Duplex on Large
New
For Sale
$1,698,000
2338-2340 Pauline DR, San Jose, CA 95124
Residential Income (2-4 units), SAN JOSE, CA
Property Size2,395 SF
Lot Size0.18 Acres
Price / SF$708.98
Days on Market2
Property Features for 2338-2340 Pauline DR
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1
Parking
2
Parking features
Garage - Attached
Subdivision
Willow Glen
Standard status
Active
Size
2,395 SF
Lot size
0.18 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1961
Number of units
2
Roof type
Composition
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Julie Wyss · License #01350871
(408) 455-9646
Added: Sep 21
Last Checked: Sep 22 at 2:06PM
MLS# ML82062105
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,395 square feet of residential space on a 0.1791-acre lot. Built in 1961, the property includes two units, bedroom space, an attached garage, forced-air heating, a composition roof, and public water service. The duplex layout supports separate residential occupancy within one property.
Located in San Jose’s 95124 postal area, the property is near Campbell, Los Gatos, Downtown Campbell, The Pruneyard, shopping, dining, parks, and major commute routes. The surrounding Cambrian area is also described as having established neighborhoods and access to schools and Silicon Valley employment centers.
Located in San Jose’s 95124 postal area, the property is near Campbell, Los Gatos, Downtown Campbell, The Pruneyard, shopping, dining, parks, and major commute routes. The surrounding Cambrian area is also described as having established neighborhoods and access to schools and Silicon Valley employment centers.
Key Highlights
- Two‑unit duplex configuration
- 2,395 square feet on a 0.1791‑acre lot
- Attached garage parking
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
$53,925
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
3.18%
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%
$1,078,500
$1.1M
Cap Rate 7%
$770,357
$770.4K
Cap Rate 9%
$599,167
$599.2K
Market Conditions
NOI Build-Up for 2,395 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
$80.5K $33.60/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$77.0K $32.17/SF
− OpEx
−$23.1K −$9.65/SF
NOI
$53.9K $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%
$1,078,500
Cap Rate 7%
$770,357
Cap Rate 9%
$599,167
Alternative Uses
Best Use
Multifamily LT 5
$770.4K
$674.1K – $898.8K
NOI $53,925 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$711.7K
$622.7K – $830.3K
NOI $49,816 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,249 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,853
Businesses Nearby
Explore this area
Business Placement
Demographics for 95124, CA
50,054
Population
18,143
Households
2.8
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
7,584
Density / Sq Mi
$188,433
Median Household Income
$90,422
Median Earnings
$2,936
Median Rent
$1,596,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with attached garage parking and forced-air heating in San Jose’s 95124 area.
Where is this duplex located?
The property is located at 2338-2340 Pauline DR San Jose, CA.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,395 square feet on a 0.1791‑acre lot; Attached garage parking
