Multifamily Income Property with
For Sale
$2,080,000
2136 Main Street, Santa Clara, CA 95050
Built in 1963, the property offers one 2-bedroom unit and five 1-bedroom units on a large lot.
Property Size3,784 SF
Lot Size0.20 Acres
Price / SF$549.68
Days on Market123
Property Features for 2136 Main Street
General Information
Standard status
Active
Size
3,784 SF
Lot size
0.20 Acres
Property subtype
General Commercial
Additional Details
Multifamily Units
6
Building Details
Year Built
1963
Listing Agency:
(877) 776-7718
Listed By:
Magnify Real Estate
Source:
Xome
Added: Apr 5
Changed: Jul 10
Last Checked: Aug 5 at 5:12AM
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.
Built in 1963, this multifamily property contains a total of six units, including one 2-bedroom/1-bath home and five 1-bedroom/1-bath units. The building totals 3,784 rentable square feet on an 8,550 square foot lot. Several interior upgrades are already in place, including remodeled kitchens, bathrooms, and flooring, along with dual-pane windows. The seller is also in the process of completing a main electrical panel upgrade, and a new roof was installed in 2016.
Convenient regional access supports everyday tenant and service needs, with connectivity to Highways 101, 280, and 880. The property is positioned in Santa Clara near major employers, including NVIDIA, Oracle, and Intel, and it is described as minutes from Levis Stadium, Santana Row, and Santa Clara University.
For investors or owner-operators, the unit mix offers a combination of 1-bedroom and 2-bedroom layouts within a single asset. With an electrical panel upgrade underway and multiple interior improvements completed or underway, the property may appeal to buyers looking to maintain strong livability while planning future updates on an individual-unit basis.
Convenient regional access supports everyday tenant and service needs, with connectivity to Highways 101, 280, and 880. The property is positioned in Santa Clara near major employers, including NVIDIA, Oracle, and Intel, and it is described as minutes from Levis Stadium, Santana Row, and Santa Clara University.
For investors or owner-operators, the unit mix offers a combination of 1-bedroom and 2-bedroom layouts within a single asset. With an electrical panel upgrade underway and multiple interior improvements completed or underway, the property may appeal to buyers looking to maintain strong livability while planning future updates on an individual-unit basis.
Key Highlights
- Built in 1963: one 2 bed/1 bath unit and five 1 bed/1 bath units for 3,784 rentable SF
- Zoned R325 and sited on an 8,550 SF lot with 10 parking spaces
- New roof installed in 2016; composition/shingle roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.7k | $36.12 |
| − Vacancy | −$6.6k | −$1.73 |
| EGI | $130.1k | $34.39 |
| − OpEx | −$58.6k | −$15.47 |
| NOI | $71.6k | $18.91 |
3,784 SF · lease $36.12/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$894.6K – $1.19M
NOI $71,565 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.67M
NOI $159,912 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1963, the property offers one 2-bedroom unit and five 1-bedroom units on a large lot.
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 $2,080,000.
What are key features of this property?
This property features: Built in 1963: one 2 bed/1 bath unit and five 1 bed/1 bath units for 3,784 rentable SF; Zoned R325 and sited on an 8,550 SF lot with 10 parking spaces; New roof installed in 2016; composition/shingle roof
