Remodeled Four-Unit
For Sale
$2,100,000
205 Burnham CT, Campbell, CA 95008
Residential Income (2-4 units), CAMPBELL, CA
Property Size3,136 SF
Lot Size0.19 Acres
Price / SF$669.64
Days on Market81
Property Features for 205 Burnham CT
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking features
Garage - Attached, Garage - Detached, On Street
Appliances
Countertop - Stone, Oven Range, Refrigerator
Subdivision
Campbell
Standard status
Active
Size
3,136 SF
Lot size
0.19 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
in-unit washer/dryer
backyard
Building Details
Year built
1963
Number of units
4
Flooring type
Laminate, Tile
Roof type
Composition
Listing Agency:
Intero Real Estate Services
(408) 741-1600
Listed By:
Chaya Shahar · License #01507718
(650) 906-4854
Added: Jun 15
Changed: Aug 21
Last Checked: Sep 3 at 12:06AM
MLS# ML82049318
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.
Investment Insights
Based on property information with market context.
This remodeled quadplex contains four residential units within 3,136 square feet. The configuration includes one approximately 1,000-square-foot, three-bedroom, two-bath residence and three approximately 700-square-foot, one-bedroom, one-bath residences. Improvements include updated kitchens and bathrooms, electrical rewiring, repiping, in-unit washers and dryers, tile and laminate flooring, and wall furnaces. Parking includes garages and additional on-street spaces, while the property also provides private yard and storage features associated with the larger unit and a low-maintenance backyard for shared outdoor use.
Built in 1963 on a 0.1894-acre lot, the property is zoned R-2 and uses public water. All four units are occupied under month-to-month leases. The Campbell address offers access to downtown Campbell, shopping, dining, and major commute routes, with a residential setting and composition roof.
Built in 1963 on a 0.1894-acre lot, the property is zoned R-2 and uses public water. All four units are occupied under month-to-month leases. The Campbell address offers access to downtown Campbell, shopping, dining, and major commute routes, with a residential setting and composition roof.
Key Highlights
- Four‑unit property totaling 3,136 square feet
- Unit mix includes one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units
- Approximately 1,000 square feet in the larger unit and approximately 700 square feet in each 1‑bedroom unit
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
$69,909
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
3.33%
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%
$1,398,180
$1.4M
Cap Rate 7%
$998,700
$998.7K
Cap Rate 9%
$776,767
$776.8K
Market Conditions
NOI Build-Up for 3,136 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
$105.4K $33.60/SF
− Vacancy
−$5.5K −$1.75/SF
EGI
$99.9K $31.85/SF
− OpEx
−$30.0K −$9.55/SF
NOI
$69.9K $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%
$1,398,180
Cap Rate 7%
$998,700
Cap Rate 9%
$776,767
Alternative Uses
Best Use
Multifamily LT 5
$998.7K
$873.9K – $1.17M
NOI $69,909 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$851.6K
$745.1K – $993.5K
NOI $59,609 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,528 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
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?
Quadplex - Updated kitchens and bathrooms, in-unit laundry, garage parking, and shared outdoor space support tenant convenience.
Where is this quadplex located?
The property is located at 205 Burnham CT Campbell, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four‑unit property totaling 3,136 square feet; Unit mix includes one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units; Approximately 1,000 square feet in the larger unit and approximately 700 square feet in each 1‑bedroom unit
