Updated Two-Unit
For Sale
$1,050,000
Pending
791 N 14th Street, San Jose, CA 95112
Two-bedroom units with separate utilities, laundry areas, and one remodeled interior offer flexible occupancy options.
Property Size1,894 SF
Lot Size0.13 Acres
Days on Market172
Property Features for 791 N 14th Street
General Information
Standard status
Pending
Size
1,894 SF
Lot size
0.13 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
laundry rooms
central A/C & heating
Building Details
Year Built
1956
Listing Agency:
Compass
(408) 768-0348
Listed By:
Kenneth Nguyen · License #02150267
(408) 768-0348
Source:
Exitrealty
Added: Mar 12
Changed: Aug 30
Last Checked: Jun 27 at 5:48PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each with 2 bedrooms, 1 bathroom, and approximately 947 square feet of living space. One unit has a remodeled kitchen with quartz countertops and shaker cabinetry, along with an updated bathroom and fresh interior paint. Additional improvements include luxury vinyl flooring, dual-pane windows, central A/C and heating, and a newer roof. The property was built in 1956 and occupies a 5,625-square-foot lot.
Separate laundry rooms and individual gas, electric, and water meters support independent unit operation. The address is near Japantown, restaurants, shopping, grocery markets, and the SAP Center, with access to Highways 101, 87, 880, and 680. The two-unit configuration allows an owner to occupy one residence while leasing the other, subject to applicable requirements.
Separate laundry rooms and individual gas, electric, and water meters support independent unit operation. The address is near Japantown, restaurants, shopping, grocery markets, and the SAP Center, with access to Highways 101, 87, 880, and 680. The two-unit configuration allows an owner to occupy one residence while leasing the other, subject to applicable requirements.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and approximately 947 sq. ft. of living space
- 5,625 sq. ft. lot with 1,894 sq. ft. of total property size
- One residence features a remodeled kitchen with quartz countertops and shaker cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$852,900
$852.9K
Cap Rate 7%
$609,214
$609.2K
Cap Rate 9%
$473,833
$473.8K
Market Conditions
NOI Build-Up for 1,894 SF
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.
Gross rent
$63.6K $33.60/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$60.9K $32.17/SF
− OpEx
−$18.3K −$9.65/SF
NOI
$42.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$852,900
Cap Rate 7%
$609,214
Cap Rate 9%
$473,833
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.1K – $710.8K
NOI $42,645 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$562.8K
$492.4K – $656.6K
NOI $39,395 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,069 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,177
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units with separate utilities, laundry areas, and one remodeled interior offer flexible occupancy options.
Where is this duplex located?
The property is located at 791 N 14th Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and approximately 947 sq. ft. of living space; 5,625 sq. ft. lot with 1,894 sq. ft. of total property size; One residence features a remodeled kitchen with quartz countertops and shaker cabinets
