Updated Duplex With Gas
For Sale
$1,050,000
Pending
1791 E William Street, San Jose, CA 95116
An updated duplex with two kitchens featuring gas stoves, plus laundry hookups and skylights above shower areas.
Property Size1,488 SF
Days on Market136
Property Features for 1791 E William Street
General Information
Standard status
Pending
Size
1,488 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
laundry hookups
skylights above showers
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
American Dream Realty
Listed By:
Jose Jaquez · License #01190481
(408) 293-8700
Source:
Exitrealty
Added: Apr 25
Changed: Aug 8
Last Checked: Jul 30 at 8:03AM
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 American Dream Realty
Investment Insights
Based on property information with market context.
This updated duplex offers two residential units with kitchens equipped with gas stoves. Each unit includes laundry hookups for a washer and dryer, and both bathrooms and floors have been updated. Skylights are installed above the shower areas, and the property has new interior and exterior paint. Double pane windows have also been added or replaced to improve the home’s envelope.
The property is within walking distance to schools and is close to Highway 101 and Highway 680 for convenient regional access.
As a duplex configuration, the layout provides two separate units under one ownership, making it well suited for an owner-occupant living in one unit while collecting rent from the other.
The property is within walking distance to schools and is close to Highway 101 and Highway 680 for convenient regional access.
As a duplex configuration, the layout provides two separate units under one ownership, making it well suited for an owner-occupant living in one unit while collecting rent from the other.
Key Highlights
- Updated duplex built in 1961 with two units
- Both units have kitchens equipped with gas stoves
- Laundry hookups available in both units for washer & dryer
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
$33,503
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
3.19%
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%
$670,060
$670.1K
Cap Rate 7%
$478,614
$478.6K
Cap Rate 9%
$372,256
$372.3K
Market Conditions
NOI Build-Up for 1,488 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
$50.0K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$47.9K $32.17/SF
− OpEx
−$14.4K −$9.65/SF
NOI
$33.5K $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%
$670,060
Cap Rate 7%
$478,614
Cap Rate 9%
$372,256
Alternative Uses
Best Use
Multifamily LT 5
$478.6K
$418.8K – $558.4K
NOI $33,503 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$442.1K
$386.9K – $515.8K
NOI $30,950 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
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 - An updated duplex with two kitchens featuring gas stoves, plus laundry hookups and skylights above shower areas.
Where is this duplex located?
The property is located at 1791 E William Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Updated duplex built in 1961 with two units; Both units have kitchens equipped with gas stoves; Laundry hookups available in both units for washer & dryer
