Updated Four-Unit
For Sale
$2,895,000
3451 Princeton Way, Santa Clara, CA 95051
Two single-story duplexes offer private entrances, garages, and upgraded interiors across four residential units.
Property Size4,068 SF
Lot Size0.20 Acres
Price / SF$711.65
Days on Market48
Property Features for 3451 Princeton Way
General Information
Standard status
Active
Size
4,068 SF
Lot size
0.20 Acres
Property subtype
Multi Family
Units
Unit Mix
2 x 3BD/2BA, 2 x 2BD/1BA
Multifamily Units
4
Additional Details
Gross Income
$168,000
Amenities
in-unit washers/dryers
garages
private yards
dishwashers
microwaves
fireplaces
formal dining areas
Building Details
Year Built
1964
Buildings
2
Stories
1
Listing Agency:
Magnify Real Estate
Listed By:
David Katz · License #01971921
(408) 438-0585
Source:
Exitrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 16 at 7:25AM
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 Magnify Real Estate
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Investment Insights
Based on property information with market context.
This four-unit residential income property comprises two single-story duplex buildings totaling 4,068 square feet on a 0.20-acre parcel. The unit mix includes two 3BD/2BA residences and two 2BD/1BA residences, with separate addresses and private entrances. Built in 1964, the property has received updates including quartz countertops, revised cabinetry, new flooring, stainless steel appliances, and hardscaped patios.
Each unit includes an in-unit washer and dryer, dishwasher, microwave, fireplace, formal dining area, private yard, and garage. The two buildings are located at 3451 Princeton Way and 3452 Homestead Road in Santa Clara. Apple Headquarters is approximately 1 mile away, while Kaiser Permanente Santa Clara Medical Center is within walking distance. Shopping, dining, major employers, and other Silicon Valley amenities are also accessible from the property.
Each unit includes an in-unit washer and dryer, dishwasher, microwave, fireplace, formal dining area, private yard, and garage. The two buildings are located at 3451 Princeton Way and 3452 Homestead Road in Santa Clara. Apple Headquarters is approximately 1 mile away, while Kaiser Permanente Santa Clara Medical Center is within walking distance. Shopping, dining, major employers, and other Silicon Valley amenities are also accessible from the property.
Key Highlights
- 4,068 SF across two single‑story duplexes
- 0.20‑acre lot with four residential units
- Unit mix: (2) 3BD/2BA and (2) 2BD/1BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,750
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,000
$1.7M
Cap Rate 7%
$1,239,286
$1.2M
Cap Rate 9%
$963,889
$963.9K
Market Conditions
NOI Build-Up for 4,068 SF
Gross rent
$129.4K $31.80/SF
− Vacancy
−$5.4K −$1.34/SF
EGI
$123.9K $30.46/SF
− OpEx
−$37.2K −$9.14/SF
NOI
$86.8K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,000
Cap Rate 7%
$1,239,286
Cap Rate 9%
$963,889
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,750 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$1.10M
$961.7K – $1.28M
NOI $76,936 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,914 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 95051, CA
61,466
Population
25,152
Households
2.4
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
9,313
Density / Sq Mi
$185,632
Median Household Income
$107,905
Median Earnings
$3,054
Median Rent
$1,623,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two single-story duplexes offer private entrances, garages, and upgraded interiors across four residential units.
Where is this quadplex located?
The property is located at 3451 Princeton Way Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 4,068 SF across two single‑story duplexes; 0.20‑acre lot with four residential units; Unit mix: (2) 3BD/2BA and (2) 2BD/1BA
