Three-Unit Residential
285 N 5th St, San Jose, CA 95112
For Sale
New
$1,195,000
Three separate living spaces include a two-bedroom home and two additional rental units.
Property Size1,900 SF
Days on Market4
Property Features for 285 N 5th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Stories
Listed By:
Nick Kirigin Chargin · License #01112885
(408) 224-1000
Source:
Elliman
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 10:47AM
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 Nick Kirigin Chargin
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Investment Insights
Based on property information with market context.
This residential property contains three units. The primary home has two bedrooms, one full bathroom, one half bathroom, and a basement. A middle unit offers a living room, one bedroom, a kitchen, and a bathroom. The rear unit includes a single-car garage, a main-level living room and kitchen, plus an upstairs bedroom and bathroom. The property was built in 1906.
The reported bike score is 92, the walk score is 76, and the transit score is 53.
The reported bike score is 92, the walk score is 76, and the transit score is 53.
Key Highlights
- Three residential units across the property
- Main home has two bedrooms, one full bath, one half bath, and a basement
- Middle unit has a living room, bedroom, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,780
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,600
$855.6K
Cap Rate 7%
$611,143
$611.1K
Cap Rate 9%
$475,333
$475.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$63.8K $33.60/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$61.1K $32.17/SF
− OpEx
−$18.3K −$9.65/SF
NOI
$42.8K $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 Rate 5%
$855,600
Cap Rate 7%
$611,143
Cap Rate 9%
$475,333
Alternative Uses
Best Use
Multifamily LT 5
$611.1K
$534.8K – $713.0K
NOI $42,780 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$564.6K
$494.0K – $658.7K
NOI $39,520 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,323 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,923
Businesses Nearby
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Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Santa Clara County, CA
Properties on Market for Triplexes in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces include a two-bedroom home and two additional rental units.
Where is this triplex located?
The property is located at 285 N 5th St San Jose, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three residential units across the property; Main home has two bedrooms, one full bath, one half bath, and a basement; Middle unit has a living room, bedroom, kitchen, and bathroom
