502 N 18th St San Jose, CA 95112
Northside NeighborhoodEstimated payment $11,892/month
About This Home
Marcus & Millichap is pleased to present the investment opportunity North 18th Flats located at 502, 504, 506 and 508 N. 18th Street San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.25 acres and features a gross building area of approximately 4308 square feet. The property features two duplex style buildings four three bed/one bath units of about 1077 square feet. Each unit contains modern appliances, upgraded windows, and washer dryer hook ups. The property offers an in place Cap Rate of 5.55 with a 13.01 GRM - PROFORMA CAP RATE OF 7.46 and 10.47 PROFORMA GRM
Property Details
Home Type
- Multi-Family
Year Built
- 1971
Home Design
- Quadruplex
Interior Spaces
- 4,308 Sq Ft Home
- 2-Story Property
Parking
- 6 Parking Spaces
- On-Street Parking
- Off-Street Parking
Additional Features
- 11,077 Sq Ft Lot
- Wall Furnace
Listing and Financial Details
Community Details
Overview
- 4,308 Sq Ft Building
Building Details
- 4 Leased Units
- Insurance Expense $1,600
- Maintenance Expense $2,000
- Other Expense $1,067
- Utility Expense $3,006
- Trash Expense $5,232
- Operating Expense $35,855
- Gross Income $141,414
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $13,980 | $564,806 | $207,647 | $357,159 |
| 2025 | $13,980 | $553,732 | $203,576 | $350,156 |
| 2024 | $13,446 | $542,876 | $199,585 | $343,291 |
| 2023 | $13,021 | $532,232 | $195,672 | $336,560 |
| 2022 | $12,789 | $521,797 | $191,836 | $329,961 |
| 2021 | $12,220 | $511,567 | $188,075 | $323,492 |
| 2020 | $11,472 | $506,322 | $186,147 | $320,175 |
| 2019 | $11,003 | $496,396 | $182,498 | $313,898 |
| 2018 | $10,756 | $486,664 | $178,920 | $307,744 |
| 2017 | $10,587 | $477,122 | $175,412 | $301,710 |
| 2016 | $10,282 | $467,768 | $171,973 | $295,795 |
| 2015 | $10,193 | $460,742 | $169,390 | $291,352 |
| 2014 | -- | $451,717 | $166,072 | $285,645 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/11/2026 06/11/26 | For Sale | $1,900,000 | -- | $441 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $650,000 | New Conventional |
Source: MLSListings
MLS Number: ML82050750
APN: 249-26-069
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