Updated Duplex with Private
For Sale
$988,000
Pending
16990 Barnell AVE, Morgan Hill, CA 95037
Two separate residences combine refreshed interiors with individual garages and fenced outdoor areas.
Property Size1,440 SF
Days on Market83
Property Features for 16990 Barnell AVE
General Information
Standard status
Pending
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
private fenced backyards with patios
Building Details
Year Built
1977
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #1393931
(831) 566-5430
Source:
Giuffreproperties
Added: Aug 9
Changed: Oct 28
Last Checked: Oct 28 at 2:43PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1977 duplex contains two mirror-image residences, each with 2 bedrooms, 1 bathroom, a living room, and a kitchen with dining space. Each unit measures 720 square feet, for 1,440 square feet across the property. Interior and exterior painting and new flooring have been completed, and both kitchens include stainless-steel appliances and cabinetry. The units have no shared walls; a garage separates them. Each residence also has a one-car garage with a new door and opener, along with storage, a fenced backyard, and a patio.
The property occupies a corner lot less than half a mile from downtown Morgan Hill’s restaurants, shops, coffee shops, and nightlife. The Caltrain station is one mile away.
The property occupies a corner lot less than half a mile from downtown Morgan Hill’s restaurants, shops, coffee shops, and nightlife. The Caltrain station is one mile away.
Key Highlights
- Two mirror‑image units, each with 2 bedrooms and 1 bathroom
- 720 square feet per unit; 1,440 square feet total
- Separate one‑car garages with new doors and openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,101
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,020
$642.0K
Cap Rate 7%
$458,586
$458.6K
Cap Rate 9%
$356,678
$356.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$48.4K $33.60/SF
− Vacancy
−$2.5K −$1.75/SF
EGI
$45.9K $31.85/SF
− OpEx
−$13.8K −$9.55/SF
NOI
$32.1K $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%
$642,020
Cap Rate 7%
$458,586
Cap Rate 9%
$356,678
Alternative Uses
Best Use
Multifamily LT 5
$458.6K
$401.3K – $535.0K
NOI $32,101 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$869.4K
$760.7K – $1.01M
NOI $60,855 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 95037, CA
53,126
Population
17,185
Households
3.1
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
120.1 sq mi
ZIP Area
442
Density / Sq Mi
$158,256
Median Household Income
$71,130
Median Earnings
$2,242
Median Rent
$1,152,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences combine refreshed interiors with individual garages and fenced outdoor areas.
Where is this duplex located?
The property is located at 16990 Barnell AVE Morgan Hill, CA.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Two mirror‑image units, each with 2 bedrooms and 1 bathroom; 720 square feet per unit; 1,440 square feet total; Separate one‑car garages with new doors and openers
