Two-Unit Duplex with Attached
For Sale
$1,974,888
853 Opal DR, San Jose, CA 95117
Each residence offers three bedrooms and two bathrooms, with a separate entrance and interior utility access.
Property Size2,589 SF
Days on Market13
Property Features for 853 Opal DR
General Information
Standard status
Active
Size
2,589 SF
Total Parking Spaces
3
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,912
Amenities
wood burning fireplaces
Building Details
Building Size
2,589 SF
Year Built
1967
Buildings
2
Listing Agency:
Christie's International Real Estate Sereno
Listed By:
John Faylor · License #01065896
(408) 605-8133
Source:
Lynnnorth
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 16 at 5:06PM
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 Christie's International Real Estate Sereno
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Investment Insights
Based on property information with market context.
Built in 1967, this duplex comprises two separate homes, each configured with 3 bedrooms and 2 bathrooms. Both residences have central heating and air conditioning, wood-burning fireplaces, and attached garages; one garage accommodates two cars and the other accommodates one. Each home has a separate entrance and utilities inside the unit.
Kitchen and bathroom updates, along with new flooring and paint, are noted across the homes. The property also has a new roof and driveway. Santana Row and Valley Fair are nearby.
Kitchen and bathroom updates, along with new flooring and paint, are noted across the homes. The property also has a new roof and driveway. Santana Row and Valley Fair are nearby.
Key Highlights
- Two separate homes, each with 3 bedrooms and 2 bathrooms
- Attached garages: one accommodates two cars; the other accommodates one
- Central heat and air in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,293
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,860
$1.2M
Cap Rate 7%
$832,757
$832.8K
Cap Rate 9%
$647,700
$647.7K
Market Conditions
NOI Build-Up for 2,589 SF
Gross rent
$87.0K $33.60/SF
− Vacancy
−$3.7K −$1.43/SF
EGI
$83.3K $32.17/SF
− OpEx
−$25.0K −$9.65/SF
NOI
$58.3K $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%
$1,165,860
Cap Rate 7%
$832,757
Cap Rate 9%
$647,700
Alternative Uses
Best Use
Multifamily LT 5
$832.8K
$728.7K – $971.6K
NOI $58,293 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$769.3K
$673.1K – $897.5K
NOI $53,851 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,450 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 95117, CA
30,137
Population
11,226
Households
2.7
Avg Household Size
36
Median Age
44%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
13,103
Density / Sq Mi
$115,778
Median Household Income
$56,791
Median Earnings
$2,367
Median Rent
$1,425,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms and two bathrooms, with a separate entrance and interior utility access.
Where is this duplex located?
The property is located at 853 Opal DR San Jose, CA.
What is the asking price?
The asking price for this property is $1,974,888.
What are key features of this property?
This property features: Two separate homes, each with 3 bedrooms and 2 bathrooms; Attached garages: one accommodates two cars; the other accommodates one; Central heat and air in both units
