| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 54th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 140 W Dunne Ave, Morgan Hill, CA, 95037, US |
| Region / Metro | Morgan Hill |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
140 W Dunne Ave Morgan Hill Multifamily Investment
This 20-unit property built in 1989 operates in a neighborhood with 95% occupancy and strong rental demand supported by nearby tech employment corridors.
Morgan Hill's Inner Suburb neighborhood demonstrates solid fundamentals for multifamily investors, with CRE market data from WDSuite showing neighborhood-level occupancy at 95%, well above national averages. The area ranks in the 84th percentile nationally for housing metrics among the San Jose metro's 344 neighborhoods, supported by median household incomes of $108,000 and contract rents averaging $2,432 per month.
Demographics within a 3-mile radius show a stable tenant base with 31% of housing units renter-occupied and median household income of $157,541. The area benefits from strong amenity density, ranking in the 87th percentile nationally, with nearly 11 restaurants per square mile and solid access to childcare and grocery options that support tenant retention.
The property's 1989 construction year aligns with the neighborhood average of 1977, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to differentiate units and capture rent premiums in this competitive market.
Crime data for this specific neighborhood is not currently available in our dataset. Investors should conduct independent due diligence on local safety conditions and consider factors such as proximity to commercial districts, lighting, and community engagement when evaluating tenant appeal and retention potential.
The property benefits from proximity to major Silicon Valley employers, providing workforce housing opportunities for tech professionals and supporting stable rental demand.
- IBM Silicon Valley Lab — technology offices (7.2 miles)
- Ebay — e-commerce technology (19.1 miles) — HQ
- Netflix — streaming technology (19.5 miles) — HQ
- Adobe Systems — software technology (19.5 miles)
- Paypal Holdings — financial technology (22.9 miles) — HQ
This 20-unit property offers investors exposure to the San Jose metro's strong rental fundamentals, with neighborhood occupancy at 95% and net operating income per unit averaging $13,572 according to commercial real estate analysis from WDSuite. The area's 53% rental share provides a substantial tenant pool, while household income growth of 42% over five years demonstrates economic resilience that supports rent growth potential.
Built in 1989, the property presents value-add opportunities through strategic renovations to capture higher rents in a market where contract rents have increased 51% over five years. The location benefits from proximity to major tech employers within reasonable commuting distance, creating sustained demand for workforce housing in this Inner Suburb setting.
- Strong neighborhood occupancy at 95% indicates stable rental demand
- Above-average NOI per unit at $13,572 supports cash flow potential
- Value-add renovation opportunities with 1989 vintage construction
- Proximity to major Silicon Valley tech employment corridors
- Risk: High home values may create affordability pressure on tenant retention