$1,750,000

181 Alexander Ave San Jose, CA 95116

Alum Rock Neighborhood

Estimated payment $11,415/month

Total Views 461,635
6 Beds
4 Baths
3,206 Sq Ft
$546 Price per Sq Ft

About This Home

Amazing opportunity to buy a four unit building at a great cap rate . Unit 2 & 3 has been completely remodeled with new floorings, appliances, kitchen and bathroom and new mini split HVAC and washer 7 dryer . This well-maintained 4 unit building has a large lot and off street parking. Comfortable loft -style units, each unit has it own yard space. Unit 1 & 4 is livable but has not yet remodel with potential for more income . Close to 680 and 101 this property gives great access to all of the bay area including jobs, shopping and entertainment. With both 2 and 1 bed units the building offers desirable and in demand rentals. All tenants would like to stay!

Listing Agent

Tan Nguyen

Akimax Lending License #01843858 Listed on: 06/16/2025

Co-Listing Agent

Kaylee Tran

Akimax Lending License #02119916

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,599 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,206 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Parking

  • 2 Parking Spaces
  • 3 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $2,500
  • Maintenance Expense $800
  • Utility Expense $1,500
  • Trash Expense $2,600
  • Operating Expense $27,577
  • Gross Income $103,848

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3206
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3206
  • Stories: 2
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 3

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: East Side Union High
  • High School: Independence High
  • High School: 246

Lot Info

  • Lot Acres: 0.1515
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6600.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.85
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2500
  • Expense Landscape: 600
  • Expense Maintenance: 800
  • Expenses Total: 27577
  • Expenses Utility: 1500
  • Expense Trash: 2600
  • Income Annual Gross: 103848.00
  • Income Annual Rental: 103848
  • Income Gross Scheduled: 103848
  • Income Includes: Lease
  • Meters: Master Water, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Maintenance - Repair, Utilities - Water
  • Tenant Expenses: Rent Only

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 For Sale $1,750,000 +29.6% $546 / Sq Ft
07/13/2023 07/13/23 Sold $1,350,000 -3.6% $421 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/27/2023 05/27/23 Price Changed $1,400,000 -3.4% $437 / Sq Ft
03/31/2023 03/31/23 Price Changed $1,450,000 -3.3% $452 / Sq Ft
12/14/2022 12/14/22 For Sale $1,498,898 -- $468 / Sq Ft
Source: MLSListings

About the Listing Agent

Tan Nguyen
Tan Nguyen

Akimax Lending

(866) 604-1297

Section Image

As a dedicated and knowledgeable real estate professional, I bring a personal touch to every transaction. Whether you're buying your first home, upgrading, or looking for the right investment, I provide honest advice, clear communication, and a strong commitment to helping you reach your goals. I know that real estate is more than just a transaction—it's a life-changing experience. Let’s make it smooth, stress-free, and successful together.As a dedicated and knowledgeable real estate

View Tan's Profile

Tan's Other Listings

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    Welcome to your serene sanctuary nestled in the heart of San Jose. This Newly remodeled 3 beds/1bath home offers the perfect blend of comfort & tranquil living. The home feature new smooth wall paints through the house. New modern kitchen is a culinary delight, featuring sleek granite counters & stainless steel appliances. New bathroom features new tiles, vanities and wall hung toilet and walk

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  • 3735 Ruther Place Way, San Jose, CA 95121

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    • 3 Beds
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    • 1,355 Sq Ft
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    First time home buyer and Contractors special! Rare opportunity to own a home in a prime location with endless potential. Property is in original condition ready for a new owner to bring their vision and transform it into a dream home. Home is located in a top-rated schools, nearby parks, shopping, dining, and easy freeway access.

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  • 5919 Pala Mesa Dr, San Jose, CA 95123

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  • 5960 Liska Ln, San Jose, CA 95119

    $1,385,000 Sold Jun 17, 2025

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    • 1,497 Sq Ft
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    Beautiful move in ready home in the heart of Santa Teresa. 3 bedrooms 2.5 baths sq. ft. 1,497 Close to schools, library, shopping, hospital.Featuring Central a/c, newer flooring, remodeled master bathroom with Jacuzzi tub, remodeled upstairs bathroom, remodeled master closet. Walking distance to Miyuki park with tennis courts, baseball hoop, dog park and playground. Nearby Kaiser hospital, VTA,

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  • 1243 E Channel St, Stockton, CA 95205

    $465,000 Sold Jan 17, 2025

    • 4 Beds
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    • 2,281 Sq Ft
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    Charming newly remodeled duplex and move in ready! An opportunity to live in 1 unit and rent out the other for additional income or rent out both for cash flow. Both units are 2bed/1bath, 1,100 sqft. Updates include new windows, recessed lights, stainless steel appliances, dual pane windows, floorings, paint and much more. Both units are vacant which is a good opportunity to live in one and and

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  • 4911 Siskiyou Ave, Sacramento, CA 95820

    $385,000 Sold Jan 22, 2025

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    • 4911 Siskiyou Ave
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    Welcome to 4911 Siskiyou Avenue! Located in the Highly Coveted Sacramento Neighborhood. This Charming home has been Newly Updated Throughout and is ready for your Enjoyment! The Possibilities are Endless! It's Spacious and Inviting Floor Plan Welcomes Friends and Family Over for Gatherings. Upgrades Include Newly Updated Kitchen, Newly Updated Bathroom, New Luxury Vinyl Flooring, New Recessed

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  • 4648 12th Ave, Sacramento, CA 95820

    $353,000 Sold Jan 23, 2025

    • 2 Beds
    • 1 Bath
    • 1,020 Sq Ft
    • 4648 12th Ave
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    Opportunity Knock! Nice move in ready 2 bed 1 bath, perfect home for a starter family featuring: New floors, bathroom, Paint, Kitchen appliances dual pane windows, low maintenance landscaping and a huge backyard to host your family gathering.

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Source: MLSListings

MLS Number: ML82011231

MLSListings

APN: 484-05-061

California Santa Clara County San Jose 95116 Alum Rock

181 Alexander Ave, San Jose, CA

This home is located at 181 Alexander Ave, San Jose, CA 95116 and is currently priced at $1,750,000, approximately $545 per square foot. This property was built in 1962. 181 Alexander Ave is a home located in Santa Clara County with nearby schools including Russo / McEntee Academy, William Sheppard Middle School, and James Lick High School.

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Tan Nguyen
Tan Nguyen
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Akimax Lending
(866) 604-1297