Santa Clara Multifamily Investment
For Sale
$2,880,000
1896 Market St, Santa Clara, CA 95050
9-unit apartment building in Santa Clara with strong rental upside.
Property Size6,175 SF
Price / SF$466.40
Days on Market233
Property Features for 1896 Market St
General Information
Standard status
Active
Size
6,175 SF
Site & Location
Neighborhood
Forest
Building Details
Year Built
1957
Listing Agency:
Coldwell Banker Realty
Listed By:
Vicky Li · License #01896360
(408) 300-3022
Source:
Myfabuloushome
Added: Mar 5
Changed: Oct 21
Last Checked: Oct 23 at 9:16AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 9-unit multifamily property is located in Santa Clara and features a unit mix of one 2-bed/1.5-bath, two 2-bed/1-bath, five 1-bed/1-bath, and one studio. The units offer walk-in closets, large bedrooms, hallway storage, dining areas, and living rooms. The 2-bed/1.5-bath unit is approximately 925 square feet, and the 2-bed/1-bath units are around 875 square feet. The property has no rent control and offers rental upside. The grounds are well-maintained and include a large shared backyard, a spacious side yard with benches and BBQ areas, and tenant parking. The property is located near Saratoga and Bellomy, with proximity to major employers, universities, shopping, dining, and transit. This property is suitable for student or corporate housing.
Key Highlights
- 9‑unit investment property in Santa Clara with a desirable unit mix.
- No rent control and strong rental upside potential.
- Ideally located near major employers, universities, shopping, dining, and transit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,784
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,335,680
$2.3M
Cap Rate 7%
$1,668,343
$1.7M
Cap Rate 9%
$1,297,600
$1.3M
Market Conditions
NOI Build-Up for 6,175 SF
Gross rent
$223.0K $36.12/SF
− Vacancy
−$10.7K −$1.73/SF
EGI
$212.3K $34.39/SF
− OpEx
−$95.6K −$15.47/SF
NOI
$116.8K $18.91/SF
Area
Santa Clara, CA
Vacancy
4.80%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,335,680
Cap Rate 7%
$1,668,343
Cap Rate 9%
$1,297,600
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,784 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,956 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
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?
Apartment building - 9-unit apartment building in Santa Clara with strong rental upside.
Where is this apartment building located?
The property is located at 1896 Market St Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: 9‑unit investment property in Santa Clara with a desirable unit mix.; No rent control and strong rental upside potential.; Ideally located near major employers, universities, shopping, dining, and transit.
