Triplex with Three
697 Hamline Street San Jose, CA 95110
For Sale
$887,000
Three one-bedroom units with split heating and A/C in a well-located San Jose income property.
Property Size1,500 SF
Lot Size0.09 Acres
Price / SF$591.33
Days on Market129
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 Agency:
Marcus & Millichap
(650) 492-0934
Listed By:
Adam S. Levin · License #01462752
(650) 492-0934
Source:
Exitrealty
Added: Mar 19
Changed: Jul 10
Last Checked: Jul 23 at 5:23AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
697 Hamline Street is a well-situated triplex asset offering 3 one-bedroom floor plans within an approximately 1,500-square-foot gross building area. The property sits on a 3,864-square-foot parcel and all three units are equipped with split heating and air conditioning. Viewing is by appointment only, and tenants should not be disturbed.
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.
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
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 |
1,500 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.5K
$422.2K – $562.9K
NOI $33,774 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,200 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$905.9K
$792.7K – $1.06M
NOI $63,413 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three one-bedroom units with split heating and A/C in a well-located San Jose income property.
Where is this triplex located?
The property is located at 697 Hamline Street San Jose, CA.
What is the asking price?
The asking price for this property is $887,000.
What are key features of this property?
This property features: 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
