Fourplex Residential Income
For Sale
$1,388,888
Pending
855 Jeanne Avenue, San Jose, CA 95116
True 4-unit building with two-bedroom, one-bath layouts near Little Saigon and major dining.
Property Size2,815 SF
Days on Market155
Property Features for 855 Jeanne Avenue
General Information
Standard status
Pending
Size
2,815 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
Real Estate Experts ERA Powered
(650) 512-9817
Listed By:
Chris Renois · License #02030130
(650) 512-9817
Source:
Exitrealty
Added: Mar 21
Changed: Aug 8
Last Checked: Jul 23 at 6:54AM
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 Real Estate Experts ERA Powered
Investment Insights
Based on property information with market context.
This for-sale residential income property is a true fourplex comprising four separate units. Each unit is configured with 2 bedrooms and 1 bathroom, creating a consistent layout across the building and simplifying leasing and tenant turnover. The property is offered as an income-oriented multi-family asset for buyers looking for a straightforward unit mix.
The building is located at 855 Jeanne Avenue in San Jose, with stated proximity to multiple parks, including Happy Hollow Park & Zoo. The area is also described as being near Little Saigon, providing convenient access to dining, shopping, and entertainment. The remarks further note quick and easy freeway access for commuters.
With four independently leased units, the property may appeal to investors seeking a manageable residential rental structure or an owner-operator looking to supplement income through long-term tenancy. The two-bedroom, one-bath format is a practical fit for tenants who need additional living space, while the uniform unit design can support efficient property management. Please note that specific operating details beyond the unit count and layout are not provided in the information available.
The building is located at 855 Jeanne Avenue in San Jose, with stated proximity to multiple parks, including Happy Hollow Park & Zoo. The area is also described as being near Little Saigon, providing convenient access to dining, shopping, and entertainment. The remarks further note quick and easy freeway access for commuters.
With four independently leased units, the property may appeal to investors seeking a manageable residential rental structure or an owner-operator looking to supplement income through long-term tenancy. The two-bedroom, one-bath format is a practical fit for tenants who need additional living space, while the uniform unit design can support efficient property management. Please note that specific operating details beyond the unit count and layout are not provided in the information available.
Key Highlights
- True 4‑plex built in 1959 with four units
- All units feature 2 bedrooms and 1 bathroom layout
- Public remarks indicate income potential over $100k per year
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
$63,382
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
4.56%
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%
$1,267,640
$1.3M
Cap Rate 7%
$905,457
$905.5K
Cap Rate 9%
$704,244
$704.2K
Market Conditions
NOI Build-Up for 2,815 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
$94.6K $33.60/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$90.5K $32.17/SF
− OpEx
−$27.2K −$9.65/SF
NOI
$63.4K $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%
$1,267,640
Cap Rate 7%
$905,457
Cap Rate 9%
$704,244
Alternative Uses
Best Use
Multifamily LT 5
$905.5K
$792.3K – $1.06M
NOI $63,382 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$836.5K
$731.9K – $975.9K
NOI $58,552 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,005 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
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?
Quadplex - True 4-unit building with two-bedroom, one-bath layouts near Little Saigon and major dining.
Where is this quadplex located?
The property is located at 855 Jeanne Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,388,888.
What are key features of this property?
This property features: True 4‑plex built in 1959 with four units; All units feature 2 bedrooms and 1 bathroom layout; Public remarks indicate income potential over $100k per year
