697 Hamline Street, San Jose, California 95110, San Jose, 95110 - 0 bed, 0 bath
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697 Hamline Street
San Jose, California 95110
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,500Sq Ft
3,864Lot Size
Property Price
LIST PRICE$798,000
EST. MARKET VALUE
$826,233
3% BelowMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $798,000—positioned well below the $826,234 Fair Market Value by 3%. This valuation gap offers $28,234 in Instant Equity. Featuring Modern Split HVAC Systems and a Transit-Oriented Location near the future BART station, the property maintains a Fair Condition Rating with upside for cosmetic updates. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-growth rental property in San Jose.
Estimated Market Value
$826,233+$28,233 Equity Potential
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.
The property is an older structure (built 1959 per description, 1899 per records) showing visible exterior wear, dated siding, and cracked pavement. While the units feature modern split HVAC systems and the description claims 'beautifully designed' interiors, the overall age and exterior condition indicate the property is dated and likely requires minor repairs or cosmetic updates to the building envelope.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Transit-Oriented Location
The property is exceptionally well-positioned within walking distance to PayPal Park, Coleman Landing, and a future BART station, ensuring high tenant demand and long-term appreciation.
- Modern Climate Control
Each of the three units is equipped with individual split heating and air conditioning systems, a premium feature that enhances tenant comfort and reduces utility disputes.
- Strong Rental Appeal
As a triplex located near Downtown San Jose and San Jose Mineta International Airport, the property offers a robust income-generating opportunity in a high-growth employment hub.
CONSRISKS & DEFICIENCIES
- Compact Unit Footprints
With a total building size of 1,500 square feet across three units, the average living space per unit is approximately 500 square feet, which may limit the tenant pool to single occupants.
- Aging Infrastructure
Originally constructed in 1959 (with records indicating 1899), the property's age suggests potential requirements for ongoing maintenance and capital expenditures for older structural systems.
About 697 Hamline Street
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, the property was originally constructed in 1959 and features approximately 1,500 square feet of gross building area, offering tenants three beautifully designed one-bedroom floor plans, each equipped with split heating and air conditioning. The property is conveniently located within walking distance of numerous lifestyle amenities, including PayPal Park (0.3 miles), Coleman Landing Shopping Mall (0.2 miles), In-N-Out Burger (0.2 miles), Costco (1.3 miles), and a new BART station currently under construction. 697 Hamline St is also situated near Downtown San Jose and the Target-anchored San Jose Market Center, providing convenient access to a wide variety of dining, shopping, and entertainment options. The property offers easy access to San Jose Mineta International Airport (SJC), one of Northern Californias busiest airports, serving millions of passengers annually with domestic and international destinations.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1959
- Lot Size
- 3,864 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
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 | 1,500 | 2,559.348 |
| Lot Size | 3,864 | 6,883.043 |
| Price | $798.0K | $1.48M |
| Price per sq ft | $532 | $632 |
| Built year | 1959 | 1963 |
| HOA | $0 | $0 |
| Days on market | 16 | 63 |
Pricing History
Listed for Sale
Aug 24, 2026
$798,000
Initial Listing
Sold
May 26, 2004
$399,000
Public Record