Two-Unit Duplex with
For Sale
$1,190,000
295 Fanyon Street, Milpitas, CA 95035
Two residences include one-car garages, central forced-air heating, and public water and utility service.
Property Size2,219 SF
Lot Size0.19 Acres
Price / SF$536.28
Days on Market89
Property Features for 295 Fanyon Street
General Information
Standard status
Active
Size
2,219 SF
Total Parking Spaces
2
Lot size
0.19 Acres
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
deferred maintenance
Units
Unit Mix
3BR/2BA, 2BR/1BA
Multifamily Units
2
Amenities
Central Forced Air
Public Utilities, Water - Public, Composition, Shingle
Building Details
Year Built
1971
Listing Agency:
Compass
Listed By:
Ashley Mateo
(650) 279-7475
Source:
Kw
Added: Jun 12
Changed: Sep 6
Last Checked: Sep 7 at 7:01PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex contains 2,219 square feet of living space across two residential units. The unit mix includes a three-bedroom, two-bath residence and a two-bedroom, one-bath residence. Both units have central forced-air heating, and the property includes two one-car garages. The exterior is finished with composition shingle materials and served by public water and utilities.
Built in 1971, the property occupies an approximately 8,219-square-foot lot. The current tenancy has continued for more than 30 years. Deferred maintenance is present in both units, creating a need for property work before or during continued ownership.
Built in 1971, the property occupies an approximately 8,219-square-foot lot. The current tenancy has continued for more than 30 years. Deferred maintenance is present in both units, creating a need for property work before or during continued ownership.
Key Highlights
- Two‑unit duplex with a three‑bedroom, two‑bath unit and a two‑bedroom, one‑bath unit
- 2,219 square feet of living space
- Approximately 8,219‑square‑foot lot
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
$49,467
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
4.16%
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%
$989,340
$989.3K
Cap Rate 7%
$706,671
$706.7K
Cap Rate 9%
$549,633
$549.6K
Market Conditions
NOI Build-Up for 2,219 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
$74.6K $33.60/SF
− Vacancy
−$3.9K −$1.75/SF
EGI
$70.7K $31.85/SF
− OpEx
−$21.2K −$9.55/SF
NOI
$49.5K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
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%
$989,340
Cap Rate 7%
$706,671
Cap Rate 9%
$549,633
Alternative Uses
Best Use
Multifamily LT 5
$706.7K
$618.3K – $824.5K
NOI $49,467 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$602.6K
$527.2K – $703.0K
NOI $42,179 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,775 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 95035, CA
80,440
Population
25,851
Households
3.1
Avg Household Size
37
Median Age
59%
College-Educated
90%
High-School Grad
22.4 sq mi
ZIP Area
3,591
Density / Sq Mi
$176,723
Median Household Income
$81,070
Median Earnings
$3,110
Median Rent
$1,180,700
Median Home Value
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 residences include one-car garages, central forced-air heating, and public water and utility service.
Where is this duplex located?
The property is located at 295 Fanyon Street Milpitas, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Two‑unit duplex with a three‑bedroom, two‑bath unit and a two‑bedroom, one‑bath unit; 2,219 square feet of living space; Approximately 8,219‑square‑foot lot
