386 Margaret Street, San Jose, California 95112, San Jose, 95112 - 0 bed, 0 bath
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386 Margaret Street
San Jose, California 95112
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,011Sq Ft
3,205Lot Size
Property Price
LIST PRICE$998,000
EST. MARKET VALUE
$1,006,092
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $998,000—positioned well below the $1,006,093 Fair Market Value by 0.8%. This valuation gap offers $8,093 in Instant Equity. Featuring separately metered electricity and a low-maintenance exterior, the property maintains a Condition Rating of 4. Its proximity to San Jose State University ensures consistent rental demand. This is a stable, income-producing asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic downtown location.
Estimated Market Value
$1,006,092
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1905, the property shows signs of partial updates including newer laminate flooring and a wall-mounted mini-split HVAC system. However, the exterior, original windows, and unfinished basement indicate the core structure and systems are dated (likely 20+ years since a full renovation), requiring minor repairs and further modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Downtown Location
Situated in the heart of San Jose near SJSU and Diridon Station, the property offers exceptional transit connectivity and high rental demand from students and professionals.
- Turnkey Investment Features
The duplex includes separately metered electricity and strong in-place rents, providing immediate cash flow and simplified utility management for the owner.
- Low-Maintenance Exterior
Equipped with an iron fence and artificial lawn, the property minimizes ongoing landscaping costs while maintaining consistent curb appeal.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1905, the property may require significant long-term capital expenditure for maintenance or upgrades to aging structural and mechanical systems.
- Compact Living Quarters
With only 1,011 total square feet for two units, the small footprint may limit the tenant profile and long-term occupancy comfort compared to larger modern units.
About 386 Margaret Street
Excellent investment or owner-occupant opportunity in downtown San Jose! This appealing duplex features an iron fence, low-maintenance artificial lawn, a partial basement, and separately metered electricity for each unit. Strong in-place rents offer immediate income with potential for future growth. Enjoy a convenient location near San Jose State University, Diridon Station, downtown shopping, restaurants, and entertainment, with easy access to San Jose Mineta International Airport and Highways 101, 280, 680, and 880. A compelling opportunity to own an income-producing property in the heart of Silicon Valley!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1905
- Lot Size
- 3,205 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Lowell Elementary School
Grades K-5 • 0.2 mi
3/10
Washington Elementary School
Grades K-5 • 0.7 mi
4/10
Selma Olinder Elementary School
Grades K-5 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,011 | 2,404.563 |
| Lot Size | 3,205 | 6,807.656 |
| Price | $998.0K | $1.42M |
| Price per sq ft | $987 | $613 |
| Built year | 1905 | 1962 |
| HOA | $0 | $0 |
| Days on market | 7 | 72 |
Pricing History
Listed for Sale
Oct 17, 2026
$998,000
Initial Listing
Sold
Jan 31, 2023
$850,000
Public Record
Sold
Oct 12, 2004
$405,000
Public Record
Sold
Aug 31, 2004
$395,000
Public Record