Two-Unit Duplex with Vacant
342344 Raymond Avenue San Jose, CA 95128
For Sale
$1,000,000
Two-level duplex with two independent, vacant units, including a 2-bedroom and a 1-bedroom layout.
Property Size1,512 SF
Price / SF$661.38
Days on Market8
Property Features for 342344 Raymond Avenue
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
KW Elevate
(408) 931-0897
Listed By:
John Tran · License #02092278
(408) 931-0897
Source:
Exitrealty
Added: Jul 16
Changed: Jul 18
Last Checked: Jul 23 at 5:13AM
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 Elevate
Investment Insights
Based on property information with market context.
This two-level duplex offers two independent units delivered vacant. The property comprises two approximately 750-square-foot units and totals approximately 1,512 square feet. Unit 342 is a 2-bedroom, 1-bath layout with high ceilings, laminate flooring, and wood paneling. Unit 344 features a 1-bedroom, 1-bath open-concept floor plan, including a breakfast bar pass-through into the living room.
The duplex is situated on a huge, open level lot. The property presentation also notes the lot offers potential for an ADU. Nearby access is described to include Rose Garden, SAP Center, Trader Joe’s, Target, Diridon Station, Santana Row, and surrounding shopping and dining.
With both units currently vacant, the configuration supports either an owner-occupant setup or full rental use within the duplex format.
The duplex is situated on a huge, open level lot. The property presentation also notes the lot offers potential for an ADU. Nearby access is described to include Rose Garden, SAP Center, Trader Joe’s, Target, Diridon Station, Santana Row, and surrounding shopping and dining.
With both units currently vacant, the configuration supports either an owner-occupant setup or full rental use within the duplex format.
Key Highlights
- Two‑level duplex in west San Carlos with two independent units totaling approx. 1,512 sq ft
- Both units delivered vacant, giving flexibility for owner‑occupancy or immediate rental income
- Unit 342: 2‑bed, 1‑bath with high ceilings, laminate flooring, and wood paneling
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 |
1,512 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$486.3K
$425.6K – $567.4K
NOI $34,044 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$449.3K
$393.1K – $524.2K
NOI $31,449 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$913.1K
$799.0K – $1.07M
NOI $63,920 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-level duplex with two independent, vacant units, including a 2-bedroom and a 1-bedroom layout.
Where is this duplex located?
The property is located at 342344 Raymond Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two‑level duplex in west San Carlos with two independent units totaling approx. 1,512 sq ft; Both units delivered vacant, giving flexibility for owner‑occupancy or immediate rental income; Unit 342: 2‑bed, 1‑bath with high ceilings, laminate flooring, and wood paneling
