Building Details

Year built 1962

Number of units 2

Roof type Composition

Listing Agency: Real Brokerage Technologies c***@therealbrokerage.com Show Phone

Listed By: Lex Orosco · License #01930420 Show Phone

Added: Oct 16 Changed: Oct 18 Last Checked: Oct 19 at 1:06AM

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MLS# ML82064921

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Investment Insights

Based on property information with market context.

This R-M-zoned duplex contains two 3-bedroom, 1-bathroom residences, each with approximately 900 square feet of living area. The rear residence is vacant and has new carpet and fresh interior paint; the front residence is tenant occupied. Built in 1962, the property has central natural-gas, forced-air heating and wall-unit cooling. Public water serves the site, and the roof is composition.

The parcel measures approximately 8,000 square feet, or 0.1836 acres, at 212 Pamela Avenue in San Jose. Listed appliances include an electric cooktop, built-in oven, range hood, tile countertop and refrigerator.

Key Highlights

• Two residences, each with 3 bedrooms and 1 bathroom
• Approximately 900 square feet of living area per residence
• Rear unit vacant with new carpet and fresh interior paint; front unit tenant occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,528

Cap Rate

3.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$810,560 $810.6K

Cap Rate 7%

$578,971 $579.0K

Cap Rate 9%

$450,311 $450.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$60.5K $33.60/SF

− Vacancy

−$2.6K −$1.43/SF

EGI

$57.9K $32.17/SF

− OpEx

−$17.4K −$9.65/SF

NOI

$40.5K $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 Rate 5%

$810,560

Cap Rate 7%

$578,971

Cap Rate 9%

$450,311

Alternative Uses

Best Use

Multifamily LT 5

$579.0K

$506.6K – $675.5K (±1% cap)

NOI $40,528 @ 7.0% cap · market cap 3.38%

Second Best

Apartment 5plus

$534.9K

$468.0K – $624.0K (±1% cap)

NOI $37,440 @ 7.0% cap · market cap 3.12%

Theoretical Best

Office A

$1.09M

$951.2K – $1.27M (±1% cap)

NOI $76,095 @ 7.0% cap · market cap 6.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hotel & Motel Electrical Service Barber Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,808

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences include one bathroom, with one currently vacant and the other occupied by a tenant.

Where is this duplex located?

The property is located at 212 Pamela AVE San Jose, CA.

What is the asking price?

The asking price for this property is $1,199,888.

What are key features of this property?

This property features: Two residences, each with 3 bedrooms and 1 bathroom; Approximately 900 square feet of living area per residence; Rear unit vacant with new carpet and fresh interior paint; front unit tenant occupied