697 Hamline Street, San Jose, California 95110, San Jose, 95110 - 0 bed, 0 bath
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San Jose, California 95110
This Strategic Multi-Family Asset represents a High-Potential Investment Opportunity with a List Price of $928,000—positioned below the $940,506 Fair Market Value by 1%. This valuation offers $12,506 in Instant Equity for a turnkey triplex in a premier tech corridor. Despite its 1886 origin, the renovated interiors earn a Condition Rating of 3 with modern cabinetry and stone countertops. Proximity to the future BART station and major employers like Adobe ensures low vacancy. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Property is move-in ready.
Despite the property's 1886 original build date, the interior units have been extensively renovated and are in move-in ready condition. The kitchen features modern white shaker-style cabinetry, stone countertops, recessed lighting, and stainless steel appliances. The flooring has been updated to contemporary luxury vinyl planks, and the bathroom includes a modern vanity and glass shower enclosure. While the exterior shows some age and tenant clutter, the core living spaces meet modern quality standards.
The property is ideally positioned near major Silicon Valley employers such as Adobe, Cisco, and PwC, ensuring a consistent pool of high-quality professional tenants.
Located within walking distance of a future BART station and major amenities like PayPal Park, the property is poised for significant long-term capital appreciation.
The 100% one-bedroom floor plan configuration is perfectly suited for the local workforce, maximizing occupancy rates in a historically low-vacancy market.
Dating back to 1886, the property's age suggests potential requirements for costly upgrades to electrical, plumbing, and foundation systems to meet modern standards.
With a gross building area of only 1,500 square feet shared across three units, the limited square footage per unit may constrain future rent growth potential.
** Please do not disturb tenants, Appointment only ** 697 Hamline St is a well-situated triplex asset located in the thriving city of San Jose, California. Situated on a 3,864 square foot parcel of land, the subject property features a gross building area of approximately 1,500 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans. Additionally, all three units feature split heating and air conditioning. The subject property is within walking distance to various lifestyle amenities such as PayPal Park (0.3mi), Coleman Landings Shopping Mall (0.2mi), In-N-Out Burger (0.2mi), Costco (1.3mi), and a new BART station currently in construction. 697 Hamline St sits near Downtown San Jose and is within close proximity to the Target-anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). Additionally, the subject property is located near San Jose State University and Santa Clara University. The investment appeal of this asset is driven by San Joses strong employment fundamentals and low vacancy levels.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1886 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 7, 2026
$887,000
$928,000
-4% Price Drop
Initial Listing
Apr 2, 2026
$928,000
$988,000
-6% Price Drop
Initial Listing
Mar 16, 2026
$988,000
Initial Listing
May 26, 2004
$399,000
Public Record