Duplex with In-Unit
2333 New Jersey Avenue San Jose, CA 95124
For Sale
$1,348,000
Pending
Two identical 2-bed/1-bath units, one vacant, each with in-unit laundry and dedicated parking.
Property Size1,694 SF
Days on Market69
Property Features for 2333 New Jersey Avenue
General Information
- Standard status
- Pending
- Size
- 1,694 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1961
Listing Agency:
KW Bay Area Estates
(408) 687-2026
Listed By:
Julie Wyss · License #01350871
(408) 687-2026
Source:
Exitrealty
Added: May 20
Changed: Jul 10
Last Checked: Jul 23 at 6:48AM
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 KW Bay Area Estates
Investment Insights
Based on property information with market context.
This duplex offers two matching 2-bedroom, 1-bathroom units, arranged in identical floorplans for straightforward day-to-day management. Each unit includes in-unit laundry and a dedicated parking space, supporting independent, self-contained living. One of the units is vacant and freshly prepared, providing immediate flexibility for an owner-occupant or a buyer planning to place it into service upon closing.
Located at 2333 New Jersey Avenue in San Jose’s Willow Glen area, the property is described as being near the walkable downtown village, boutique shops, and dining. The remarks also note easy access to major highways and the broader Silicon Valley area, which can be important for tenant convenience and commute planning.
With both units configured the same way, the property may appeal to investors seeking reduced complexity in maintenance and leasing, as well as buyers who want the option to live in one unit while generating income from the other. The combination of in-unit laundry, dedicated parking, and a currently vacant, move-in ready unit supports a practical transition for the next owner or tenant.
Located at 2333 New Jersey Avenue in San Jose’s Willow Glen area, the property is described as being near the walkable downtown village, boutique shops, and dining. The remarks also note easy access to major highways and the broader Silicon Valley area, which can be important for tenant convenience and commute planning.
With both units configured the same way, the property may appeal to investors seeking reduced complexity in maintenance and leasing, as well as buyers who want the option to live in one unit while generating income from the other. The combination of in-unit laundry, dedicated parking, and a currently vacant, move-in ready unit supports a practical transition for the next owner or tenant.
Key Highlights
- 1961 duplex with two identical 2‑bedroom, 1‑bath units
- Each unit includes in‑unit laundry and a dedicated parking space
- One unit is vacant and freshly prepared for move‑in or immediate rental use
Financial Insights For Multifamily LT 5
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 | $56.9k | $33.60 |
| − Vacancy | −$2.4k | −$1.43 |
| EGI | $54.5k | $32.17 |
| − OpEx | −$16.3k | −$9.65 |
| NOI | $38.1k | $22.52 |
1,694 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.02M
$895.2K – $1.19M
NOI $71,614 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two identical 2-bed/1-bath units, one vacant, each with in-unit laundry and dedicated parking.
Where is this duplex located?
The property is located at 2333 New Jersey Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: 1961 duplex with two identical 2‑bedroom, 1‑bath units; Each unit includes in‑unit laundry and a dedicated parking space; One unit is vacant and freshly prepared for move‑in or immediate rental use
