OFFER DATE: Monday, November 17th at 5:00 PM. $9,700 monthly gross rent // 6.17% cap rate! Nestled in the heart of Downtown San Jose, 84 North 9th Street presents a rare opportunity to own a five-unit multifamily community in one of the Bay Areas most dynamic urban neighborhoods. This charming… Read More property is set within a beautifully maintained 1898 Victorian residence, showcasing timeless architectural detail and vintage character that stands apart from more conventional apartment offerings. The building totals approximately 2,280 square feet and is situated on a 6,328 square foot lot, comprising three one-bedroom units and two studio units, an ideal mix for a variety of tenant profiles. Priced at $235,000 per unit with a day-one cap rate well over 6%, this offering delivers immediate, above-market returns that are rarely seen in Silicon Valley. Read Less
Courtesy of Marcus & Millichap, Jimmy Castellanos 408-483-5040
Listing Snapshot
Days Online
2
Last Updated
Property Type
Five Or More Units
Square Ft.
2,280
Lot Size
0.15 Acres
Year Built
1898
MLS Number
ML82026157
30 Days Snapshot Of 95112
$1.11M
+6%
(avg) sold price
11
-42%
homes sold
38
+15%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6328.00, Max Area Units: Square Feet, Lot is 0.14527089072544 acres
Accessibility Features
None
Unit One
Rent: $1,735
Unit Two
Rent: $1,979, bedroom 1
Building
2,280 structure square feet, Age: 127, Built in 1898, 1 building, Construction type: Wood Frame, 5 minimum units in complex
Cooling
None
Foundation
Brick
Garage
Assigned Spaces
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 39705
Parking
6 parking spaces
Property
Zoning: RM
Roof
Composition, Shingle
Security Features
Video / Audio System
Taxes
Annual tax amount: $14,147
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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