387 N 12th Street San Jose, CA 95112
Newly remodeled triplex features three units with modern finishes and indoor laundry for each unit.
Property Features for 387 N 12th Street
General Information
- Standard status
- Active
- Size
- 2,578 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1904
Listing office Intero Real Estate Services (408) 688-7828
Listing date Aug 31, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
The property is located on a tree-lined street near San Pedro Square and SJSU, with shopping and restaurants in Japantown also nearby.
The overall configuration provides separate living spaces within one multi-unit building, with modernized kitchens, baths, and in-unit laundry in all three units.
Key Highlights
- Newly remodeled triplex built in 1904 with three separate units
- Total of 6 bedrooms and 5 full baths across all three units
- Each unit includes indoor laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.6k | $33.60 |
| − Vacancy | −$3.7k | −$1.43 |
| EGI | $82.9k | $32.17 |
| − OpEx | −$24.9k | −$9.65 |
| NOI | $58.0k | $22.52 |
