Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Duane St San Jose, CA 95110

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,625,000

    Five-unit apartment building near Downtown San Jose with value-add potential.

    Property size:
    2,898 SF
    Lot size:
    0.18 Acres

    Property Features for Duane St

    General Information

    Standard status
    Active
    Size
    2,898 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Brandyn Kringen
    Source: Corcoran

    Listing Agent: Brandyn Kringen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    San Jose Multifamily Investment Opportunity

    Located near Downtown San Jose, 73 Duane Street is a five-unit apartment building offered for sale. The property features updated electrical systems and remodeled units. The unit mix includes two two-bedroom units and three one-bedroom units. An on-site laundry room provides convenience for tenants and generates additional income. There are 14 parking spaces available. Situated at the end of a cul-de-sac on an expansive lot, the property offers potential for development or the addition of new dwellings. The building has recently passed a city inspection. The property is professionally managed and currently occupied by tenants.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.883915
    Latitude
    37.324545

    Nearby Similar for Sale

    • $859,000
      1,695 SF

      Medical Office Condo Near Hospital

      Move-in ready medical office condo near Regional Medical Center.
      200 Jose Figueres Ave, San Jose, CA 95116
      View Details
    • $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse Dr, San Jose, CA 95131
      View Details
    • $6,900,000
      17,036 SF

      San Jose Commercial Property Opportunity

      Commercial property near downtown San Jose, ideal for medical or school.
      480 N 1St St, San Jose, CA 95112
      View Details
    • New
      $1,550,000
      2,110 SF

      Charming Duplex in South San Jose

      Spacious duplex with modern amenities, ideal for investors or multigenerational living.
      5663-5665 Beswick Dr, San Jose, CA 95123
      View Details
    • $2,485,000
      3,158 SF

      San Jose Multifamily Investment Opportunity

      Multifamily property in San Jose near Cupertino schools and Apple campus.
      5011 Lapa Dr, San Jose, CA 95129
      View Details
    • $1,950,000
      2,992 SF

      San Jose Fourplex in Northlake

      Well-maintained fourplex in West San Jose with strong income potential.
      551 Northlake Dr, San Jose, CA 95117
      View Details
    • $2,500,000
      6,536 SF

      Downtown San Jose Multifamily Investment

      13-unit multifamily property with value-add potential in downtown San Jose.
      358 N 7Th St, San Jose, CA 95112
      View Details
    • $2,098,000
      3,584 SF

      Well-Maintained Fourplex in West San Jose

      Fourplex in West San Jose with immediate cash flow.
      3691 Cape Cod Ct, San Jose, CA 95117
      View Details
    • $188,888
      1,100 SF

      Turn-Key Dental Office Opportunity

      Professionally built-out dental office in high-traffic San Jose location.
      1692 Tully Rd, San Jose, CA 95122
      View Details
    • New
      $699,000
      3,264 SF

      Established Restaurant in Willow Glen

      Turnkey breakfast and brunch restaurant with loyal neighborhood following.
      860 Willow St, San Jose, CA 95125
      View Details
    • $1,899,999
      3,578 SF

      San Jose Commercial Building For Sale

      Commercial building in a bustling shopping center, many possibilities!
      2268 Senter Rd, San Jose, CA 95112
      View Details
    • $2,100,000
      2,988 SF

      San Jose Multifamily Investment Opportunity

      Six-unit property near Westfield Valley Fair and major employers.
      2129 Randolph Dr, San Jose, CA 95128
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building near Downtown San Jose with value-add potential.
    Where is this apartment building located?
    The property is located at Duane St San Jose, CA.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: - Great opportunity to develop or add new dwellings due to the expansive lot and unique location.; - Income potential with a market rent five-unit building.; - Ample parking with 14 spaces.
    Request Owner's contact information
    Duane St San Jose, CA 95110
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Duane St
    San Jose, CA 95110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Duane St San Jose, CA 95110
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brandyn Kringen
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.