
San Jose, California 95112
Owner-Occupants seeking a high-yield house hack."
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"San Jose Victorian duplex at $1.1M. 6.0% CAP rate, 6BR, 7 parking spots near SJSU and Google Downtown West. High-yield investment or house hack opportunity."
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"This **Victorian-style Duplex** is a <span class="bg-green-100 px-1.5 py-0.5 rounded font-bold">High-Potential Investment Opportunity</span>, listed at **$1,100,000**—positioned well below the **$1,116,509 Fair Market Value** <span class="text-green-600 font-bold underline">by 1%</span>. This valuation gap offers <span class="text-green-600 font-bold underline">$16,509 in Instant Equity</span>. Delivering a **6.0%
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22 S 10th Street Subject | $1,100,000* List Price | 0 | 0 | 1,776 | $629 | - |
A 422 N 5th Street Sold | $1,050,000 | 0 | 0 | 2,268 | $463 | 0.7 mi |
B 188 S 14th Street Sold | $1,175,000 | 0 | 0 | 2,226 | $528 | 0.3 mi |
C 565 N 12th Street Active | $1,095,000 List Price | 0 | 0 | 2,014 | $544 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1898, this Victorian duplex has been maintained through regular upkeep and features functional, partially updated kitchens with stone countertops and laminate flooring. While the property is move-in ready and fully occupied, the bathrooms and overall interior finishes show signs of age and basic rental-grade quality rather than a comprehensive modern renovation, consistent with the 'fair' condition for a century-old structure with mid-range updates.
The property delivers a robust 6.0% CAP rate from day one with full occupancy, providing investors with immediate and reliable cash flow in a competitive market.
Located in the heart of downtown San Jose near SJSU and the $10B+ Google Downtown West project, the property is positioned for significant long-term capital appreciation.
Rare for downtown, the property includes a gated parking area with seven spaces and private storage lockers, significantly increasing its attractiveness to urban tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1776, other record living area = 5420.
With six bedrooms sharing only two bathrooms, the high density may limit the tenant profile and could lead to increased wear on shared facilities.
As a Victorian structure built in 1898, the property may require more frequent and costly maintenance or seismic retrofitting compared to modern multi-family buildings.
Charming Victorian-style duplex located in the heart of San Jose's vibrant downtown district, near restaurants, transit, City Hall, and all the urban conveniences the city has to offer. Excellent opportunity for investors, owner-occupiers, multigenerational family purchasers, or those seeking additional space for home offices, guest rooms, or income-generating opportunities. Currently rented by the room and fully occupied, the property delivers a 6.0% CAP RATE DAY ONE to investors! The duplex is comprised of 6 bedrooms and 2 bathrooms (3 basement level rooms and 3 main level rooms). Tenants enjoy a grand entrance to the main home, updated kitchens, gated front yard and back deck space, a large private & secured / gated parking area in the rear with 7 spaces and extra private storage lockers. There are 2 separate laundry areas, each equipped with a washer & dryer. Located near San Jose State University, major employment centers, dining, transit, and freeway access, this home offers everyday ease in a dynamic and connected neighborhood. San Jose is undergoing a once-in-a-generation urban transformation, with $10B+ in approved development including Googles massive Downtown West project, major public transit growth & over 20M SF of office & mixed-use construction in the pipeline.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,776 | 1,776 | 50% |
| Lot Size | 5,891 | 5,891 | 50% |
| Price | $1.10M | $999.0K | 67% |
| Price per sq ft | $619 | $619 | 50% |
| Built year | 1898 | 1916 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 150 | 11% |
Mar 26, 2026
$1,100,000
Initial Listing
Dec 4, 2012
$212,500
Public Record