688 N 11th Street, San Jose, California 95112, San Jose, - bed, bath
ACTIVE$1,399,000
688 N 11th Street, San Jose, California 95112
0Bed
0Bath
2,806Sqft
5,728Lot
Year Built
2015
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024884
Home ConditionExcellent
Features
Patio
View-
About this home
OFFER DATE: Monday (10/20) BY 5:00 PM VACANT DUPLEX // BUILT IN 2015 // EASILY CONVERTABLE TO FOUR UNITS. Marcus & Millichap is pleased to present 688 North 11th Street, a newly constructed duplex located in Downtown San Jose, near Japantown. The property is being offered 100% vacant, providing exceptional flexibility for both investors and owner-users. This impressive duplex features two expansive four-bedroom, four-bathroom townhome-style units. Delivered entirely vacant, 688 North 11th Street represents a unique opportunity in a submarket defined by low vacancy and strong rental demand. The property combines significant rental and equity upside with the rare ability to acquire a newly constructed asset well below replacement cost, all within one of Silicon Valleys most dynamic rental markets.
Nearby schools
2/10
Grant Elementary School
Public,•K-5•0.1mi
4/10
Empire Gardens Elementary School
Public,•K-5•0.7mi
4/10
Horace Mann Elementary School
Public,•K-5•1.0mi
2/10
Selma Olinder Elementary School
Public,•K-5•1.6mi
3/10
Lowell Elementary School
Public,•K-5•1.8mi
4/10
Washington Elementary School
Public,•K-5•2.2mi
4/10
Gardner Elementary School
Public,•K-5•2.3mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.6mi
4/10
Peter Burnett Middle School
Public,•6-8•0.7mi
3/10
Herbert Hoover Middle School
Public,•6-8•2.4mi
6/10
Orchard Elementary School
Public,•K-8•2.5mi
5/10
Willow Glen Middle School
Public,•6-8•4.3mi
3/10
San Jose High School
Public,•9-12•1.0mi
6/10
Independence High School
Public,•9-12•1.9mi
5/10
Abraham Lincoln High School
Public,•9-12•2.6mi
6/10
Willow Glen High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
10/15/25
Listing
$1,399,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,806 | 2,058 | 89% |
| Lot Size | 5,728 | 6,348 | 22% |
| Price | $1.4M | $1.02M | 89% |
| Price per square foot | $499 | $528 | 33% |
| Built year | 2015 | 1972 | 89% |
| HOA | |||
| Days on market | 21 | 168 | 11% |
Condition Rating
Excellent
This property was built in 2015, making it only 9 years old, which falls within the 'newly built' criteria for an excellent rating. The images confirm a modern aesthetic throughout, featuring stainless steel appliances, granite countertops, and recessed lighting in the kitchen. The bathrooms are clean and functional with contemporary vanities. Hardwood/laminate flooring is present in living areas and bedrooms, and the exterior shows modern HVAC and tankless water heater units. There are no signs of deferred maintenance or significant physical depreciation, indicating a move-in ready condition with high-quality, current standards.
Pros & Cons
Pros
New Construction & Modernity: Built in 2015, this property offers modern construction standards, reduced immediate maintenance concerns, and contemporary appeal to both tenants and owner-users.
Strategic Location & Strong Market: Located in Downtown San Jose, near Japantown, the property benefits from a dynamic Silicon Valley rental market characterized by low vacancy rates and strong rental demand.
Value-Add & Income Potential: The property presents significant rental and equity upside, with the rare opportunity to acquire a newly constructed asset potentially below replacement cost, and the clear potential to easily convert to four units for increased income.
Vacant Delivery for Flexibility: Delivered 100% vacant, this offers exceptional flexibility for investors to immediately place tenants at market rates or for owner-users to occupy one or both units without lease obligations.
Spacious, High-Demand Units: Features two expansive 4-bedroom, 4-bathroom townhome-style units, catering to a strong demand for larger, well-appointed rental properties in the area.
Cons
Undefined MLS Area: The MLS area '699 - Not Defined' lacks specific geographical context, which might require additional localized research for potential buyers to fully understand the immediate neighborhood's characteristics and desirability.
Mixed Local School Performance: While some schools are adequately rated, several nearby elementary and high schools have lower performance ratings (e.g., ratings of 2 or 3), which could be a deterrent for families prioritizing top-tier public education.
Additional Investment for Full Potential: Although described as 'easily convertable to four units,' realizing this potential would still necessitate additional capital expenditure, time, and permitting processes, which are not included in the current list price.