Four-Unit Quadplex with
For Sale
$1,699,999
5222 Vera Ln, San Jose, CA 95111
Tenant-occupied multifamily property with two-bedroom floor plans and private rear parking.
Property Size3,600 SF
Price / SF$472.22
Days on Market64
Property Features for 5222 Vera Ln
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Business Opportunity
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
Intero Real Estate Services
(408) 979-5900
Listed By:
Eliot Beja · License #01982133
Source:
Homeisv
Added: Jun 28
Changed: Aug 29
Last Checked: Aug 25 at 5:03AM
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 four-unit multifamily property in San Jose contains approximately 3,600 square feet, with each residence offering about 900 square feet of living area. The units are configured with two bedrooms and one full bathroom, providing a consistent layout across the building. Constructed in 1969, the property is fully tenant occupied and available for review through viewing and inspection.
Private carport parking is located behind the building, with additional street parking generally available. The property is located at 5222 Vera Lane in San Jose, California 95111.
Private carport parking is located behind the building, with additional street parking generally available. The property is located at 5222 Vera Lane in San Jose, California 95111.
Key Highlights
- Four‑unit quadplex with approximately 3,600 SF
- Each unit is approximately 900 sq ft
- Two bedrooms and one full bathroom per unit
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
$91,189
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
5.36%
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%
$1,823,780
$1.8M
Cap Rate 7%
$1,302,700
$1.3M
Cap Rate 9%
$1,013,211
$1.0M
Market Conditions
NOI Build-Up for 3,600 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
$136.1K $37.80/SF
− Vacancy
−$5.8K −$1.61/SF
EGI
$130.3K $36.19/SF
− OpEx
−$39.1K −$10.86/SF
NOI
$91.2K $25.33/SF
Area
ZIP 95111
Vacancy
4.27%
Lease Rate
$37.80 /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%
$1,823,780
Cap Rate 7%
$1,302,700
Cap Rate 9%
$1,013,211
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,189 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,956 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,287 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 95111, CA
60,593
Population
16,303
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
72%
High-School Grad
5.8 sq mi
ZIP Area
10,447
Density / Sq Mi
$97,162
Median Household Income
$43,577
Median Earnings
$1,954
Median Rent
$826,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with two-bedroom floor plans and private rear parking.
Where is this quadplex located?
The property is located at 5222 Vera Ln San Jose, CA.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Four‑unit quadplex with approximately 3,600 SF; Each unit is approximately 900 sq ft; Two bedrooms and one full bathroom per unit
