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Fourplex with Carport Parking

1081 Newhall ST San Jose, CA 95126

1081 Newhall ST, San Jose, CA, 95126
$1,595,000
For Sale
Claim this Listing
$1,595,000

MULTI_FAMILY - SAN JOSE, CA

Property Size2,400 SF
Lot Size0.16 Acres
Price / SF$664.58
AddedJun 1
Days on Market45
Last RefreshJul 15 at 11:06 pm

Property Features for 1081 Newhall ST

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3
Parking features
Carport, Off Street
Appliances
Oven Range, Refrigerator
Standard status
Active
Size
2,400 SF
Lot size
0.16 Acres

Utilities

Heating system
Wall Furnace
Water source
Public

Building Details

Year built
1952
Number of units
4
Roof type
Composition

Listing agent Jane He License #02094580

Listing office Compass 750 University Ave., Suite 150, San Francisco, CA

Listing date Jun 1, 2026

MLS# ML82042359 Listing URL

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This fourplex at 1081 Newhall St in San Jose offers four tenant-occupied residential units, each configured as a 1-bedroom, 1-bathroom layout. The property includes four covered carport parking spaces plus additional street parking for residents and guests. According to the current leasing structure, all units are on month-to-month terms, providing flexibility for ongoing occupancy.

Set in a quiet, tree-lined Santa Clara neighborhood just steps from the Rose Garden area, the property benefits from convenient access to Highways 880 and proximity to downtown San Jose as well as shopping and dining options. The area is also described as being near major employment and development activity tied to the Google campus.

For investors or owner-operators seeking a small multifamily asset, the four separate unit configurations and on-going month-to-month occupancy can support straightforward management and tenant continuity. With RM zoning and a compact lot size, this income property is positioned for buyers looking for a turnkey residential income offering with practical day-to-day leasing flexibility.

Key Highlights

  • Fourplex with four 1‑bedroom, 1‑bath units
  • All units tenant‑occupied and on month‑to‑month leases
  • Four covered carport parking spaces plus additional street parking

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $80.6k $33.60
− Vacancy −$3.4k −$1.43
EGI $77.2k $32.17
− OpEx −$23.2k −$9.65
NOI $54.0k $22.52
2,400 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$772.0K
$675.5K – $900.6K (±1% cap)
NOI $54,038 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$713.1K
$624.0K – $832.0K (±1% cap)
NOI $49,920 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M (±1% cap)
NOI $101,460 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Pharmacy Florist (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Mobile Phone Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Tenant-occupied fourplex with four covered carports and four one-bedroom units in RM zoning.
Where is this quadplex located?
The property is located at 1081 Newhall ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fourplex with four 1‑bedroom, 1‑bath units; All units tenant‑occupied and on month‑to‑month leases; Four covered carport parking spaces plus additional street parking
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More about this property
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