$2,048,000
$50K PRICE DROP

3691 Cape Cod Ct San Jose, CA 95117

Blackford Neighborhood

Estimated payment $12,588/month

Total Views 4,289
9 Beds
5 Baths
3,584 Sq Ft
$571 Price per Sq Ft

Highlights

  • Tile Flooring
  • Moreland Middle School Rated A-
  • Coin Laundry

About This Home

Price improvement! This well-maintained fourplex represents a compelling entry point for first-time multifamily investors seeking stable cash flow in a proven rental market. Located in West San Jose's desirable rental corridor, the property offers four spacious units totaling 3,584 square feet on a 7,260 SF lot. Exceptional capital investment totaling over $275,000 since 2013. The owner has methodically upgraded every major building system and unit interior. Most significantly, 2024 saw complete replacement of all plumbing infrastructure including drains, supply lines, and sewer systems. New roof in 2022. Renovated Units: Unit 2 - extensive remodeling in 2024. Unit 4 updated in 2021, Unit 3 in 2017, and Unit 1's townhouse configuration saw kitchen/bath upgrades in 2013 plus recent downstairs bathroom remodel in 2025. Additional improvements include new water heaters, exterior painting, comprehensive termite treatment with tree removal, front post replacement, and new heating systems. Close to downtown Campbell and under three miles from Santana Row and Valley Fair.

Listing Agent

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 01/05/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Sewer Within 50 Feet

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,850
  • Insurance Expense $3,727
  • Maintenance Expense $3,200
  • Other Expense $778
  • Utility Expense $7,800
  • Operating Expense $46,006
  • Gross Income $126,038

Property Details

Home Type

Multi-Family

Year Built

1964

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3584
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3584
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected, Sewer In Street

Schools

  • High School: 241

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7260.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7260.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.76
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3727
  • Expense Landscape: 1850
  • Expense Maintenance: 3200
  • Expenses Other: 778
  • Expenses Total: 46006
  • Expenses Utility: 7800
  • Income Annual Gross: 126038.00
  • Income Annual Rental: 129936
  • Income Gross Scheduled: 129936
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Map

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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 List to Sale Price per Sq Ft
02/13/2026 02/13/26 Price Changed $2,048,000 -2.4% $571 / Sq Ft
01/05/2026 01/05/26 For Sale $2,098,000 -- $585 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82029860

MLSListings
California Santa Clara County San Jose 95117 Blackford

3691 Cape Cod Ct, San Jose, CA

For Sale

MultiFamily

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Michael Shields
Listing Agent
Michael Shields
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SiliconValley MultiFamilyGroup
(408) 356-1900
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