Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier bread and butter 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential.Key Highlights: Value-Add Opportunity: Current rents are… Read More below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available. Read Less
Courtesy of James Meech, Broker, Jim Meech 408-718-3116
Listing Snapshot
Days Online
80
Last Updated
Property Type
Five Or More Units
Square Ft.
3,940
Lot Size
0.14 Acres
Year Built
1955
MLS Number
ML82038150
30 Days Snapshot Of 95112
$1.06M
-1%
(avg) sold price
22
+120%
homes sold
32
+88%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6027.00, Max Area Units: Square Feet, Lot is 0.1383608815427 acres
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