Two-Unit Duplex with Private
16990 Barnell Avenue, Morgan Hill, CA 95037
For Sale
$988,000
Pending
ResidentialIncome, MorganHill, CA
Property Size1,440 SF
Lot Size0.16 Acres
Days on Market93
Property Features for 16990 Barnell Avenue
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Appliances
Elementary school
Middle school
High school
Elementary school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private fenced backyards with patios
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Side, Inc
Listed By:
Terel Beppu · License CA #01754691
(408) 829-0112
Added: Aug 9
Changed: Oct 29
Last Checked: Nov 9 at 8:06PM
MLS# ML82057119
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 R3-zoned duplex contains two matching residences, each with 2 bedrooms, 1 bathroom, and 720 square feet. The units have no shared walls; a garage between them provides separation. Each residence includes a one-car garage, a fenced backyard, and a patio. The property totals 1,440 square feet on a 0.1592-acre corner lot. Recent improvements include interior and exterior paint, flooring, kitchen appliances, and garage doors with openers. Kitchens also have cabinetry, and each unit includes a living room and a dining area within the kitchen.
The property is less than half a mile from downtown Morgan Hill’s restaurants, shops, coffee spots, and nightlife, and one mile from the Caltrain station. Public water and sewer serve the site.
The property is less than half a mile from downtown Morgan Hill’s restaurants, shops, coffee spots, and nightlife, and one mile from the Caltrain station. Public water and sewer serve the site.
Key Highlights
- Two residences, each with 2 bedrooms, 1 bathroom, and 720 square feet
- 1,440 square feet total on a 0.1592‑acre corner lot
- No shared walls; garages separate the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,517
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,340
$650.3K
Cap Rate 7%
$464,529
$464.5K
Cap Rate 9%
$361,300
$361.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$48.4K $33.60/SF
− Vacancy
−$1.9K −$1.34/SF
EGI
$46.5K $32.26/SF
− OpEx
−$13.9K −$9.68/SF
NOI
$32.5K $22.58/SF
Area
Santa Clara County, CA
Vacancy
3.99%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,340
Cap Rate 7%
$464,529
Cap Rate 9%
$361,300
Alternative Uses
Best Use
Multifamily LT 5
$464.5K
$406.5K – $542.0K
NOI $32,517 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 3.04%
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
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
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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
$1,152,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Santa Clara County, CA
Properties on Market for Duplexes in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate garages divide the residences, while private fenced yards provide each unit with outdoor space.
Where is this duplex located?
The property is located at 16990 Barnell Avenue 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 residences, each with 2 bedrooms, 1 bathroom, and 720 square feet; 1,440 square feet total on a 0.1592‑acre corner lot; No shared walls; garages separate the units
