4-Unit Apartment Building with
New
For Sale
$1,525,000
3825 Barker Drive, San Jose, CA 95117
The unoccupied property includes a shared laundry room and a one-car garage with storage cabinet for each apartment.
Property Size3,896 SF
Price / SF$391.43
Days on Market6
Property Features for 3825 Barker Drive
General Information
Standard status
Active
Size
3,896 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R3
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
on-site laundry
Central, Forced Air, Natural Gas, Wall Furnace
Range, Oven
On Street, Detached
Building Details
Building Size
3,896 SF
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
Ritter Associates
Listed By:
Dan Ritter · License #00873502
(408) 482-2121
Source:
Evrealestate
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 11:49AM
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 Ritter Associates
Investment Insights
Based on property information with market context.
This 1963 apartment property in San Jose contains four units and is currently unoccupied. Each apartment has access to a one-car garage fitted with a storage cabinet, and residents have an on-site laundry room.
Transit options include nearby bus stops and access to Highway 280. Saratoga Square, Westfield Mall, Santana Row, Westgate Mall, and El Paseo de Saratoga are reachable by a short bus ride. The property is within the Moreland Elementary School District, with schools, parks, a city library, and a post office also available nearby.
Transit options include nearby bus stops and access to Highway 280. Saratoga Square, Westfield Mall, Santana Row, Westgate Mall, and El Paseo de Saratoga are reachable by a short bus ride. The property is within the Moreland Elementary School District, with schools, parks, a city library, and a post office also available nearby.
Key Highlights
- Four‑unit apartment property built in 1963
- Each apartment has access to a one‑car garage with a storage cabinet
- On‑site laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,721
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,754,420
$1.8M
Cap Rate 7%
$1,253,157
$1.3M
Cap Rate 9%
$974,678
$974.7K
Market Conditions
NOI Build-Up for 3,896 SF
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.
Gross rent
$130.9K $33.60/SF
− Vacancy
−$5.6K −$1.43/SF
EGI
$125.3K $32.17/SF
− OpEx
−$37.6K −$9.65/SF
NOI
$87.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,754,420
Cap Rate 7%
$1,253,157
Cap Rate 9%
$974,678
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,721 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,036 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,704 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,243
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The unoccupied property includes a shared laundry room and a one-car garage with storage cabinet for each apartment.
Where is this quadplex located?
The property is located at 3825 Barker Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Four‑unit apartment property built in 1963; Each apartment has access to a one‑car garage with a storage cabinet; On‑site laundry room
