$1,650,000
OPEN SUN 1PM - 4PM

Estimated payment $9,780/month

Total Views 2,605
8 Beds
4 Baths
2,320 Sq Ft
$711 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Tankless Water Heater
  • ENERGY STAR Qualified Appliances
  • Ceramic Countertops
  • Zoned Cooling
  • Washer and Dryer

About This Home

A triplex in San Jose on a large lot presented as 3 detached buildings. This property offers a strong addition to any portfolio for the 5 following reasons: 1. Strong Cash Flow: The asset generates $9,600 per month. With modern infrastructure and low maintenance requirements, it represents a stable investment. 2. Versatile Layout: The spacious lot includes two detached 2-bedroom/1-bath homes (560 sq ft each) and a 1,200 sq ft ADU built in 2026. The ADU is currently configured with 4 bedrooms and 2 baths but can be converted into two 600 sq ft units. 3. Streamlined Utilities: The property features three officially registered addresses with separate metering (three electric and two gas meters). 4. Prime Location: Situated in downtown San Jose, the property is located near San Jose State University and major tech hubs. 5. Investor-Ready: This is an ideal asset for 1031 exchange buyers or long-term investors.

Listing Agent

Irene Borz

CA 1 Team License #01228057 Listed on: 03/26/2026

Open House Schedule

  • Sunday, April 26, 2026
    1:00 to 4:00 pm
    4/26/2026 1:00:00 PM +00:00
    4/26/2026 4:00:00 PM +00:00

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • Fenced
  • Level Lot

Parking

  • 10 Parking Spaces

Home Design

  • Triplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,320 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Laminate Flooring
  • Monitored
  • Washer and Dryer

Kitchen

  • Electric Oven
  • ENERGY STAR Qualified Appliances
  • Ceramic Countertops

Eco-Friendly Details

  • Energy-Efficient HVAC

Utilities

  • Zoned Cooling
  • Heating Available
  • Separate Meters
  • 220 Volts
  • Tankless Water Heater

Community Details

Overview

  • 2,320 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $2,500
  • Maintenance Expense $600
  • Trash Expense $2,040
  • Operating Expense $24,140
  • Gross Income $115,200

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2320
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Countertop - Ceramic, Oven Range - Electric
  • Living Sq Ft: 2320
  • Stories: 1
  • Security: Video / Audio System
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 10
  • Garage Parking Features: Parking Area

Utilities

  • Cooling System: Multi-Zone
  • Heating System: Electric
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10227.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10227.00

Green Features

  • Energy Features: Double Pane Windows, Energy Star Appliances, Energy Star Hvac, Tankless Water Heater

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 14.32
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2500
  • Expense Maintenance: 600
  • Expenses Total: 24140
  • Expense Trash: 2040
  • Income Annual Gross: 115200.00
  • Income Annual Rental: 115200
  • Income Gross Scheduled: 115200
  • Income Includes: Lease, Rents
  • Meters: Separate Electric
  • Number Of Buildings: 3
  • Operating Expenses Include: Insurance, Maintenance, Services - Trash Removal, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2025 $13,108 $1,071,307 $663,255 $408,052
2024 $13,108 $930,000 $645,000 $285,000
2023 $12,617 $994,500 $637,500 $357,000
2022 $13,582 $969,000 $918,000 $51,000
2021 $5,089 $252,503 $139,628 $112,875
2020 $4,873 $249,915 $138,197 $111,718
2019 $4,718 $245,016 $135,488 $109,528
2018 $4,635 $240,213 $132,832 $107,381
2017 $4,573 $235,504 $130,228 $105,276
2016 $4,405 $230,887 $127,675 $103,212
2015 $4,359 $227,420 $125,758 $101,662
2014 $3,473 $222,966 $123,295 $99,671
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2026 03/26/26 For Sale $1,650,000 -- $711 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82040466

MLSListings

APN: 472-23-121

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