4-Unit Quadplex with Duplex-Style
For Sale
$1,900,000
502 N 18th Street San, San Jose, CA 95112
Each residence has three bedrooms, one bathroom, upgraded windows, modern appliances, and washer-dryer hookups.
Property Size4,308 SF
Lot Size0.25 Acres
Price / SF$441.04
Days on Market126
Property Features for 502 N 18th Street San
General Information
Standard status
Active
Size
4,308 SF
Lot size
0.25 Acres
Property subtype
Quadruplex
Financials
Cap Rate
5.55%
Gross Rent Multiplier
13.01
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Amenities
Wall Furnace
Public Utilities, Water - Public
Building Details
Year Built
1971
Buildings
2
Listing Agency:
Marcus & Millichap
Listed By:
Michael Henshaw · License #01134592
(650) 269-6453
Source:
Kw
Added: Jun 12
Changed: Oct 15
Last Checked: Oct 14 at 9:35PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
Two duplex-style buildings contain four residences, each with three bedrooms and one bathroom. The property spans 0.25 acres and has approximately 4,308 square feet of gross building area; each residence measures about 1,077 square feet. Unit features include modern appliances, upgraded windows, washer-dryer hookups, and wall furnaces. Public water and utilities serve the property.
Built in 1971, the San Jose property has an in-place cap rate of 5.55 and a 13.01 GRM. Pro forma figures are a 7.46 cap rate and a 10.47 GRM.
Built in 1971, the San Jose property has an in-place cap rate of 5.55 and a 13.01 GRM. Pro forma figures are a 7.46 cap rate and a 10.47 GRM.
Key Highlights
- Four residences, each with three bedrooms and one bathroom
- Two duplex‑style buildings on a 0.25‑acre parcel
- Approximately 4,308 square feet of gross building area; each unit is about 1,077 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,998
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,939,960
$1.9M
Cap Rate 7%
$1,385,686
$1.4M
Cap Rate 9%
$1,077,756
$1.1M
Market Conditions
NOI Build-Up for 4,308 SF
Gross rent
$144.7K $33.60/SF
− Vacancy
−$6.2K −$1.43/SF
EGI
$138.6K $32.17/SF
− OpEx
−$41.6K −$9.65/SF
NOI
$97.0K $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%
$1,939,960
Cap Rate 7%
$1,385,686
Cap Rate 9%
$1,077,756
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $96,998 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,606 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,121 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has three bedrooms, one bathroom, upgraded windows, modern appliances, and washer-dryer hookups.
Where is this quadplex located?
The property is located at 502 N 18th Street San San Jose, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four residences, each with three bedrooms and one bathroom; Two duplex‑style buildings on a 0.25‑acre parcel; Approximately 4,308 square feet of gross building area; each unit is about 1,077 square feet
