Spanish-Style Duplex with
New
For Sale
$1,195,000
196 N 17th St, San Jose, CA 95112
Two residential units feature fireplaces, private laundry areas, basement storage, and recently refreshed interiors.
Property Size1,732 SF
Price / SF$689.95
Days on Market7
Property Features for 196 N 17th St
General Information
Standard status
Active
Size
1,732 SF
Property subtype
Residential Income
Listing Agency:
Intero Real Estate Services
(650) 947-4700
Listed By:
Dominic Nicoli · License #01112681
(408) 892-3122
Source:
Exprealty
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 1 at 8:37PM
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 Spanish-style duplex contains two residential units, each offering 1 bedroom and 1 bath within approximately 866 sq. ft. The combined property includes 2 bedrooms and 2 baths, with a 3-car detached garage. Interior features include living rooms with wood-burning fireplaces, dining areas, kitchens equipped with gas ranges and tile countertops, and bathrooms with tiled shower-over-tub configurations. Each unit also has a laundry room with storage and a sink, along with a basement. Fresh paint and new carpet are noted throughout the interiors.
The property is located in the Roosevelt Park neighborhood, approximately 2 miles from Downtown San Jose. Access to Hwy 101 and East Santa Clara Street provides connections to the Silicon Valley area, while parks and public transit options are nearby.
The property is located in the Roosevelt Park neighborhood, approximately 2 miles from Downtown San Jose. Access to Hwy 101 and East Santa Clara Street provides connections to the Silicon Valley area, while parks and public transit options are nearby.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 baths combined
- Each unit offers 1 bedroom, 1 bath, and approximately 866 sq. ft.
- 3‑car detached garage
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
$38,997
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
3.26%
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%
$779,940
$779.9K
Cap Rate 7%
$557,100
$557.1K
Cap Rate 9%
$433,300
$433.3K
Market Conditions
NOI Build-Up for 1,732 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
$58.2K $33.60/SF
− Vacancy
−$2.5K −$1.43/SF
EGI
$55.7K $32.17/SF
− OpEx
−$16.7K −$9.65/SF
NOI
$39.0K $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%
$779,940
Cap Rate 7%
$557,100
Cap Rate 9%
$433,300
Alternative Uses
Best Use
Multifamily LT 5
$557.1K
$487.5K – $650.0K
NOI $38,997 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$514.6K
$450.3K – $600.4K
NOI $36,025 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,221 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature fireplaces, private laundry areas, basement storage, and recently refreshed interiors.
Where is this duplex located?
The property is located at 196 N 17th St San Jose, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 baths combined; Each unit offers 1 bedroom, 1 bath, and approximately 866 sq. ft.; 3‑car detached garage
