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Duplex with Private Yards
For Sale
$1,540,000

5454 /5456 Russo Dr, San Jose, CA 95118

Two residential units offer distinct layouts, garages, and separate outdoor areas.

Property Size1,970 SF
Price / SF$781.73
Days on Market51

Property Features for 5454 /5456 Russo Dr

General Information

Standard status Active
Size 1,970 SF
Property subtype Business Opportunity

Building Details

Year Built 1964
Listing Agency: Cal-western Realty
Listed By: Julie Hedrick · License #01472439
Source: Homeisv
Added: Aug 25 Changed: Oct 8 Last Checked: Oct 12 at 10:31PM

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 Cal-western Realty

Investment Insights

Based on property information with market context.

Built in 1964, this duplex contains two residential units with different layouts and private exterior spaces. The larger rear residence provides approximately 1,150 square feet with three bedrooms, two bathrooms, a large living room, laundry room access to the backyard, and an eat-in kitchen featuring granite counters, updated cabinets, travertine flooring, a dishwasher, and a sliding door to the fenced yard. A garage with opener and additional side-yard space serve this unit.

The second residence includes approximately 820 square feet, two bedrooms, one full and one half bathroom, a large living room with LVT flooring, an eat-in kitchen, an attached garage with opener, and a private courtyard accessible from the primary bedroom. The property is located at 5454/5456 Russo Dr in San Jose, near Blossom Hill Road, Almaden Expressway, Highway 85, Almaden Plaza, and Almaden Lake Park.

Key Highlights

  • Two‑unit duplex with 1,970 SF of total property size
  • Rear residence offers approximately 1,150 square feet, 3 bedrooms, and 2 bathrooms
  • Second unit includes approximately 820 square feet, 2 bedrooms, and 1.5 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$44,356
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,120 $887.1K
Cap Rate 7%
$633,657 $633.7K
Cap Rate 9%
$492,844 $492.8K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$66.2K $33.60/SF
− Vacancy
−$2.8K −$1.43/SF
EGI
$63.4K $32.17/SF
− OpEx
−$19.0K −$9.65/SF
NOI
$44.4K $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%
$887,120
Cap Rate 7%
$633,657
Cap Rate 9%
$492,844

Alternative Uses

Best Use
Multifamily LT 5
$633.7K
$554.5K – $739.3K (±1% cap)
NOI $44,356 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$585.4K
$512.2K – $682.9K (±1% cap)
NOI $40,976 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M (±1% cap)
NOI $83,282 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Accounting Firm Big Box & Wholesale Store Building Supply Hotel & Motel Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,171
Businesses Nearby

Demographics for 95118, CA

32,764
Population
11,941
Households
2.7
Avg Household Size
40
Median Age
53%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
7,991
Density / Sq Mi
$148,438
Median Household Income
$80,817
Median Earnings
$2,488
Median Rent
$1,377,000
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer distinct layouts, garages, and separate outdoor areas.
Where is this duplex located?
The property is located at 5454 /5456 Russo Dr San Jose, CA.
What is the asking price?
The asking price for this property is $1,540,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,970 SF of total property size; Rear residence offers approximately 1,150 square feet, 3 bedrooms, and 2 bathrooms; Second unit includes approximately 820 square feet, 2 bedrooms, and 1.5 bathrooms
More about this property
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