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
3
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
$999k
-15%
(avg) sold price
10
-37%
homes sold
31
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6027.00, Max Area Units: Square Feet, Lot is 0.1383608815427 acres
Accessibility Features
Parking
Unit One
480 approximate square feet, 1 bedroom
Unit Two
480 approximate square feet, bedroom 1
Unit Three
480 approximate square feet, bedroom 1
Unit Four
480 approximate square feet, 1 bedroom
Building
3,940 structure square feet, Age: 71, Built in 1955, 1 building, Construction type: Brick, Wood Frame, 8 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter and Slab
Garage
Off-Site Parking
Water Features
Public
Heating
Gas
Tenant Pays
Utilities - Gas, Utilities - Heating
Miscellaneous
Total expenses: 45600
Parking
8 parking spaces
Property
Zoning: C3
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $16,000
Sewer
Sewer Connected
Utilities
Master Water, Separate Electric, Separate Gas, Public Utilities
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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