Three-Unit Apartment
For Sale
$2,149,000
1826 Higdon AVE, Mountain View, CA 94041
Built in 1962, the property contains three matching residential units with practical layouts for rental or owner occupancy.
Property Size2,875 SF
Days on Market207
Property Features for 1826 Higdon AVE
General Information
Standard status
Active
Size
2,875 SF
Property subtype
Triplex
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$30,000
Building Details
Building Size
2,875 SF
Year Built
1962
Listing Agency:
Intero Real Estate Services
(650) 281-9585
Listed By:
Hugo De Hoyos · License #01153534
(650) 281-9585
Source:
Johnpaye
Added: Jan 27
Changed: Aug 16
Last Checked: Aug 21 at 10:21AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This triplex, constructed in 1962, includes three residential units, each arranged with three bedrooms and one bathroom. The consistent unit configuration supports straightforward management across the property and allows an owner-occupant arrangement in which one unit is used personally while the remaining two are rented.
The property is located at 1826 Higdon AVE in Mountain View, near Downtown Mountain View. Nearby technology employers identified for the area include Google, LinkedIn, and Microsoft. The three-unit format combines a compact multifamily footprint with separate residential accommodations under one ownership.
The property is located at 1826 Higdon AVE in Mountain View, near Downtown Mountain View. Nearby technology employers identified for the area include Google, LinkedIn, and Microsoft. The three-unit format combines a compact multifamily footprint with separate residential accommodations under one ownership.
Key Highlights
- Three residential units, each with 3 bedrooms and 1 bathroom
- Built in 1962
- Located at 1826 Higdon AVE, Mountain View, CA 94041
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
$64,090
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
2.98%
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%
$1,281,800
$1.3M
Cap Rate 7%
$915,571
$915.6K
Cap Rate 9%
$712,111
$712.1K
Market Conditions
NOI Build-Up for 2,875 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
$96.6K $33.60/SF
− Vacancy
−$5.0K −$1.75/SF
EGI
$91.6K $31.85/SF
− OpEx
−$27.5K −$9.55/SF
NOI
$64.1K $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 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%
$1,281,800
Cap Rate 7%
$915,571
Cap Rate 9%
$712,111
Alternative Uses
Best Use
Multifamily LT 5
$915.6K
$801.1K – $1.07M
NOI $64,090 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$780.7K
$683.1K – $910.8K
NOI $54,648 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,498 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 94041, CA
15,604
Population
7,383
Households
2.1
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
9,753
Density / Sq Mi
$168,980
Median Household Income
$96,520
Median Earnings
$2,927
Median Rent
$2,000,001
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?
Triplex - Built in 1962, the property contains three matching residential units with practical layouts for rental or owner occupancy.
Where is this triplex located?
The property is located at 1826 Higdon AVE Mountain View, CA.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: Three residential units, each with 3 bedrooms and 1 bathroom; Built in 1962; Located at 1826 Higdon AVE, Mountain View, CA 94041
