San Jose Duplex with Private Outdoor
For Sale
$1,175,000
Pending
932 Princess Anne Drive, San Jose, CA 95128
Two attached units with garages and private outdoor space on a convenient 95128 lot.
Property Size1,692 SF
Lot Size0.16 Acres
Days on Market104
Property Features for 932 Princess Anne Drive
General Information
Standard status
Pending
Size
1,692 SF
Lot size
0.16 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,100
Building Details
Year Built
1955
Tenancy
Multi
Listing Agency:
KW Bay Area Estates
(408) 723-1515
Listed By:
Jim Myrick · License #00893246
(408) 723-1515
Source:
Exitrealty
Added: May 19
Changed: Aug 7
Last Checked: Jul 23 at 8:11AM
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 KW Bay Area Estates
Investment Insights
Based on property information with market context.
930 Princess Anne Dr is a duplex for sale offering two tenant-occupied units, each approximately 850 square feet. The property includes attached garages and a long driveway that provides additional off-street parking. Each unit also benefits from private outdoor space, with a generous front yard contributing to an overall residential feel.
The address is located in San Jose’s 95128 area near San Jose City College and Santa Clara Valley Medical Center. The surrounding area also includes access to shopping and dining, parks, and major commuter routes, with Santana Row, Valley Fair, and Downtown Campbell noted as nearby destinations.
For buyers seeking a duplex structure with separate tenant occupancy, this configuration supports straightforward operations within an established neighborhood setting. The property may also appeal to an owner-occupant buyer looking for flexibility, while retaining practical on-site parking provided by the attached garages and extended driveway.
The address is located in San Jose’s 95128 area near San Jose City College and Santa Clara Valley Medical Center. The surrounding area also includes access to shopping and dining, parks, and major commuter routes, with Santana Row, Valley Fair, and Downtown Campbell noted as nearby destinations.
For buyers seeking a duplex structure with separate tenant occupancy, this configuration supports straightforward operations within an established neighborhood setting. The property may also appeal to an owner-occupant buyer looking for flexibility, while retaining practical on-site parking provided by the attached garages and extended driveway.
Key Highlights
- San Jose duplex built in 1955 in 95128
- Two tenant‑occupied units, approximately 850 SF each
- Each unit includes an attached garage
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
$38,097
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
3.24%
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%
$761,940
$761.9K
Cap Rate 7%
$544,243
$544.2K
Cap Rate 9%
$423,300
$423.3K
Market Conditions
NOI Build-Up for 1,692 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
$56.9K $33.60/SF
− Vacancy
−$2.4K −$1.43/SF
EGI
$54.4K $32.17/SF
− OpEx
−$16.3K −$9.65/SF
NOI
$38.1K $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%
$761,940
Cap Rate 7%
$544,243
Cap Rate 9%
$423,300
Alternative Uses
Best Use
Multifamily LT 5
$544.2K
$476.2K – $635.0K
NOI $38,097 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$502.8K
$439.9K – $586.6K
NOI $35,193 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.02M
$894.1K – $1.19M
NOI $71,530 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,323
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
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 attached units with garages and private outdoor space on a convenient 95128 lot.
Where is this duplex located?
The property is located at 932 Princess Anne Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: San Jose duplex built in 1955 in 95128; Two tenant‑occupied units, approximately 850 SF each; Each unit includes an attached garage
