Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Jose Fourplex Investment Opportunity Title is generated by Realmo AI

    3691 Cape Cod CT, San Jose 95117

    View on Map
    Claim this Listing
    For Sale
    $1,948,000

    MULTI_FAMILY - SAN JOSE

    Property size:
    3,584 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $543/SF
    Added:
    May 7, 2026
    Days on Market:
    22
    Last Refresh:
    May 28 at 12:06 am

    Property Features for 3691 Cape Cod CT

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    9
    Rooms
    Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 9, Bedroom 1
    Parking features
    Assigned, Carport
    Appliances
    Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range, Refrigerator
    Standard status
    Active
    Size
    3,584 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Wall Furnace
    Water source
    Public

    Building Details

    Year built
    1964
    Number of units
    4
    Flooring type
    Carpet, Tile, Linoleum
    Roof type
    Flat

    We can help!

    Listing Contact
    Michael Shields

    Listing agent Michael Shields License #01327546

    Listing office SiliconValley MultiFamilyGroup 235 Oak Meadow Drive, Los Gatos, CA

    Listing date May 7, 2026

    MLS# ML82029860 Listing URL

    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.

    HighLights

    • Complete plumbing infrastructure replacement in 2024 (drains, supply lines, sewer systems).
    • New roof installed in 2022.
    • Significant capital investment of over $275,000 since 2013 in upgrades.
    • Located in West San Jose's desirable rental corridor.
    • Four spacious units totaling 3,584 square feet on a 7,260 SF lot.
    • $10,000 credit to buyer toward closing costs.

    Overview

    This well-maintained fourplex, located in West San Jose, presents an investment opportunity. The property features four spacious units totaling 3,584 square feet on a 7,260 square foot lot. Significant capital improvements totaling over $275,000 have been made since 2013. In 2024, all plumbing infrastructure, including drains, supply lines, and sewer systems, was completely replaced. A new roof was installed in 2022. Unit 2 underwent extensive remodeling in 2024, Unit 4 was updated in 2021, Unit 3 in 2017, and Unit 1, a townhouse configuration, had kitchen and bath upgrades in 2013, with a recent downstairs bathroom remodel in 2025. Additional improvements include new water heaters, exterior painting, comprehensive termite treatment with tree removal, front post replacement, and new heating systems. The property is located close to downtown Campbell and under three miles from Santana Row and Valley Fair. Section 1 clearance is provided before close.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    Longitude
    -121.965626
    Latitude
    37.302935

    Nearby Similar for Sale

    • $1,349,000
      4,000 SF

      San Jose Commercial Opportunity

      Warehouse space with offices, close to freeway and downtown.
      1777 Smith AVE, SAN JOSE, 95112
      View Details
    • $520,000
      1,216 SF

      San Jose Commercial Condo

      Flexible commercial condo in San Jose's industrial and business district.
      SAN JOSE, 95131
      View Details
    • $799,999
      1,568 SF

      Move-in Ready San Jose Office Suite

      Commercial office suite ideal for medical or professional use.
      2114 Senter RD 6, SAN JOSE, 95112
      View Details
    • $1,899,000
      2,804 SF

      San Jose Fourplex Near Amenities

      Well-maintained fourplex near Valley Medical Center and Santana Row.
      590 Macarthur AVE, SAN JOSE, 95128
      View Details
    • $6,900,000
      17,000 SF

      San Jose Commercial Opportunity

      Commercial building near downtown San Jose, ideal for owner-user.
      480 N 1st ST, SAN JOSE, 95112
      View Details
    • $1,850,000
      2,552 SF

      Spacious Duplex in San Jose

      Well-maintained duplex with upgrades, large lot, prime location.
      3228 Neal AVE, SAN JOSE, 95117
      View Details
    • $1,580,000
      2,686 SF

      San Jose Multifamily Investment Opportunity

      Well-maintained four-unit property with income potential in West San Jose.
      822 Opal DR, SAN JOSE, 95117
      View Details
    • $1,850,000
      4,578 SF

      San Jose Four-Unit Townhomes

      Charming four-unit complex in the desirable Rose Garden neighborhood.
      SAN JOSE, 95126
      View Details
    • $1,830,000
      2,992 SF

      San Jose Fourplex in Northlake

      Well-maintained fourplex in West San Jose with strong income.
      551 Northlake DR, SAN JOSE, 95117
      View Details
    • $1,499,000
      2,030 SF

      San Jose Duplex For Sale

      Well-maintained duplex in a desirable San Jose neighborhood.
      5746 Chesbro AVE, SAN JOSE, 95123
      View Details
    • $1,650,000
      2,400 SF

      San Jose Fourplex Investment Opportunity

      Charming fourplex near Rose Garden, San Jose. Strong rental history.
      1081 Newhall ST, SAN JOSE, 95126
      View Details
    • $1,499,950
      1,660 SF

      San Jose Duplex Investment Opportunity

      Tenant-occupied duplex in desirable San Jose location near amenities.
      SAN JOSE, 95124
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in desirable West San Jose rental corridor.
    Where is this quadplex located?
    The property is located at 3691 Cape Cod CT San Jose.
    What is the asking price?
    The asking price for this property is $1,948,000.
    What are key features of this property?
    This property features: Complete plumbing infrastructure replacement in 2024 (drains, supply lines, sewer systems).; New roof installed in 2022.; Significant capital investment of over $275,000 since 2013 in upgrades.
    (408) 356-1900
    We can help!
    Listing Contact
    Michael Shields
    Real Estate License ID: 01327546
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3691 Cape Cod CT, SAN JOSE, 95117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!