Two-Unit Duplex with
New
For Sale
$1,080,000
640 N 12th St, San Jose, CA 95112
A front one-bedroom residence and rear two-bedroom unit each have private laundry and a garage.
Property Size1,373 SF
Price / SF$786.60
Days on Market3
Property Features for 640 N 12th St
General Information
Standard status
Active
Size
1,373 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
West Northside
Highway Access
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
garage
wooden gate
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Green Valley Realty USA
Listed By:
Marie Fong · License #01491703
(408) 429-0525
Source:
Pebblebeachproperties
Added: Oct 30
Last Checked: Nov 1 at 2:50AM
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 Green Valley Realty USA
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences: a one-bedroom, one-bath unit at the front and a two-bedroom, one-bath unit at the rear. Each residence has its own laundry and garage. Interior finishes include granite countertops and laminate flooring, and the property was built in 1988. A wooden gate can be closed to provide separation from the street.
The property is in downtown San Jose, near Japantown, San Jose State University, and SAP Center. Access to Hwy 101, 87, and 880 is available nearby.
The property is in downtown San Jose, near Japantown, San Jose State University, and SAP Center. Access to Hwy 101, 87, and 880 is available nearby.
Key Highlights
- Two residences: front unit has 1 bedroom and 1 bath; rear unit has 2 bedrooms and 1 bath
- Each unit has its own laundry and garage
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,914
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,280
$618.3K
Cap Rate 7%
$441,629
$441.6K
Cap Rate 9%
$343,489
$343.5K
Market Conditions
NOI Build-Up for 1,373 SF
Gross rent
$46.1K $33.60/SF
− Vacancy
−$2.0K −$1.43/SF
EGI
$44.2K $32.17/SF
− OpEx
−$13.2K −$9.65/SF
NOI
$30.9K $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 Rate 5%
$618,280
Cap Rate 7%
$441,629
Cap Rate 9%
$343,489
Alternative Uses
Best Use
Multifamily LT 5
$441.6K
$386.4K – $515.2K
NOI $30,914 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,558 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$829.2K
$725.6K – $967.4K
NOI $58,044 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A front one-bedroom residence and rear two-bedroom unit each have private laundry and a garage.
Where is this duplex located?
The property is located at 640 N 12th St San Jose, CA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two residences: front unit has 1 bedroom and 1 bath; rear unit has 2 bedrooms and 1 bath; Each unit has its own laundry and garage; Built in 1988
