Well-Maintained Quadplex with
New
For Sale
$1,879,990
2131 Main St, Santa Clara, CA 95050
Four-unit multifamily property with updated exteriors, on-site laundry, parking, and individually metered gas and electric service.
Property Size2,888 SF
Price / SF$650.97
Days on Market2
Property Features for 2131 Main St
General Information
Standard status
Active
Size
2,888 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Amenities
coin-operated laundry
large backyard
Building Details
Year Built
1961
Listing Agency:
Sunrise Realty
Listed By:
Tam Thi Bang Nguyen · License #01140559
(408) 391-8006
Source:
Bayarearealestatesearch
Added: Sep 6
Last Checked: Sep 6 at 3:43AM
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 Sunrise Realty
Investment Insights
Based on property information with market context.
This 2,888-square-foot quadplex, constructed in 1961, offers four multifamily units with a practical operating setup. Several units received remodeling work in 2023 and 2024, while the exterior has been freshly painted. Gas and electricity are separately metered by unit, and water is served through a master meter. On-site amenities include coin-operated laundry, a four-car garage, additional parking, and a large backyard. Recent property improvements also include select doors and fencing.
The property is located in Santa Clara near Santa Clara University, the Historic Old Quad, Lawrence Caltrain Station, Apple, Intel, Nvidia, and Google. Shopping, restaurants, Costco, Whole Foods, and Home Depot are also nearby. Access to Freeways 101, 880, and 87 adds regional connectivity.
The property is located in Santa Clara near Santa Clara University, the Historic Old Quad, Lawrence Caltrain Station, Apple, Intel, Nvidia, and Google. Shopping, restaurants, Costco, Whole Foods, and Home Depot are also nearby. Access to Freeways 101, 880, and 87 adds regional connectivity.
Key Highlights
- 2,888‑square‑foot quadplex constructed in 1961
- Some units remodeled in 2023 and 2024
- Four‑car garage, additional parking, and large backyard
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
$61,587
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
3.28%
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%
$1,231,740
$1.2M
Cap Rate 7%
$879,814
$879.8K
Cap Rate 9%
$684,300
$684.3K
Market Conditions
NOI Build-Up for 2,888 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
$91.8K $31.80/SF
− Vacancy
−$3.9K −$1.34/SF
EGI
$88.0K $30.46/SF
− OpEx
−$26.4K −$9.14/SF
NOI
$61.6K $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 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%
$1,231,740
Cap Rate 7%
$879,814
Cap Rate 9%
$684,300
Alternative Uses
Best Use
Multifamily LT 5
$879.8K
$769.8K – $1.03M
NOI $61,587 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$780.3K
$682.7K – $910.3K
NOI $54,619 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,047 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,639
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
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 - Four-unit multifamily property with updated exteriors, on-site laundry, parking, and individually metered gas and electric service.
Where is this quadplex located?
The property is located at 2131 Main St Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,879,990.
What are key features of this property?
This property features: 2,888‑square‑foot quadplex constructed in 1961; Some units remodeled in 2023 and 2024; Four‑car garage, additional parking, and large backyard
