Duplex with Month-to-Month
For Sale
$1,120,000
855 N 16th ST, San Jose, CA 95112
Both units are occupied under month-to-month rental agreements.
Property Size1,587 SF
Price / SF$705.73
Days on Market86
Property Features for 855 N 16th ST
General Information
Standard status
Active
Size
1,587 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
East Northside
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,300
Amenities
low-maintenance yard
Building Details
Building Size
1,587 SF
Year Built
1956
Buildings
1
Listing Agency:
DEAL Real Estate Services
Listed By:
Awne Elrabadi
(408) 688-4928
Source:
Dealres
Added: Aug 4
Changed: Oct 27
Last Checked: Oct 26 at 2:04PM
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 DEAL Real Estate Services
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Investment Insights
Based on property information with market context.
This 1,587-square-foot duplex was built in 1956 and contains two rental units, each occupied on a month-to-month basis. The property includes a yard and is located in San Jose’s Hensley neighborhood.
Downtown San Jose, SAP Center, San Jose State University, San Jose International Airport, and the future Google campus are identified as nearby destinations. The property has no HOA.
Downtown San Jose, SAP Center, San Jose State University, San Jose International Airport, and the future Google campus are identified as nearby destinations. The property has no HOA.
Key Highlights
- Two‑unit duplex with both units rented month to month
- 1,587 square feet; built in 1956
- Located in San Jose’s Hensley neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,732
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,640
$714.6K
Cap Rate 7%
$510,457
$510.5K
Cap Rate 9%
$397,022
$397.0K
Market Conditions
NOI Build-Up for 1,587 SF
Gross rent
$53.3K $33.60/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$51.0K $32.17/SF
− OpEx
−$15.3K −$9.65/SF
NOI
$35.7K $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%
$714,640
Cap Rate 7%
$510,457
Cap Rate 9%
$397,022
Alternative Uses
Best Use
Multifamily LT 5
$510.5K
$446.7K – $595.5K
NOI $35,732 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$471.6K
$412.6K – $550.2K
NOI $33,009 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,091 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,132
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied under month-to-month rental agreements.
Where is this duplex located?
The property is located at 855 N 16th ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Two‑unit duplex with both units rented month to month; 1,587 square feet; built in 1956; Located in San Jose’s Hensley neighborhood
