Duplex with Private
New
For Sale
$1,300,000
425 N 7th ST, San Jose, CA 95112
Residential Income (2-4 units), SAN JOSE, CA
Property Size1,808 SF
Lot Size0.16 Acres
Price / SF$719.03
Days on Market5
Property Features for 425 N 7th ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
5
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Laundry Room, Bedroom 1
Parking
2
Parking features
On Street, Carport
Appliances
Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Varies by Unit
Subdivision
Central San Jose
Standard status
Active
Size
1,808 SF
Lot size
0.16 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
laundry room
Building Details
Year built
1964
Number of units
2
Flooring type
Tile, Hardwood, Laminate
Roof type
Composition
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Scott C. Poncetta · License #01497030
(408) 757-1007
Added: Sep 23
Last Checked: Sep 27 at 1:06PM
MLS# ML82062296
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.
This 1,808-square-foot duplex contains two occupied residences: a front three-bedroom, two-bath home and a two-bedroom, one-bath unit with its own backyard. Each residence has an updated kitchen, central air conditioning, private laundry and storage, plus a carport. The property was built in 1964 and includes hardwood, laminate and tile flooring, forced-air heating, a composition roof and public water service.
Set on a 7,000-square-foot lot at 425 N 7th St in San Jose, the property is near Japantown and downtown restaurants and shops. Highways 280, 680 and 101 provide regional access, while the reported walk score is 86. RM zoning and the lot's existing layout provide a basis for evaluating future site options, including the potential addition of an ADU, subject to applicable approvals.
Set on a 7,000-square-foot lot at 425 N 7th St in San Jose, the property is near Japantown and downtown restaurants and shops. Highways 280, 680 and 101 provide regional access, while the reported walk score is 86. RM zoning and the lot's existing layout provide a basis for evaluating future site options, including the potential addition of an ADU, subject to applicable approvals.
Key Highlights
- 1,808‑square‑foot duplex on a 7,000‑square‑foot lot
- Two occupied residences with 3‑bed/2‑bath and 2‑bed/1‑bath layouts
- Each unit includes a private carport, laundry and storage 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
$40,708
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
3.13%
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%
$814,160
$814.2K
Cap Rate 7%
$581,543
$581.5K
Cap Rate 9%
$452,311
$452.3K
Market Conditions
NOI Build-Up for 1,808 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
$60.7K $33.60/SF
− Vacancy
−$2.6K −$1.43/SF
EGI
$58.2K $32.17/SF
− OpEx
−$17.4K −$9.65/SF
NOI
$40.7K $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%
$814,160
Cap Rate 7%
$581,543
Cap Rate 9%
$452,311
Alternative Uses
Best Use
Multifamily LT 5
$581.5K
$508.9K – $678.5K
NOI $40,708 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$537.2K
$470.1K – $626.8K
NOI $37,606 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.09M
$955.4K – $1.27M
NOI $76,433 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature updated kitchens, central air, private laundry, and dedicated storage areas.
Where is this duplex located?
The property is located at 425 N 7th ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1,808‑square‑foot duplex on a 7,000‑square‑foot lot; Two occupied residences with 3‑bed/2‑bath and 2‑bed/1‑bath layouts; Each unit includes a private carport, laundry and storage room
