4-Unit Residential Income
For Sale
$2,400,000
166 Michael Drive, Campbell, CA 95008
ResidentialIncome, Ranch, Campbell, CA
Property Size4,510 SF
Lot Size0.18 Acres
Price / SF$532.15
Days on Market37
Property Features for 166 Michael Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-3
Parking features
On Street, Carport
Appliances
WasherDryer
Lot features
Grade Mostly Level
Elementary school
CambrianElementary
High school
CampbellUnionHigh
Elementary school district
CambrianElementary
High school district
CampbellUnionHigh
Subdivision
Campbell
Standard status
Active
APN
412-12-025
Size
4,510 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
24000
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer and dryer
central AC
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Flooring type
Linoleum, Hardwood, Carpet
Roof type
Metal
Architectural style
Ranch
Additional Structures
Shed(s)
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Paul Prouty · License #01171285
(408) 806-3393
Added: Sep 15
Changed: Oct 21
Last Checked: Oct 21 at 6:06AM
MLS# ML82061394
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,510 square feet of living area on a 0.1832-acre parcel. The ranch-style building dates to 1970 and includes carpet, hardwood, and linoleum flooring. Each unit has a washer and dryer along with central air conditioning; kitchen appliances vary by unit.
Parking includes carport and on-street options. The property is served by public water and public sewer, with central forced-air heating and a metal roof. It is located in Campbell, within the Cambrian Elementary school district and two minutes from Pruneyard shopping center.
Parking includes carport and on-street options. The property is served by public water and public sewer, with central forced-air heating and a metal roof. It is located in Campbell, within the Cambrian Elementary school district and two minutes from Pruneyard shopping center.
Key Highlights
- 4,510 square feet of living space across four units
- 0.1832‑acre parcel in Campbell
- Washer and dryer in every unit; central air conditioning throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,538
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,512
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has in-unit laundry and central air conditioning.
Where is this quadplex located?
The property is located at 166 Michael Drive 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: 4,510 square feet of living space across four units; 0.1832‑acre parcel in Campbell; Washer and dryer in every unit; central air conditioning throughout
