Four-Unit Apartment
1073 N 5th Street San Jose, CA 95112
For Sale
$1,300,000
Four-unit apartment complex built in 1954, offering direct proximity to major employers and area universities.
Property Size1,680 SF
Price / SF$773.81
Days on Market74
Property Features for 1073 N 5th Street
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1954
Listing Agency:
Marcus & Millichap
(650) 391-1770
Listed By:
Michael Henshaw · License #01134592
(650) 391-1770
Source:
Exitrealty
Added: May 12
Changed: Jul 22
Last Checked: Jul 23 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a four-unit apartment complex built in 1954. The property is situated on a 0.13-acre parcel with approximately 1,680 square feet of gross building area. It offers four separate apartment units within a compact multifamily building.
The asset is located near Downtown San Jose in the Silicon Valley region. Residents are within reach of major employers and technology companies including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. The building is also near Santa Clara University and San Jose State University, and it is a few blocks from multiple travel corridors, including Highways 87, 880, and 101.
For investors, the offering combines a small, four-unit configuration with an established location near employment centers, universities, and major transportation routes.
The asset is located near Downtown San Jose in the Silicon Valley region. Residents are within reach of major employers and technology companies including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. The building is also near Santa Clara University and San Jose State University, and it is a few blocks from multiple travel corridors, including Highways 87, 880, and 101.
For investors, the offering combines a small, four-unit configuration with an established location near employment centers, universities, and major transportation routes.
Key Highlights
- Four‑unit apartment complex built in 1954
- Approximately 1,680 SF gross building area on a 0.13‑acre parcel
- Close to major employment centers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco, Adobe, and LinkedIn
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 | $56.4k | $33.60 |
| − Vacancy | −$2.4k | −$1.43 |
| EGI | $54.0k | $32.17 |
| − OpEx | −$16.2k | −$9.65 |
| NOI | $37.8k | $22.52 |
1,680 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.4K
$472.8K – $630.4K
NOI $37,826 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$499.2K
$436.8K – $582.4K
NOI $34,944 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.01M
$887.8K – $1.18M
NOI $71,022 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit apartment complex built in 1954, offering direct proximity to major employers and area universities.
Where is this quadplex located?
The property is located at 1073 N 5th Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit apartment complex built in 1954; Approximately 1,680 SF gross building area on a 0.13‑acre parcel; Close to major employment centers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco, Adobe, and LinkedIn
