Duplex with Separate
467 W 8th Street, Gilroy, CA 95020
For Sale
New
$1,188,888
ResidentialIncome, Gilroy, CA
Property Size2,023 SF
Lot Size0.15 Acres
Price / SF$587.69
Days on Market3
Property Features for 467 W 8th Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Elementary school
High school
Elementary school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Water source
Amenities
separate backyards
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Intero Real Estate Services
(408) 574-5000
Listed By:
Erika Carrasco · License CA #01740048
(408) 781-5146
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# ML82067104
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.
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Investment Insights
Based on property information with market context.
This 1990 duplex contains two residences totaling 2,023 square feet. Unit A has three bedrooms and two bathrooms; Unit B has two bedrooms and two bathrooms. Each residence has a two-car garage and its own backyard. Unit A is owner-occupied and will be delivered vacant. The property sits on a 0.148-acre lot and has R2 zoning.
Public water and public sewer serve the property, which has a shingle roof. It is within the Gilroy Unified elementary school district.
Public water and public sewer serve the property, which has a shingle roof. It is within the Gilroy Unified elementary school district.
Key Highlights
- Two residences: Unit A has 3 bedrooms and 2 bathrooms; Unit B has 2 bedrooms and 2 bathrooms
- Each unit has a two‑car garage and a separate backyard
- Unit A is owner‑occupied and will be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,682
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,640
$913.6K
Cap Rate 7%
$652,600
$652.6K
Cap Rate 9%
$507,578
$507.6K
Market Conditions
NOI Build-Up for 2,023 SF
Gross rent
$68.0K $33.60/SF
− Vacancy
−$2.7K −$1.34/SF
EGI
$65.3K $32.26/SF
− OpEx
−$19.6K −$9.68/SF
NOI
$45.7K $22.58/SF
Area
Santa Clara County, CA
Vacancy
3.99%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,640
Cap Rate 7%
$652,600
Cap Rate 9%
$507,578
Alternative Uses
Best Use
Multifamily LT 5
$652.6K
$571.0K – $761.4K
NOI $45,682 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$603.0K
$527.6K – $703.5K
NOI $42,210 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,492 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
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Business Placement
Demographics for 95020, CA
68,090
Population
20,679
Households
3.3
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
151.8 sq mi
ZIP Area
449
Density / Sq Mi
$134,242
Median Household Income
$50,421
Median Earnings
$2,256
Median Rent
$1,005,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Santa Clara County, CA
Properties on Market for Duplexes in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include garages, and Unit A will be delivered vacant.
Where is this duplex located?
The property is located at 467 W 8th Street Gilroy, CA.
What is the asking price?
The asking price for this property is $1,188,888.
What are key features of this property?
This property features: Two residences: Unit A has 3 bedrooms and 2 bathrooms; Unit B has 2 bedrooms and 2 bathrooms; Each unit has a two‑car garage and a separate backyard; Unit A is owner‑occupied and will be delivered vacant
