697 Hamline Street San Jose, CA 95110
Three one-bedroom units with split heating and A/C in a well-located San Jose income property.
Property Features for 697 Hamline Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1959
Listing office Marcus & Millichap (650) 492-0934
Listing date Mar 19, 2026
Source Exitrealty
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Investment Insights
Based on property information with market context.
The location places the property within walking distance of multiple lifestyle amenities, including PayPal Park (0.3 mi), Coleman Landings Shopping Mall (0.2 mi), and In-N-Out Burger (0.2 mi). Costco is approximately 1.3 miles away, and the area also includes a new BART station currently under construction. The property is near Downtown San Jose and close to the Target-anchored San Jose Market Center, with dining, shopping, and entertainment options nearby.
For tenants, the layout provides fully separate one-bedroom living spaces with in-unit split heating and air conditioning across the entire property. For buyers, the configuration supports a straightforward residential income strategy, with all three units being of the same one-bedroom type and each having its own heating and cooling equipment.
Key Highlights
- 1959‑built San Jose triplex with three 1‑bedroom units
- Approx. 1,500 SF gross building area on a 3,864 SF parcel
- Each unit features split heating and air conditioning
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 | $50.4k | $33.60 |
| − Vacancy | −$2.2k | −$1.43 |
| EGI | $48.2k | $32.17 |
| − OpEx | −$14.5k | −$9.65 |
| NOI | $33.8k | $22.52 |
