
San Jose, California 95124
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,549,950—positioned above the $1,362,264 Fair Market Value. While priced above the current estimate, the property offers significant stability in the highly desirable 95124 market. Featuring a Condition Rating of 3, the asset includes modern kitchen updates, central HVAC, and a seller-provided roof credit. With top-rated schools like Union Middle and Los Gatos High nearby, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2915 Ross Avenue Subject | $1,549,950* List Price | 0 | 0 | 1,660 | $821 | - |
A 1801 Terri Way Sold | $1,540,000 | 0 | 0 | 2,205 | $698 | 0.8 mi |
B 2333 New Jersey Avenue Active | $1,498,888 List Price | 0 | 0 | 1,694 | $885 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1962, the property has been well-maintained and updated. The kitchen features stainless steel appliances, stone countertops, and a modern backsplash (likely a 5-15 year old renovation). Systems are functional with central HVAC and double-pane windows, and the seller is addressing the roof, making it move-in ready.
Elementary School: Louise Van Meter Elementary School (9/10). Middle School: Union Middle School (9/10). High School: Los Gatos High School (10/10).
Situated in the highly desirable 95124 zip code, this property is within the attendance boundaries of top-rated schools like Union Middle and Branham High, ensuring strong long-term appreciation and high tenant demand.
The duplex configuration with one vacant unit provides excellent flexibility for an owner-occupant looking to offset their mortgage or an investor seeking to immediately capture market-rate rent in a high-demand area.
The front unit is currently tenant-occupied, which may limit the buyer's ability to immediately renovate the entire property or adjust all rents to current market levels upon closing.
Built in 1962, the 2-bedroom, 1-bathroom configuration may be perceived as less competitive compared to more modern or larger multi-family units in the San Jose market.
Exceptional duplex in a prime San Jose location. This property features two 2-bedroom, 1-bath units, with the front unit currently tenant-occupied and the owner's unit vacant, offering flexibility for owner-occupancy or immediate rental income. Located in the highly desirable 95124 area, the property is within walking distance to shopping, schools, and parks. Easy access to Highway 85, Highway 17, and major commute corridors enhances long-term rental demand and investment stability. The property includes central A/C, gas forced-air heating, hardwood and tile flooring, eat-in kitchens, a detached garage, driveway parking, and fenced yard areas. The vacant owner's unit features a large private backyard, creating additional outdoor living space and added appeal. Energy-efficient features such as an attic fan, ceiling insulation, double-pane windows, and low-flow toilets contribute to long-term value and operational efficiency. A dedicated laundry area adds everyday convenience. Seller will provide a credit toward a new roof or coordinate roof replacement prior to closing, offering added value and peace of mind. A rare opportunity to acquire a well-maintained duplex in one of San Jose's most desirable and high-demand rental markets.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.4 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 | 1,660 | 1,932.5 | 50% |
| Lot Size | 6,890 | 7,645 | 50% |
| Price | $1.55M | $1.54M | 50% |
| Price per sq ft | $934 | $816 | 50% |
| Built year | 1962 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 47 | 50% |
May 29, 2026
$1,549,950
Initial Listing
Jul 1, 2009
$550,000
Public Record
Apr 24, 2006
$755,000
Public Record