Duplex with Attached
For Sale
$1,499,000
5746 Chesbro Avenue, San Jose, CA 95123
Two separately configured residences offer private outdoor areas, in-unit laundry, and central forced-air heating and cooling.
Property Size2,030 SF
Lot Size0.15 Acres
Price / SF$738.42
Days on Market83
Property Features for 5746 Chesbro Avenue
General Information
Standard status
Active
Size
2,030 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,796
Amenities
private yards
in-unit laundry
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Intero Real Estate Services
(408) 710-0721
Listed By:
Grant Gluhaich · License #02242757
(408) 710-0721
Source:
Exitrealty
Added: Jun 9
Changed: Aug 25
Last Checked: Aug 29 at 6:05AM
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 San Jose duplex contains approximately 2,030 square feet within a 6,400-square-foot lot. The unit mix includes one three-bedroom, two-bath residence and one two-bedroom, one-bath residence. Each unit has a private yard, attached garage, and in-unit laundry. One residence includes upgraded countertops and hardwood flooring, while central forced air and a security system serve the property. Public water and other public utilities are provided, with composition shingle roofing.
Built in 1972, the property is occupied by long-term month-to-month tenants and has been maintained over time. Its residential duplex configuration provides two distinct living spaces, with separate garage and yard features supporting practical day-to-day use.
Built in 1972, the property is occupied by long-term month-to-month tenants and has been maintained over time. Its residential duplex configuration provides two distinct living spaces, with separate garage and yard features supporting practical day-to-day use.
Key Highlights
- Two‑unit property with one 3 bed/2 bath residence and one 2 bed/1 bath residence
- Approximately 2,030 SF building on a 6,400 SF lot
- Private yards, attached garages, and in‑unit laundry for both units
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
$45,253
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
3.02%
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%
$905,060
$905.1K
Cap Rate 7%
$646,471
$646.5K
Cap Rate 9%
$502,811
$502.8K
Market Conditions
NOI Build-Up for 2,030 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
$68.2K $33.60/SF
− Vacancy
−$3.6K −$1.75/SF
EGI
$64.6K $31.85/SF
− OpEx
−$19.4K −$9.55/SF
NOI
$45.3K $22.29/SF
Area
ZIP 95123
Vacancy
5.22%
Lease Rate
$33.60 /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%
$905,060
Cap Rate 7%
$646,471
Cap Rate 9%
$502,811
Alternative Uses
Best Use
Multifamily LT 5
$646.5K
$565.7K – $754.2K
NOI $45,253 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$596.9K
$522.3K – $696.4K
NOI $41,782 @ 7.0% cap · market cap 2.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 95123, CA
70,040
Population
25,023
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
8,979
Density / Sq Mi
$136,364
Median Household Income
$64,536
Median Earnings
$2,953
Median Rent
$1,108,100
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 - Two separately configured residences offer private outdoor areas, in-unit laundry, and central forced-air heating and cooling.
Where is this duplex located?
The property is located at 5746 Chesbro Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two‑unit property with one 3 bed/2 bath residence and one 2 bed/1 bath residence; Approximately 2,030 SF building on a 6,400 SF lot; Private yards, attached garages, and in‑unit laundry for both units
