Quadplex with In-Unit
New
For Sale
$2,400,000
166 Michael DR, Campbell, CA 95008
Four-unit property with central air conditioning and individual laundry equipment in every unit.
Property Size4,510 SF
Price / SF$532.15
Days on Market3
Property Features for 166 Michael DR
General Information
Standard status
Active
Size
4,510 SF
Property subtype
Fourplex
Taxes and HOA fees
Annual Taxes
$30,000
Amenities
kitchen appliances
in-unit washer and dryer
central AC
Building Details
Building Size
4,510 SF
Year Built
1970
Listing Agency:
KW Bay Area Estates
Listed By:
Paul Prouty · License #01171285
(408) 806-3393
Source:
Lynnnorth
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 2:34PM
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 KW Bay Area Estates
Investment Insights
Based on property information with market context.
This 1970-built quadplex contains approximately 4,510 square feet across four residential units. Each unit includes central air conditioning, an in-unit washer and dryer, and a kitchen with appliances that vary by unit. Interior finishes include carpet, hardwood, and vinyl or linoleum flooring.
The property is located in Campbell within the Cambrian Elementary school district and approximately two minutes from Pruneyard shopping center. Situated at 166 Michael DR, the asset combines individual-unit amenities with a four-unit residential configuration.
The property is located in Campbell within the Cambrian Elementary school district and approximately two minutes from Pruneyard shopping center. Situated at 166 Michael DR, the asset combines individual-unit amenities with a four-unit residential configuration.
Key Highlights
- Approximately 4,510 square feet of living space
- Four residential units, each with central AC
- In‑unit washer and dryer provided for every unit
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
$100,538
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
4.19%
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%
$2,010,760
$2.0M
Cap Rate 7%
$1,436,257
$1.4M
Cap Rate 9%
$1,117,089
$1.1M
Market Conditions
NOI Build-Up for 4,510 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
$151.5K $33.60/SF
− Vacancy
−$7.9K −$1.75/SF
EGI
$143.6K $31.85/SF
− OpEx
−$43.1K −$9.55/SF
NOI
$100.5K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
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%
$2,010,760
Cap Rate 7%
$1,436,257
Cap Rate 9%
$1,117,089
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,538 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,726 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,593 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
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?
Quadplex - Four-unit property with central air conditioning and individual laundry equipment in every unit.
Where is this quadplex located?
The property is located at 166 Michael DR Campbell, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 4,510 square feet of living space; Four residential units, each with central AC; In‑unit washer and dryer provided for every unit
