Four-Unit Apartment
For Sale
$1,999,888
2127 Monroe Street, Santa Clara, CA 95050
ResidentialIncome, SantaClara, CA
Property Size3,270 SF
Lot Size0.15 Acres
Price / SF$611.59
Days on Market174
Property Features for 2127 Monroe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R325
Parking
1
Parking features
Carport
Elementary school
SantaClaraUnified
Middle school
JuanCabrilloMiddle
High school
SantaClaraUnified
Elementary school district
SantaClaraUnified
High school district
SantaClaraUnified
Subdivision
SantaClara
Standard status
Active
APN
224-30-054
Size
3,270 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
22272
Utilities
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Flooring type
Linoleum, Carpet
Roof type
Shingle, Composition
Listing Agency:
Intero Real Estate Services
(408) 741-1600
Listed By:
Andy Tse · License #01345580
(408) 807-8808
Added: May 1
Changed: Oct 21
Last Checked: Oct 21 at 10:06AM
MLS# ML82045606
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.
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Investment Insights
Based on property information with market context.
The 1960-built property contains four two-bedroom, one-bath apartments in a 3,270-square-foot building on a 0.1468-acre parcel. Unit 3 is vacant. Features include an on-site laundry facility, four parking spaces, carport parking, linoleum and carpet flooring, and wall-unit cooling. Public water and sewer serve the property, which has a shingle and composition roof.
Located in Santa Clara, the property offers access to routes 101, 880, and 87. Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia are identified as nearby destinations.
Located in Santa Clara, the property offers access to routes 101, 880, and 87. Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia are identified as nearby destinations.
Key Highlights
- Four apartments, each with two bedrooms and one bathroom
- 3,270‑square‑foot building on a 0.1468‑acre parcel
- Unit 3 is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,733
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,660
$1.4M
Cap Rate 7%
$996,186
$996.2K
Cap Rate 9%
$774,811
$774.8K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$104.0K $31.80/SF
− Vacancy
−$4.4K −$1.34/SF
EGI
$99.6K $30.46/SF
− OpEx
−$29.9K −$9.14/SF
NOI
$69.7K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,660
Cap Rate 7%
$996,186
Cap Rate 9%
$774,811
Alternative Uses
Best Use
Multifamily LT 5
$996.2K
$871.7K – $1.16M
NOI $69,733 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$883.5K
$773.1K – $1.03M
NOI $61,844 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,190 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,616
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences share on-site laundry and carport parking in Santa Clara.
Where is this quadplex located?
The property is located at 2127 Monroe Street Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,999,888.
What are key features of this property?
This property features: Four apartments, each with two bedrooms and one bathroom; 3,270‑square‑foot building on a 0.1468‑acre parcel; Unit 3 is vacant
