Duplex with Private
For Sale
$1,350,000
1501 Kooser Road, San Jose, CA 95118
Two units provide separate garages, laundry areas, courtyards, and fenced backyards.
Property Size1,893 SF
Price / SF$713.15
Days on Market365
Property Features for 1501 Kooser Road
General Information
Standard status
Active
Size
1,893 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,303
Amenities
private courtyards
large fenced backyards
laundry
Building Details
Year Built
1971
Buildings
1
Listing Agency:
Milestone Realty
(408) 712-3432
Listed By:
Susan Kuramoto · License #01199727
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:54PM
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 Milestone Realty
Investment Insights
Based on property information with market context.
This 1,893-square-foot duplex, built in 1971, offers a two-bedroom, one-bath unit and a three-bedroom, two-full-bath unit. One side has been remodeled, while the other is occupied by a tenant. Both residences include a private courtyard, a large fenced backyard, a one-car garage, and laundry facilities.
The property is located at 1501 Kooser Road in San Jose, near Princeton Plaza, the farmers market, DeAnza Park, Oakridge Mall, shopping, and restaurants. Highway 17, Highway 85, and Highway 87 are minutes away. Tenant access is appointment-only, and the property is available for scheduled viewing.
The property is located at 1501 Kooser Road in San Jose, near Princeton Plaza, the farmers market, DeAnza Park, Oakridge Mall, shopping, and restaurants. Highway 17, Highway 85, and Highway 87 are minutes away. Tenant access is appointment-only, and the property is available for scheduled viewing.
Key Highlights
- 1,893‑square‑foot duplex built in 1971
- Two‑bedroom, one‑bath unit paired with a three‑bedroom, two‑full‑bath unit
- One unit remodeled; the other has a tenant in place
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
$42,622
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
3.16%
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%
$852,440
$852.4K
Cap Rate 7%
$608,886
$608.9K
Cap Rate 9%
$473,578
$473.6K
Market Conditions
NOI Build-Up for 1,893 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
$63.6K $33.60/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$60.9K $32.17/SF
− OpEx
−$18.3K −$9.65/SF
NOI
$42.6K $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%
$852,440
Cap Rate 7%
$608,886
Cap Rate 9%
$473,578
Alternative Uses
Best Use
Multifamily LT 5
$608.9K
$532.8K – $710.4K
NOI $42,622 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$562.5K
$492.2K – $656.2K
NOI $39,374 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,027 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 95118, CA
32,764
Population
11,941
Households
2.7
Avg Household Size
40
Median Age
53%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
7,991
Density / Sq Mi
$148,438
Median Household Income
$80,817
Median Earnings
$2,488
Median Rent
$1,377,000
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 units provide separate garages, laundry areas, courtyards, and fenced backyards.
Where is this duplex located?
The property is located at 1501 Kooser Road San Jose, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1,893‑square‑foot duplex built in 1971; Two‑bedroom, one‑bath unit paired with a three‑bedroom, two‑full‑bath unit; One unit remodeled; the other has a tenant in place
