601 S 5th Street is now available - a rare multifamily asset offering steady income and growth potential in San Jose's thriving urban core. This impressive two-story income property sits just two blocks from SJSU, placing tenants in an unbeatable location surrounded by education, culture, dining, transit, and tech employment… Read More hubs. Discover eight efficiently designed units: (1) 1 Bed / 2 Ba, (1) 1 Bed / 1 Ba, and (6) Studios, each with dedicated parking and access to a shared coin-op laundry room. With ~3,560 sq. ft. of rentable space on a 0.19-acre lot, the property's four-units-per-floor layout maximizes occupancy, privacy, and operational efficiency. Investors will also appreciate the potential for additional income through ADU, storage units, or unit modernization to elevate returns. The fundamentals align: an excellent location, consistent tenant demand, and measurable upside. Current metrics indicate strong rental performance with a projected Cap Rate of 8.13 and GRM 8.78. Walking distance from Downtown San Jose with easy connectivity to major highways (280, 87, 101) and global employers like Cisco, PayPal, Adobe, and Apple. 601 S 5th Street delivers what serious investors seek, reliable cash flow, low vacancy, and growth potential in a prime Silicon Valley corridor. Read Less
Courtesy of Compass, Ray Rodriguez 650-405-0743
Listing Snapshot
Days Online
44
Last Updated
Property Type
Five Or More Units
Square Ft.
3,560
Lot Size
0.19 Acres
Year Built
1910
MLS Number
ML82025799
30 Days Snapshot Of 95112
$1.00M
-11%
(avg) sold price
17
+41%
homes sold
66
+120%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8142.00, Max Area Units: Square Feet, Lot is 0.18691460055096 acres
Accessibility Features
Other
Unit One
Rent: $2,380, 1 bedroom
Unit Two
Rent: $2,080, bedroom 1
Unit Three
Rent: $1,650
Building
3,560 structure square feet, Age: 115, Built in 1910, 1 building, Construction type: Wood Frame, 8 minimum units in complex
Cooling
Other
Floors
Carpet, Tile, Vinyl / Linoleum
Foundation
Brick / Mortar Perimeter
Garage
Assigned Spaces, Uncovered Parking
Water Features
Private / Mutual
Heating
Wall Furnace, Other
Laundry
Coin Operated
Tenant Pays
Rent Only, Other
Miscellaneous
Total expenses: 50571
Parking
8 parking spaces
Property
Zoning: R4
Roof
Flat / Low Pitch, Shingle
Security Features
Other
Taxes
Annual tax amount: $20,408
Sewer
Sewer - Private
Utilities
Master Electric, Master Gas, Master Water, Public Utilities
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