3691 Cape Cod Court San Jose, CA 95117
Four-unit property with recent plumbing replacement and updated roofs, suited for multifamily investors seeking exchange options.
Property Features for 3691 Cape Cod Court
General Information
- Standard status
- Active
- Size
- 3,584 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing office SiliconValley MultiFamilyGroup (408) 605-6414
Listing date Jan 6, 2026
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of SiliconValley MultiFamilyGroup
Investment Insights
Based on property information with market context.
Located in West San Jose’s desirable rental corridor, the property is close to downtown Campbell and is under three miles from Santana Row and Valley Fair. The listing also notes Section 1 clearance provided before close and a $10,000 credit to the buyer toward closing costs.
For investors, this is positioned as a 1031 exchange opportunity and a fit for those looking to move from a single-family home into a multifamily property. The seller also reports exceptional capital investment totaling over $275,000 since 2013, alongside the ongoing system and interior updates.
Key Highlights
- Fourplex built in 1964 with 4 units totaling 3,584 SF on a 7,260 SF lot
- Complete plumbing replacement in 2024: drains, supply lines, and sewer systems
- New roof in 2022 plus unit updates including Unit 2 remodeled in 2024, Unit 4 updated in 2021, Unit 3 updated in 2017
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 | $120.4k | $33.60 |
| − Vacancy | −$5.1k | −$1.43 |
| EGI | $115.3k | $32.17 |
| − OpEx | −$34.6k | −$9.65 |
| NOI | $80.7k | $22.52 |
