Santa Clara Multifamily Investment
For Sale
$2,125,000
2136 Main Street, Santa Clara, CA 95050
Six-unit property with value-add potential in a prime Silicon Valley location.
Property Size3,784 SF
Price / SF$561.58
Days on Market353
Property Features for 2136 Main Street
General Information
Standard status
Active
Size
3,784 SF
Property subtype
Commercial
Amenities
Central air
Ceiling Fan Cooling
Composition Roof
Shingle Roof
Uncovered Parking
Wall Furnace Heating
Building Details
Year Built
1963
Listing Agency:
MAGNIFY REAL ESTATE
(877) 776-7718
Listed By:
ERIC KATZ
Source:
Corcoran
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:46AM
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 MAGNIFY REAL ESTATE
Investment Insights
Based on property information with market context.
Located in Santa Clara, this multifamily property at 2136 Main Street presents a prime investment opportunity within the Silicon Valley rental market. Constructed in 1963, the building features six units, including one 2-bedroom/1-bath unit and five 1-bedroom/1-bath units. The property encompasses 3,784 rentable square feet on an 8,550 square foot lot. The property offers value-add potential through interior upgrades and rent repositioning. The location is near major tech employers such as NVIDIA, Oracle, and Intel, and is in close proximity to Levi's Stadium, Santana Row, and Santa Clara University. Convenient access to Highways 101, 280, and 880 provides connectivity to the greater Bay Area.
Key Highlights
- Prime multifamily investment opportunity in Santa Clara, Silicon Valley.
- Significant value‑add potential through interior upgrades and rent repositioning.
- Located minutes from major tech employers (NVIDIA, Oracle, Intel).
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
$71,565
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
3.37%
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%
$1,431,300
$1.4M
Cap Rate 7%
$1,022,357
$1.0M
Cap Rate 9%
$795,167
$795.2K
Market Conditions
NOI Build-Up for 3,784 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
$136.7K $36.12/SF
− Vacancy
−$6.6K −$1.73/SF
EGI
$130.1K $34.39/SF
− OpEx
−$58.6K −$15.47/SF
NOI
$71.6K $18.91/SF
Area
Santa Clara, CA
Vacancy
4.80%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
45.00%
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%
$1,431,300
Cap Rate 7%
$1,022,357
Cap Rate 9%
$795,167
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$894.6K – $1.19M
NOI $71,565 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.67M
NOI $159,912 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,455
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?
Apartment building - Six-unit property with value-add potential in a prime Silicon Valley location.
Where is this apartment building located?
The property is located at 2136 Main Street Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: Prime multifamily investment opportunity in Santa Clara, Silicon Valley.; Significant value‑add potential through interior upgrades and rent repositioning.; Located minutes from major tech employers (NVIDIA, Oracle, Intel).
