOI $33,053 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$436.2K
$381.7K – $508.9K
NOI $30,534 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,060 @ 7.0% cap · market cap 6.54%
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
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
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 - Two separate residences offer flexible living arrangements, private outdoor space, and parking that includes RV accommodation.
Where is this duplex located?
The property is located at 1397 Vine Street San Jose, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two separate residences totaling 1,468 square feet; Front home with 3 bedrooms, office, basement laundry area, and attic storage; Front residence is vacant and ready for occupancy
