Turn-Key Multifamily
1244 Quincy Drive San Jose, CA 95132
For Sale
$2,000,000
Fully occupied six-unit complex with recent interior renovations and major exterior capital improvements.
Property Size5,114 SF
Price / SF$391.08
Days on Market121
Property Features for 1244 Quincy Drive
General Information
- Standard status
- Active
- Size
- 5,114 SF
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1973
Listing Agency:
Magnify Real Estate
(916) 548-6515
Listed By:
Will Riley · License #02155155
(916) 548-6515
Source:
Compass
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 23 at 7:39AM
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
Investment Insights
Based on property information with market context.
1244 Quincy Drive is a fully occupied six-unit multifamily property featuring units with 2 bedroom and 1 bathroom layouts. The community has been meticulously maintained, and renovations include updated kitchens and bathrooms with new cabinetry, quartz countertops, and updated appliances across 5 of the 6 units.
Recent capital improvements include a brand-new roof and siding completed in December 2025, energy-efficient windows installed in 2022, and a copper repipe performed in 2016.
Located in the Berryessa area of San Jose, the property is described as being within walking distance of Piedmont Hills High School and Noble Elementary, and near Piedmont Middle School. It is also positioned just minutes from Berryessa BART station and major thoroughfares including I-680 and Highway 880.
Recent capital improvements include a brand-new roof and siding completed in December 2025, energy-efficient windows installed in 2022, and a copper repipe performed in 2016.
Located in the Berryessa area of San Jose, the property is described as being within walking distance of Piedmont Hills High School and Noble Elementary, and near Piedmont Middle School. It is also positioned just minutes from Berryessa BART station and major thoroughfares including I-680 and Highway 880.
Key Highlights
- Six‑unit complex in San Jose, built in 1973, fully occupied with each unit offering 2BD/1BA
- Interior updates: 5 of 6 units recently remodeled with modern kitchens and bathrooms, new cabinetry, quartz countertops, and updated appliances
- Exterior capital improvements include a brand‑new roof and siding completed Dec 2025
Financial Insights For Apartment 5plus
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 | $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
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
NOI $216,195 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully occupied six-unit complex with recent interior renovations and major exterior capital improvements.
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: Six‑unit complex in San Jose, built in 1973, fully occupied with each unit offering 2BD/1BA; Interior updates: 5 of 6 units recently remodeled with modern kitchens and bathrooms, new cabinetry, quartz countertops, and updated appliances; Exterior capital improvements include a brand‑new roof and siding completed Dec 2025
