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San Jose Multifamily Investment Opportunity

1244 Quincy Drive, San Jose, CA 95132

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For Sale

$2,000,000

Six-unit apartment complex in desirable Berryessa neighborhood.

Type:Commercial

Property size:

5,114 SF

Price / SF:

$391/SF

HighLights

Turn‑key investment opportunity with high‑quality renovations in a stable, highly desirable rental market.
Five of six units recently remodeled with modern kitchens and bathrooms (new cabinetry, quartz countertops, updated appliances).
Significant recent capital improvements: new roof and siding (Dec 2025), new energy‑efficient windows (2022), copper repipe (2016).
Located in the sought‑after Berryessa neighborhood with very low inventory.
Walking distance to top‑rated Piedmont Hills High School, Noble Elementary, and Piedmont Middle School.
Minutes from Berryessa BART station and major thoroughfares (I‑680 and Highway 880).

We can help!

Contact an agent

WILL RILEY

For Sale

$2,000,000

Six-unit apartment complex in desirable Berryessa neighborhood.

Type:Commercial

Property size:

5,114 SF

Price / SF:

$391/SF

Added:: Mar 26, 2026
Days on Market:: 95
Last Refresh:: Mar 26 at 8:10 pm

Property Features for 1244 Quincy Drive

General Information

Standard status: Active
Size: 5,114 SF
Property subtype: Commercial

Building Details

Year Built: 1973

We can help!

Contact an agent

WILL RILEY

Listing office MAGNIFY REAL ESTATE

Listing date Mar 26, 2026

Source Corcoran

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 MAGNIFY REAL ESTATE

HighLights

Turn‑key investment opportunity with high‑quality renovations in a stable, highly desirable rental market.
Five of six units recently remodeled with modern kitchens and bathrooms (new cabinetry, quartz countertops, updated appliances).
Significant recent capital improvements: new roof and siding (Dec 2025), new energy‑efficient windows (2022), copper repipe (2016).
Located in the sought‑after Berryessa neighborhood with very low inventory.
Walking distance to top‑rated Piedmont Hills High School, Noble Elementary, and Piedmont Middle School.
Minutes from Berryessa BART station and major thoroughfares (I‑680 and Highway 880).

Overview

The property at 1244 Quincy Dr in San Jose presents a fully occupied, six-unit apartment complex. Each unit features two bedrooms and one bathroom. The property is located in the Berryessa neighborhood, within walking distance of Piedmont Hills High School, Noble Elementary, and Piedmont Middle School. It is also located minutes from the Berryessa BART station and major thoroughfares including I-680 and Highway 880. The property has undergone renovations, with five of the six units recently remodeled to include modern kitchens and bathrooms featuring new cabinetry, quartz countertops, and updated appliances. Major capital expenditures have been addressed, including a new roof and siding completed in December 2025, new energy-efficient windows installed in 2022, and a copper repipe performed in 2016. The property offers a turn-key investment opportunity in a stable rental market.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$202.5k	$39.60
− Vacancy	−$9.1k	−$1.78
EGI	$193.4k	$37.82
− OpEx	−$87.0k	−$17.02
NOI	$106.4k	$20.80

5,114 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,371 @ 7.0% cap · market cap 5.32%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.09M

$2.70M – $3.60M (±1% cap)

NOI $216,195 @ 7.0% cap · market cap 10.81%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: San Jose
County: Santa Clara
State: California
Longitude: -121.8486226
Latitude: 37.3973778

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For sale
Apartment buildings
CA
San Jose
95132
1244 Quincy Drive

What type of property is this?

Apartment building - Six-unit apartment complex in desirable Berryessa neighborhood.

Where is this apartment building located?

The property is located at 1244 Quincy Drive San Jose, CA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Turn‑key investment opportunity with high‑quality renovations in a stable, highly desirable rental market.; Five of six units recently remodeled with **modern kitchens and bathrooms** (new cabinetry, quartz countertops, updated appliances).; Significant recent capital improvements: **new roof and siding** (Dec 2025), new energy‑efficient windows (2022), copper repipe (2016).