Updated 4-Unit
For Sale
$1,845,000
3691 Cape Cod Court, San Jose, CA 95117
ResidentialIncome, SanJose, CA
Property Size3,584 SF
Lot Size0.17 Acres
Price / SF$514.79
Days on Market289
Property Features for 3691 Cape Cod Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Parking features
Carport, Assigned
Appliances
Dishwasher, ExhaustFan, GarbageDisposal, HoodOverRange, Microwave, OvenRange, Refrigerator
Elementary school
MorelandElementary
Middle school
MorelandMiddle
High school
CampbellUnionHigh
Elementary school district
MorelandElementary
High school district
CampbellUnionHigh
Directions
Off San Tomas Expressway, to Payne then Boynton.
Subdivision
Campbell
Standard status
Active
APN
299-07-008
Size
3,584 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
28651
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1964
Floors in Building
2
Number of units
4
Flooring type
Linoleum, Tile, Carpet
Roof type
Flat
Listing Agency:
SiliconValley MultiFamilyGroup
Listed By:
Michael Shields · License #01327546
(408) 356-1900
Added: Jan 5
Changed: Oct 21
Last Checked: Oct 21 at 9:06AM
MLS# ML82029860
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.
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Investment Insights
Based on property information with market context.
Built in 1964, this fourplex contains four units totaling 3,584 square feet on a 7,260-square-foot lot. Plumbing infrastructure, including drains, supply lines, and sewer systems, was replaced in 2024. The roof was replaced in 2022, and additional work includes new water heaters, heating systems, and exterior painting. Unit updates occurred in 2013, 2017, 2021, 2024, and 2025, with Unit 1 configured as a townhouse. The property has RM zoning, public water and sewer, and assigned carport parking.
The property is close to downtown Campbell and less than three miles from Santana Row and Valley Fair.
The property is close to downtown Campbell and less than three miles from Santana Row and Valley Fair.
Key Highlights
- Four units totaling 3,584 square feet on a 7,260‑square‑foot lot
- RM zoning; built in 1964
- Plumbing, drains, supply lines, and sewer systems replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,696
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,920
$1.6M
Cap Rate 7%
$1,152,800
$1.2M
Cap Rate 9%
$896,622
$896.6K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$120.4K $33.60/SF
− Vacancy
−$5.1K −$1.43/SF
EGI
$115.3K $32.17/SF
− OpEx
−$34.6K −$9.65/SF
NOI
$80.7K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,920
Cap Rate 7%
$1,152,800
Cap Rate 9%
$896,622
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,696 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$1.06M
$931.8K – $1.24M
NOI $74,547 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,514 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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Business Placement
Demographics for 95117, CA
30,137
Population
11,226
Households
2.7
Avg Household Size
36
Median Age
44%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
13,103
Density / Sq Mi
$115,778
Median Household Income
$56,791
Median Earnings
$2,367
Median Rent
$1,425,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Recent plumbing replacement and improvements to unit interiors and building systems support the property’s four-unit configuration.
Where is this quadplex located?
The property is located at 3691 Cape Cod Court San Jose, CA.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: Four units totaling 3,584 square feet on a 7,260‑square‑foot lot; RM zoning; built in 1964; Plumbing, drains, supply lines, and sewer systems replaced in 2024
