342-344 Raymond AVE San Jose, CA 95128
MULTI_FAMILY - San Jose, CA
Property Features for 342-344 Raymond AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1-N2
- Bedrooms
- 3
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3
- Parking
- 4
- Parking features
- Garage - Attached, On Street
- Security features
- Security
- Interior features
- High Ceiling
- Appliances
- Appliances - Vary by Unit, Cooktop - Gas, Countertop - Laminate, Garbage Disposal, Hood Over Range, Oven - Built-In, Oven - Electric, Oven Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 1,512 SF
- Lot size
- 0.09 Acres
Utilities
- Heating system
- Wall Furnace, Natural Gas
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Linoleum, Tile, Laminate
- Roof type
- Composition
Listing agent John Tran License #02092278 (408) 931-0897
Listing office KW Elevate 5201 Great America Pkwy, Suite 138, Santa Clara, CA (408) 818-8886
Listing date Jul 14, 2026
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.
Zoned R1-N2, the duplex is located at 342-344 Raymond AVE in San Jose (95128). The area provides convenient access to Rose Garden, SAP Center, Trader Joe’s, Target, Diridon Station, and Santana Row shopping and dining.
Key Highlights
- West San Carlos duplex with two independent 750 SF units totaling approximately 1,512 SF
- Both units delivered vacant, offering flexibility for owner‑occupant or investment use
- Unit 342: 2 bed, 1 bath with high ceilings, laminate flooring, and wood paneling
Local 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 | $50.8k | $33.60 |
| − Vacancy | −$2.2k | −$1.43 |
| EGI | $48.6k | $32.17 |
| − OpEx | −$14.6k | −$9.65 |
| NOI | $34.0k | $22.52 |
