Duplex with Private
For Sale
$1,499,000
5746 Chesbro Avenue, San Jose, CA 95123
Well-maintained duplex offering two spacious units, private yards, attached garages, and in-unit laundry.
Property Size2,030 SF
Lot Size0.15 Acres
Price / SF$738.42
Days on Market65
Property Features for 5746 Chesbro Avenue
General Information
Standard status
Active
Size
2,030 SF
Total Parking Spaces
2
Lot size
0.15 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1972
Tenancy
Multi
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 8
Last Checked: Aug 12 at 3:49AM
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 well-maintained duplex includes two spacious residential units: one 3-bedroom, 2-bath home and one 2-bedroom, 1-bath home. Both units are designed for comfortable day-to-day living with private yards, attached garages, and in-unit laundry. The building has been carefully maintained, and one unit features upgraded countertops and hardwood flooring. Overall, the property presents a clean, low-maintenance residential income option suitable for either an investor or an owner-user.
The property is located on a quiet residential street in a desirable San Jose neighborhood. It benefits from convenient proximity to shopping and dining, as well as commuter routes and major Silicon Valley employers.
For tenants or buyers seeking a practical duplex setup, the combination of private outdoor space, attached parking, and in-home laundry can support a broad range of household needs. The unit mix provides flexibility for occupancy planning, and the overall condition and upkeep support a straightforward ownership experience.
The property is located on a quiet residential street in a desirable San Jose neighborhood. It benefits from convenient proximity to shopping and dining, as well as commuter routes and major Silicon Valley employers.
For tenants or buyers seeking a practical duplex setup, the combination of private outdoor space, attached parking, and in-home laundry can support a broad range of household needs. The unit mix provides flexibility for occupancy planning, and the overall condition and upkeep support a straightforward ownership experience.
Key Highlights
- Well‑maintained duplex built in 1972 with 2,030 SF of building space on a 6,400 SF lot
- Two‑unit layout: one 3 bed/2 bath unit and one 2 bed/1 bath unit
- Each unit features a private yard and an attached garage
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
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 - Well-maintained duplex offering two spacious units, private yards, attached garages, and in-unit laundry.
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: Well‑maintained duplex built in 1972 with 2,030 SF of building space on a 6,400 SF lot; Two‑unit layout: one 3 bed/2 bath unit and one 2 bed/1 bath unit; Each unit features a private yard and an attached garage
