Duplex with Private
For Sale
$1,049,000
55 Manning Avenue, San Jose, CA 95127
Updated interiors and separate entry points support multigenerational living or income-producing use.
Property Size1,882 SF
Lot Size0.18 Acres
Price / SF$557.39
Days on Market11
Property Features for 55 Manning Avenue
General Information
Standard status
Active
Size
1,882 SF
Lot size
0.18 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1927
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Brian Kiernan · License #01487861
(408) 506-4017
Source:
Exitrealty
Added: Aug 27
Changed: Sep 5
Last Checked: Sep 6 at 6:34AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex includes 1,882 square feet of living area with four bedrooms, two bathrooms, and private entrances. The residence was completed in 2005, with kitchen and bathroom improvements completed in 2018. Interior features include hardwood flooring, recessed lighting, stainless steel appliances, and an eat-in kitchen with a center island. The layout supports continued multigenerational occupancy or use as a multiunit residence.
The property occupies an 8,050-square-foot lot with stamped concrete surrounding an area intended for a pool. Located on Manning Avenue in San Jose, it is near The Shark Tank, San Pedro Square, and Downtown San Jose. City bus service is one block away, and Capital Expressway provides access to regional commute routes.
The property occupies an 8,050-square-foot lot with stamped concrete surrounding an area intended for a pool. Located on Manning Avenue in San Jose, it is near The Shark Tank, San Pedro Square, and Downtown San Jose. City bus service is one block away, and Capital Expressway provides access to regional commute routes.
Key Highlights
- 1,882‑square‑foot duplex with 4 bedrooms and 2 bathrooms
- Private entrances support separate living arrangements
- Kitchen and bathroom upgrades completed in 2018
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
$38,704
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
3.69%
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%
$774,080
$774.1K
Cap Rate 7%
$552,914
$552.9K
Cap Rate 9%
$430,044
$430.0K
Market Conditions
NOI Build-Up for 1,882 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
$57.6K $30.60/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$55.3K $29.38/SF
− OpEx
−$16.6K −$8.81/SF
NOI
$38.7K $20.57/SF
Area
ZIP 95127
Vacancy
3.99%
Lease Rate
$30.60 /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%
$774,080
Cap Rate 7%
$552,914
Cap Rate 9%
$430,044
Alternative Uses
Best Use
Multifamily LT 5
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$510.0K
$446.2K – $595.0K
NOI $35,699 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.13M
$988.6K – $1.32M
NOI $79,089 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 95127, CA
63,749
Population
16,823
Households
3.8
Avg Household Size
37
Median Age
27%
College-Educated
73%
High-School Grad
19.0 sq mi
ZIP Area
3,355
Density / Sq Mi
$120,548
Median Household Income
$45,348
Median Earnings
$2,549
Median Rent
$995,100
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?
Duplex - Updated interiors and separate entry points support multigenerational living or income-producing use.
Where is this duplex located?
The property is located at 55 Manning Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 1,882‑square‑foot duplex with 4 bedrooms and 2 bathrooms; Private entrances support separate living arrangements; Kitchen and bathroom upgrades completed in 2018
