Duplex with Attached
For Sale
$899,000
Locust ST, San Jose, CA 95110
Residential Income (2-4 units), SAN JOSE, CA
Property Size1,474 SF
Lot Size0.10 Acres
Price / SF$609.91
Days on Market64
Property Features for Locust ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2
Parking features
Garage - Attached, On Street
Subdivision
Central San Jose
Special listing conditions
Short Sale
Standard status
Active
Size
1,474 SF
Lot size
0.10 Acres
Utilities
Water source
Public
Building Details
Year built
1955
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
Acquire Inc.
(408) 455-4007
Listed By:
Robert Garcia · License #01408257
(347) 538-5518
Added: Jul 11
Changed: Sep 9
Last Checked: Sep 12 at 12:06PM
MLS# ML82040543
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This San Jose duplex contains 1,474 square feet on a 0.0999-acre lot and was built in 1955. Interior features include laminate flooring and four identified bedrooms, while the property is served by public water. An attached garage and on-street parking provide parking options for residents. The composition roof is another established building feature.
Located near downtown San Jose, the property is positioned close to transit, parks, shopping, dining, freeway connections, and major employers. The address is on Locust St in the 95110 ZIP code. R2 zoning supports the property's residential classification, and the duplex configuration allows for rental income or an owner-occupant arrangement as described in the property information.
Located near downtown San Jose, the property is positioned close to transit, parks, shopping, dining, freeway connections, and major employers. The address is on Locust St in the 95110 ZIP code. R2 zoning supports the property's residential classification, and the duplex configuration allows for rental income or an owner-occupant arrangement as described in the property information.
Key Highlights
- Duplex with 1,474 square feet of property size
- 0.0999‑acre lot in San Jose, CA 95110
- R2 zoning
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
$33,188
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
3.69%
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%
$663,760
$663.8K
Cap Rate 7%
$474,114
$474.1K
Cap Rate 9%
$368,756
$368.8K
Market Conditions
NOI Build-Up for 1,474 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
$49.5K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$47.4K $32.17/SF
− OpEx
−$14.2K −$9.65/SF
NOI
$33.2K $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%
$663,760
Cap Rate 7%
$474,114
Cap Rate 9%
$368,756
Alternative Uses
Best Use
Multifamily LT 5
$474.1K
$414.9K – $553.1K
NOI $33,188 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,659 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$890.2K
$778.9K – $1.04M
NOI $62,314 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - R2-zoned San Jose property offers residential income potential with garage parking and convenient access to downtown amenities.
Where is this duplex located?
The property is located at Locust ST San Jose, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Duplex with 1,474 square feet of property size; 0.0999‑acre lot in San Jose, CA 95110; R2 zoning
