| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Poor |
| Demographics | 49th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 78 Duane St, San Jose, CA, 95110, US |
| Region / Metro | San Jose |
| Year of Construction | 1989 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
78 Duane St San Jose Multifamily Investment
Positioned in San Jose’s urban core, the property benefits from an elevated renter base and a high-cost ownership market that tends to sustain apartment demand, according to WDSuite’s CRE market data and multifamily property research. With a 1989 vintage and a manageable 23 units, the asset aligns with workforce needs while offering potential to compete against older nearby stock.
This Urban Core neighborhood rates C+ and is competitive among San Jose-Sunnyvale-Santa Clara neighborhoods (ranked 116 of 344) for overall amenities, according to WDSuite. Access to daily needs is strong: grocery options score in the top national percentiles, restaurants are abundant, and parks density is among the highest nationwide. By contrast, pharmacies and cafes are sparse locally, so residents may rely on nearby districts for those services.
Home values in the neighborhood rank in the top tier nationally, reinforcing renter reliance on multifamily housing and supporting pricing power for well-positioned assets. Neighborhood school ratings track below national averages, which may shape tenant mix toward households prioritizing urban access and commute convenience over school performance.
The neighborhood’s renter-occupied share is 52.5% (ranked 80 of 344, top quartile in the metro), indicating a deep tenant pool and durable leasing demand. Neighborhood occupancy measures have trailed metro leaders recently, so stabilization and asset quality remain important drivers of performance. In WDSuite’s commercial real estate analysis, the 1989 construction year stands newer than the neighborhood average (1953), suggesting relative competitive positioning versus older buildings, while still leaving room for modernization to lift rents and retention.
Within a 3-mile radius, households increased over the last five years even as population edged lower, pointing to smaller household sizes and a renter pool that is reshaping rather than shrinking. Forward-looking data shows projected growth in households and incomes, which supports multifamily demand through a larger tenant base and potential for continued rent absorption.
Safety indicators are mixed relative to the metro and nation. The neighborhood’s crime rank places it around the middle of the pack locally (ranked 148 of 344), and national comparisons indicate weaker safety positioning. However, WDSuite data also shows meaningful year-over-year declines in both property and violent offense rates, signaling an improving trend that investors should monitor alongside on-the-ground management practices.
For underwriting, frame safety as a localized, block-to-block consideration and focus on measures that strengthen resident experience (lighting, access controls, and community engagement). Trend improvement is a positive, but comparative standing versus both the metro and national benchmarks suggests ongoing vigilance in operations.
Nearby employment hubs anchor a diverse renter base and support retention through short commutes. Key nodes include Adobe Systems, eBay, PayPal Holdings, Verizon, and Sanmina—all within roughly five miles—providing a broad spectrum of tech and corporate roles that align with workforce housing demand.
- Adobe Systems — software (0.72 miles)
- Ebay — e-commerce (3.10 miles) — HQ
- Paypal Holdings — fintech (4.15 miles) — HQ
- Verizon — telecommunications (4.97 miles)
- Sanmina — electronics manufacturing (5.17 miles) — HQ
78 Duane St offers investors exposure to San Jose’s urban core with a renter-leaning housing base, high ownership costs that reinforce multifamily demand, and proximity to major employers. The 1989 vintage is newer than much of the surrounding stock, positioning the asset to compete on functionality while leaving room for targeted upgrades that can enhance rentability and retention. According to CRE market data from WDSuite, neighborhood occupancy has been softer than metro leaders, making asset quality, operations, and pricing strategy central to performance.
Within a 3-mile radius, households have grown despite a modest population dip, suggesting smaller household sizes and steady renter demand. Forecasts point to more households and higher incomes over the next five years, supporting leasing stability for well-managed, well-located properties near jobs and services.
- Renter concentration and high ownership costs sustain a deep tenant base
- 1989 vintage out-positions older local stock with value-add potential
- Major employers within five miles support leasing and retention
- Underwrite conservatively given neighborhood occupancy softness and safety standing