Duplex with Private
For Sale
$1,499,000
5746 Chesbro AVE, San Jose, CA 95123
Residential Income (2-4 units), SAN JOSE, CA
Property Size2,030 SF
Lot Size0.15 Acres
Price / SF$738.42
Days on Market56
Property Features for 5746 Chesbro AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
5
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Parking
2
Parking features
Garage - Attached, On Street
Security features
Security
Subdivision
Blossom Valley
Standard status
Active
Size
2,030 SF
Lot size
0.15 Acres
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Public
Amenities
private yards
attached garages
in-unit laundry
Building Details
Year built
1972
Number of units
2
Roof type
Shingle, Composition
Listing Agency:
Intero Real Estate Services
(408) 778-7474
Listed By:
Grant Gluhaich · License #02242757
(408) 710-0721
Added: Jul 6
Changed: Aug 21
Last Checked: Aug 30 at 4:06AM
MLS# ML82044284
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two residential units with distinct layouts: one offers 3 bedrooms and 2 baths, while the other provides 2 bedrooms and 1 bath. Both residences include attached garages, in-unit laundry, and private yards. One unit has upgraded countertops and hardwood flooring. The property includes central air, forced-air heating, a composition shingle roof, and public water service.
Constructed in 1972, the building contains approximately 2,030 square feet on a 6,400-square-foot lot within R2 zoning. Both units are occupied by long-term, month-to-month tenants. On-street parking supplements the attached garage parking. The property is situated near shopping, dining, commuter routes, and major Silicon Valley employers.
Constructed in 1972, the building contains approximately 2,030 square feet on a 6,400-square-foot lot within R2 zoning. Both units are occupied by long-term, month-to-month tenants. On-street parking supplements the attached garage parking. The property is situated near shopping, dining, commuter routes, and major Silicon Valley employers.
Key Highlights
- Two‑unit configuration with 3 bed/2 bath and 2 bed/1 bath layouts
- Approximately 2,030 SF building on a 6,400 SF lot
- Both units include private yards, attached garages, and in‑unit laundry
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
Yes
Paved road access
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 residential units include attached garages, in-unit laundry, and separate outdoor areas.
Where is this duplex located?
The property is located at 5746 Chesbro AVE 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 configuration with 3 bed/2 bath and 2 bed/1 bath layouts; Approximately 2,030 SF building on a 6,400 SF lot; Both units include private yards, attached garages, and in‑unit laundry
