Remodeled Triplex with Indoor
387 N 12th Street San Jose, CA 95112
387 N 12th Street, San Jose, CA, 95112
$1,498,000
Pending
For Sale
$1,498,000
Pending
Newly remodeled triplex features three units with modern finishes and indoor laundry for each unit.
Property Size2,578 SF
Days on Market325
Property Features for 387 N 12th Street
General Information
- Standard status
- Pending
- Size
- 2,578 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1904
Listing agency
Intero Real Estate Services
(408) 688-7828
Listed by
Suzanne M. Hunter · License #01505241
(408) 688-7828
Source
Exitrealty
Added: Aug 31, 2025 Updated: Jul 10 at 2:15PM Checked: Jul 21 at 6:03AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This newly remodeled triplex offers three separate units with a total of 6 bedrooms and 5 full bathrooms. The interior updates include aged hickory vinyl plank flooring, volume ceilings, and recessed and pendant lighting, supported by modern interior design throughout. Kitchens are equipped with stainless steel appliances, quartz countertops, and European-style cabinetry, while bathroom vanities feature quartz tops and backlit LED mirrors. Each unit also includes the convenience of its own indoor laundry.
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.
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 |
2,578 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$829.2K
$725.6K – $967.4K
NOI $58,045 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$766.0K
$670.3K – $893.7K
NOI $53,622 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,985 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Newly remodeled triplex features three units with modern finishes and indoor laundry for each unit.
Where is this triplex located?
The property is located at 387 N 12th Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: 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
