San Jose Triplex Near
For Sale
$848,000
697 Hamline St, San Jose, CA 95110
Triplex in San Jose near shopping, dining, and entertainment.
Property Size1,500 SF
Lot Size0.09 Acres
Price / SF$565.33
Days on Market188
Property Features for 697 Hamline St
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.09 Acres
Property subtype
Multifamily
Amenities
Well-Situated San Jose Triplex Investment Opportunity
Walking Distance to Nearby Retail
Prime San Jose Location
Quick Access Around the Bay Area
Comfortable Climate Controlled Units
Listing Agency:
Palo Alto Office
Listed By:
Jake Clyne · License #License(s): CA: 02203246
(650) 391-1864
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 16 at 10:40AM
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 Palo Alto Office
Investment Insights
Based on property information with market context.
The property at 697 Hamline St is a triplex in San Jose, California. Constructed in 1899, the building has a gross area of approximately 1,500 square feet and is situated on a 3,864 square foot parcel of land. The property features one-bedroom floor plans. It is located near Paypal Park (0.3mi), Coleman Landings Shopping Mall (0.2mi), In-N-Out Burger (0.2mi), Costco (1.3mi) and a new BART station currently under construction. The property is near Downtown San Jose and the Target-anchored San Jose Market Center, offering various dining, shopping, and entertainment options. It also has convenient access to the San Jose Mineta International Airport (SJC). The property is located near San Jose State University and Santa Clara University. The location benefits from proximity to major employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, and Cisco. The investment appeal is driven by San Jose's strong employment fundamentals and low vacancy levels.
Key Highlights
- Prime location in San Jose's Silicon Valley, offering strong employment opportunities and low vacancy rates.
- Walking distance to key lifestyle amenities including Paypal Park, Coleman Landings Shopping Mall, In‑N‑Out Burger, and a new BART station (under construction).
- Convenient access to San Jose Mineta International Airport (SJC).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,774
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,480
$675.5K
Cap Rate 7%
$482,486
$482.5K
Cap Rate 9%
$375,267
$375.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$50.4K $33.60/SF
− Vacancy
−$2.2K −$1.43/SF
EGI
$48.2K $32.17/SF
− OpEx
−$14.5K −$9.65/SF
NOI
$33.8K $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%
$675,480
Cap Rate 7%
$482,486
Cap Rate 9%
$375,267
Alternative Uses
Best Use
Multifamily LT 5
$482.5K
$422.2K – $562.9K
NOI $33,774 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,200 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$905.9K
$792.7K – $1.06M
NOI $63,413 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
Explore this area
Business Placement
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Triplex in San Jose near shopping, dining, and entertainment.
Where is this triplex located?
The property is located at 697 Hamline St San Jose, CA.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Prime location in San Jose's Silicon Valley, offering strong employment opportunities and low vacancy rates.; Walking distance to key lifestyle amenities including Paypal Park, Coleman Landings Shopping Mall, In‑N‑Out Burger, and a new BART station (under construction).; Convenient access to San Jose Mineta International Airport (SJC).
