Off-Grid Duplex with Two
620 Broadway Gilroy, CA 95020
620 Broadway, Gilroy, CA, 95020
$1,200,000
For Sale
$1,200,000
New off-grid duplex built with SIP technology, offering two 2-bedroom, 2-bath units with premium interior finishes.
Property Size1,600 SF
Price / SF$750
Days on Market307
Property Features for 620 Broadway
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2026
Listing agency
CMT Properties Inc.
(559) 349-8589
Listed by
John Porter · License #01981468
Source
Xome
Added: Sep 19, 2025 Updated: Jul 21 at 6:28AM Checked: Jul 22 at 3:53AM
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 CMT Properties Inc.
Investment Insights
Based on property information with market context.
Welcome to FBX Homes, a new construction off-grid duplex built with precision-engineered SIP technology designed for superior efficiency. The property consists of two units, and each unit features two bedrooms and two bathrooms. Interiors include gourmet kitchens and luxury vinyl planking, along with superior R-value insulation. The public remarks also note significantly lower utility bills compared to regular construction methods.
The property is located at 620 Broadway in Gilroy, CA. According to the remarks, the Gilroy Transit Center is just minutes away, and nearby attractions include Gilroy Gardens, Gilroy Premium Outlets, and Casa De Fruta.
This duplex is presented with durable, premium finishes intended to support long-term occupancy, with each unit positioned for either rental or owner-occupied resilience as described in the remarks.
The property is located at 620 Broadway in Gilroy, CA. According to the remarks, the Gilroy Transit Center is just minutes away, and nearby attractions include Gilroy Gardens, Gilroy Premium Outlets, and Casa De Fruta.
This duplex is presented with durable, premium finishes intended to support long-term occupancy, with each unit positioned for either rental or owner-occupied resilience as described in the remarks.
Key Highlights
- Off‑grid duplex new construction built with precision‑engineered SIP technology for efficiency
- 2 units total, each featuring 2 bedrooms and 2 bathrooms
- Each unit includes a gourmet kitchen and luxury vinyl planking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $33.60 |
| − Vacancy | −$2.8k | −$1.75 |
| EGI | $51.0k | $31.85 |
| − OpEx | −$15.3k | −$9.55 |
| NOI | $35.7k | $22.29 |
1,600 SF · lease $33.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.5K
$445.9K – $594.5K
NOI $35,668 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$965.9K
$845.2K – $1.13M
NOI $67,616 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New off-grid duplex built with SIP technology, offering two 2-bedroom, 2-bath units with premium interior finishes.
Where is this duplex located?
The property is located at 620 Broadway Gilroy, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Off‑grid duplex new construction built with precision‑engineered SIP technology for efficiency; 2 units total, each featuring 2 bedrooms and 2 bathrooms; Each unit includes a gourmet kitchen and luxury vinyl planking
