| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 83rd | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 950 S Main St, Milpitas, CA, 95035, US |
| Region / Metro | Milpitas |
| Year of Construction | 2002 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
950 S Main St Milpitas Multifamily Investment Opportunity
Neighborhood occupancy trends and a high-cost ownership market point to durable renter demand, according to WDSuite’s CRE market data. For investors, the combination suggests steady leasing fundamentals with room to manage pricing through cycles.
Located in Milpitas within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood posts an A+ rating and ranks 3rd out of 344 metro neighborhoods, indicating strong fundamentals compared with most local peers. Amenity access is a clear strength: restaurants, groceries, parks, pharmacies, and childcare all score in the upper national percentiles, placing the area in the top quartile nationally for everyday convenience. This concentration of services supports renter retention and day‑to‑day livability for a workforce tenant base.
Rent levels in the surrounding area are elevated versus national norms, while neighborhood occupancy has held in the mid‑90s in recent readings. That mix typically supports stable collections if underwriting assumes normal turnover and prudent concessions management. Renter concentration is roughly half of housing units being renter‑occupied, which signals a deep tenant pool for multifamily assets and a broad base of comparable product.
Within a 3‑mile radius, household counts have increased over the past five years and are forecast to expand further even as household sizes trend smaller. This dynamic, combined with high median incomes and elevated home values locally, tends to sustain multifamily demand by reinforcing reliance on professionally managed rentals. Based on commercial real estate analysis from WDSuite, these demographics align with steady leasing velocity and support for renewal rates.
For investors benchmarking to metro and national CRE trends, the neighborhood’s amenity density (top national percentiles) and competitive positioning in the metro suggest resilience. While pricing power should be underwritten conservatively, the surrounding income profile and depth of renters support occupancy stability through typical market cycles.
Safety indicators for the neighborhood trail both metro and national comparisons. Recent ranks place the area 316th out of 344 metro neighborhoods and in the low national percentiles for safety, signaling that investors should account for enhanced on‑site management and security measures as part of the operating plan. Trends can vary by block and over time, so underwriting should emphasize lighting, access control, and community engagement to support resident satisfaction.
Proximity to major corporate offices supports a sizable commuter tenant base and reduces friction in lease‑ups. Nearby employers include Bristol‑Myers Squibb, Charles Schwab, Cisco (McCarthy Ranch), Qualcomm, and Hewlett Packard Enterprise.
- Bristol-Myers Squibb — biopharma operations (0.99 miles)
- Charles Schwab — financial services (1.26 miles)
- Cisco - McCarthy Ranch 1 — networking & enterprise tech offices (1.42 miles)
- Qualcomm — semiconductors & wireless (1.43 miles)
- Hewlett Packard Enterprise — enterprise technology (1.87 miles)
This 68‑unit asset sits in one of the San Jose metro’s highest‑rated neighborhoods, where amenity density and high household incomes underpin steady renter demand. Elevated home values in the immediate area reduce competition from ownership, while neighborhood occupancy has generally held in the mid‑90s, supporting collections and renewal strategies. According to CRE market data from WDSuite, the local renter concentration and amenity advantages place the property competitively versus many metro peers.
Within a 3‑mile radius, households have grown and are projected to expand further even as average household size declines—conditions that typically broaden the renter pool and support leasing velocity. The property also benefits from proximity to diversified employers across technology, life sciences, and financial services, which helps stabilize demand through cycles. Investors should still underwrite conservatively for security and operating expenses given below‑average safety indicators and maintain prudent assumptions around future rent growth.
- Top‑tier neighborhood positioning in the San Jose metro with strong amenity access
- High incomes and elevated ownership costs reinforce depth of multifamily renter demand
- Mid‑90s neighborhood occupancy supports stable collections and renewals
- Diverse nearby employers (tech, life sciences, finance) bolster leasing stability
- Risk: below‑average safety metrics warrant proactive security and expense planning