Updated Duplex with
For Sale
$1,525,000
684 & 688 Calero Avenue San, San Jose, CA 95123
Two residential units offer updated interiors, separate laundry, central heating, and private garage parking for each household.
Property Size2,175 SF
Lot Size0.17 Acres
Price / SF$701.15
Days on Market279
Property Features for 684 & 688 Calero Avenue San
General Information
Standard status
Active
Size
2,175 SF
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
Cable Ready
Ceiling Fan
Central Forced Air
Dishwasher
Exhaust Fan
Garbage Disposal
Hood Over Range
Microwave
Oven Range
Refrigerator
Washer/Dryer
Public Utilities, Water - Public, Individual Electric Meters, Individual Gas Meters, Composition, Shingle
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Pellego
Listed By:
Debbie P. Marino
(408) 210-2400
Source:
Kw
Added: Jan 8
Changed: Oct 13
Last Checked: Oct 12 at 6:40PM
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 Pellego
Investment Insights
Based on property information with market context.
This 1976 duplex includes two separately configured residences, with one offering three bedrooms and two full bathrooms and the other providing two bedrooms and one full bathroom. Both units have updated interiors with laminate flooring, fresh paint, refreshed kitchen and bath cabinetry, solid-surface counters, upgraded plumbing and lighting, and stainless steel appliances. Each residence also includes a washer and dryer, microwave, refrigerator, range, dishwasher, garbage disposal, central heating, and a private single-car garage. The larger unit adds a fireplace, recessed lighting, and new window blinds.
Set on a 7,560-square-foot lot in South San Jose, the property is near Frost Elementary, Herman Intermediate, and Santa Teresa High School. Highway 85 provides regional access, while Westfield Oakridge Mall, Kaiser Permanente, light rail, public transportation, restaurants, and grocery stores are all within less than two miles.
Set on a 7,560-square-foot lot in South San Jose, the property is near Frost Elementary, Herman Intermediate, and Santa Teresa High School. Highway 85 provides regional access, while Westfield Oakridge Mall, Kaiser Permanente, light rail, public transportation, restaurants, and grocery stores are all within less than two miles.
Key Highlights
- Two‑unit property on a 7,560‑square‑foot lot
- Three‑bedroom, two‑bath residence paired with a two‑bedroom, one‑bath unit
- Updated flooring, paint, cabinetry, countertops, plumbing, lighting, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,486
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,720
$969.7K
Cap Rate 7%
$692,657
$692.7K
Cap Rate 9%
$538,733
$538.7K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$73.1K $33.60/SF
− Vacancy
−$3.8K −$1.75/SF
EGI
$69.3K $31.85/SF
− OpEx
−$20.8K −$9.55/SF
NOI
$48.5K $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 Rate 5%
$969,720
Cap Rate 7%
$692,657
Cap Rate 9%
$538,733
Alternative Uses
Best Use
Multifamily LT 5
$692.7K
$606.1K – $808.1K
NOI $48,486 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$639.5K
$559.6K – $746.1K
NOI $44,766 @ 7.0% cap · market cap 2.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
601
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated interiors, separate laundry, central heating, and private garage parking for each household.
Where is this duplex located?
The property is located at 684 & 688 Calero Avenue San San Jose, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Two‑unit property on a 7,560‑square‑foot lot; Three‑bedroom, two‑bath residence paired with a two‑bedroom, one‑bath unit; Updated flooring, paint, cabinetry, countertops, plumbing, lighting, and appliances
