Four-Unit Multifamily
For Sale
$1,845,000
3691 Cape Cod CT, San Jose, CA 95117
Residential Income (2-4 units), SAN JOSE, CA
Property Size3,584 SF
Lot Size0.17 Acres
Price / SF$514.79
Days on Market94
Property Features for 3691 Cape Cod CT
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
9
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 7, Bedroom 9, Bedroom 3
Parking features
Assigned, Carport
Appliances
Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range, Refrigerator
Subdivision
Campbell
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, Linoleum, Tile
Roof type
Flat
Listing Agency:
SiliconValley MultiFamilyGroup
(408) 356-1900
Listed By:
Michael Shields · License #01327546
(408) 354-7470
Added: Jul 6
Changed: Oct 6
Last Checked: Oct 7 at 2:06AM
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.
Investment Insights
Based on property information with market context.
Built in 1964, this four-unit residential property contains 3,584 square feet on a 7,260-square-foot lot. The plumbing infrastructure, including drains, supply lines, and sewer systems, was replaced in 2024. The roof dates to 2022, and heating systems and water heaters have also been updated. Unit renovations span several years: Unit 2 was extensively remodeled in 2024, Unit 4 was updated in 2021, and Unit 3 in 2017. Unit 1 has a townhouse configuration, with kitchen and bathroom work in 2013 and a downstairs bathroom remodel in 2025.
The property is zoned RM and is near downtown Campbell. Santana Row and Valley Fair are each less than three miles away. On-site parking includes assigned spaces and a carport.
The property is zoned RM and is near downtown Campbell. Santana Row and Valley Fair are each less than three miles away. On-site parking includes assigned spaces and a carport.
Key Highlights
- Four units totaling 3,584 square feet on a 7,260 SF lot
- Plumbing, drains, supply lines, and sewer systems replaced in 2024
- Roof installed in 2022
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Building systems and unit interiors have received upgrades, including a full plumbing replacement completed in 2024.
Where is this quadplex located?
The property is located at 3691 Cape Cod CT 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 SF lot; Plumbing, drains, supply lines, and sewer systems replaced in 2024; Roof installed in 2022
