Single-Story Duplex with
For Sale
$998,000
2151 Lausett Ave, San Jose, CA 95116
Each residence includes an open kitchen, tile flooring, and a private garage.
Property Size1,450 SF
Price / SF$688.28
Days on Market15
Property Features for 2151 Lausett Ave
General Information
Standard status
Active
Size
1,450 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,847
Building Details
Buildings
1
Stories
1
Listing Agency:
DPL Real Estate
Listed By:
David Lillo · License #01803836
(408) 621-5649
Source:
Exprealty
Added: Sep 9
Changed: Sep 19
Last Checked: Sep 22 at 10:26PM
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 DPL Real Estate
Investment Insights
Based on property information with market context.
Located at 2151 Lausett Ave, this 1,450-square-foot duplex contains two single-story residences. Each unit offers 2 bedrooms, 1 full bathroom, an open kitchen with a gas cooktop, tile flooring throughout, and comfortable living and dining areas. Double-pane windows and a one-car garage serve each residence, while the property also provides a large driveway and additional street parking.
The duplex offers access to Highway 680, Highway 280, and Highway 101, with parks and shopping nearby. The residences share a practical open-concept layout and provide separate garage parking, making the property suited to residential income use.
The duplex offers access to Highway 680, Highway 280, and Highway 101, with parks and shopping nearby. The residences share a practical open-concept layout and provide separate garage parking, making the property suited to residential income use.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom in each residence
- 1,450 SF property with single‑story layouts
- Open kitchens with gas cooktops and tile flooring throughout
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
$32,648
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
3.27%
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%
$652,960
$653.0K
Cap Rate 7%
$466,400
$466.4K
Cap Rate 9%
$362,756
$362.8K
Market Conditions
NOI Build-Up for 1,450 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
$48.7K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$46.6K $32.17/SF
− OpEx
−$14.0K −$9.65/SF
NOI
$32.6K $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 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%
$652,960
Cap Rate 7%
$466,400
Cap Rate 9%
$362,756
Alternative Uses
Best Use
Multifamily LT 5
$466.4K
$408.1K – $544.1K
NOI $32,648 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$430.9K
$377.0K – $502.7K
NOI $30,160 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$875.7K
$766.2K – $1.02M
NOI $61,299 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,598
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an open kitchen, tile flooring, and a private garage.
Where is this duplex located?
The property is located at 2151 Lausett Ave San Jose, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom in each residence; 1,450 SF property with single‑story layouts; Open kitchens with gas cooktops and tile flooring throughout
