4-Unit Apartment Building with
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 Market15
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: Oct 4
Last Checked: Oct 5 at 6:13PM
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 / Yr
$87,721
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
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
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 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
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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
