Four-Unit Quadplex with
For Sale
$1,899,000
590 Macarthur AVE, San Jose, CA 95128
Residential Income (2-4 units), SAN JOSE, CA
Property Size2,804 SF
Lot Size0.21 Acres
Price / SF$677.25
Days on Market58
Property Features for 590 Macarthur AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Rooms
Laundry Room, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Carport
Subdivision
Campbell
Standard status
Active
Size
2,804 SF
Lot size
0.21 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
private storage closets
Building Details
Year built
1951
Number of units
4
Flooring type
Hardwood
Roof type
Composition
Listing Agency:
Christie's International Real Estate Sereno
(408) 335-1400
Listed By:
Gaylene Wyatt · License #00859588
(408) 832-6922
Added: Jun 30
Changed: Aug 20
Last Checked: Aug 26 at 10:06AM
MLS# ML82039567
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 R3-zoned quadplex contains 2,804 square feet and was built in 1951. The property includes four one-bedroom, one-bath units, hardwood flooring, natural-gas heating, a laundry room, and individual storage closets. A five-stall carport serves the residences, while the roof is composition and the water source is public.
The property occupies a 0.2075-acre lot with more than 9,000 SF of land area. Its San Jose setting provides access to Moorpark Avenue, Winchester Boulevard, Stevens Creek Boulevard, and Bascom Avenue. Valley Medical Center, San Jose City College, Santana Row, and major freeways are identified nearby.
The property occupies a 0.2075-acre lot with more than 9,000 SF of land area. Its San Jose setting provides access to Moorpark Avenue, Winchester Boulevard, Stevens Creek Boulevard, and Bascom Avenue. Valley Medical Center, San Jose City College, Santana Row, and major freeways are identified nearby.
Key Highlights
- Four 1‑bedroom, 1‑bath units in a quadplex configuration
- 2,804 square feet on a 0.2075‑acre lot
- Five‑stall carport with private storage closets
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
$63,134
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
3.32%
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%
$1,262,680
$1.3M
Cap Rate 7%
$901,914
$901.9K
Cap Rate 9%
$701,489
$701.5K
Market Conditions
NOI Build-Up for 2,804 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
$94.2K $33.60/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$90.2K $32.17/SF
− OpEx
−$27.1K −$9.65/SF
NOI
$63.1K $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 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%
$1,262,680
Cap Rate 7%
$901,914
Cap Rate 9%
$701,489
Alternative Uses
Best Use
Multifamily LT 5
$901.9K
$789.2K – $1.05M
NOI $63,134 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$833.2K
$729.0K – $972.1K
NOI $58,323 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,539 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
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?
Quadplex - Four one-bedroom residences include private storage and covered on-site parking.
Where is this quadplex located?
The property is located at 590 Macarthur AVE San Jose, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units in a quadplex configuration; 2,804 square feet on a 0.2075‑acre lot; Five‑stall carport with private storage closets
