Two-Building Multifamily
263 Fifth St Gilroy, CA 95020
For Sale
$1,950,000
Multifamily property with 2 buildings totaling 5,294 square feet on a 9,450 square foot lot and 5 attached 1-car garages.
Property Size5,294 SF
Lot Size0.22 Acres
Price / SF$368.34
Days on Market23
Property Features for 263 Fifth St
General Information
Standard status
Active
Size
5,294 SF
Lot size
0.22 Acres
Property subtype
Investment
Building Details
Year Built
1980
Listing Agency:
Renz & Renz
(408) 846-1031
Listed By:
George Renz · License #00854816
(408) 846-1031
Source:
Elliman
Added: Jul 5
Changed: Jul 20
Last Checked: Jul 27 at 3:42AM
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 Renz & Renz
Investment Insights
Based on property information with market context.
This multifamily property includes two buildings totaling 5,294 square feet on a 9,450 square foot lot. The offering provides 5 1-car garage spaces and a unit mix that is currently operating as 6 individual units.
Public remarks indicate the configuration may be tied to 3 permitted units of a front house and a back duplex, and the buyer should verify permitted status and unit count. The property is described as having small- and large-unit variety and is currently occupied by tenants; please do not disturb.
Walkability and bikeability are noted in the public remarks, with a Walk Score of 90 and a Bike Score of 82.
Public remarks indicate the configuration may be tied to 3 permitted units of a front house and a back duplex, and the buyer should verify permitted status and unit count. The property is described as having small- and large-unit variety and is currently occupied by tenants; please do not disturb.
Walkability and bikeability are noted in the public remarks, with a Walk Score of 90 and a Bike Score of 82.
Key Highlights
- 2‑building multifamily totaling 5,294 sqft on a 9,450 sqft lot
- Configured with 6 individual units and 5 attached 1‑car garage spaces
- Year built: 1980
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 | $190.6k | $36.00 |
| − Vacancy | −$7.6k | −$1.44 |
| EGI | $183.0k | $34.56 |
| − OpEx | −$82.3k | −$15.55 |
| NOI | $100.6k | $19.01 |
5,294 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,628 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,725 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with 2 buildings totaling 5,294 square feet on a 9,450 square foot lot and 5 attached 1-car garages.
Where is this apartment building located?
The property is located at 263 Fifth St Gilroy, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2‑building multifamily totaling 5,294 sqft on a 9,450 sqft lot; Configured with 6 individual units and 5 attached 1‑car garage spaces; Year built: 1980
