San Jose Multifamily Investment Opportunity

128 E Reed St, San Jose, CA 95112

View on Map

For Sale

$2,475,000

Six-unit multifamily property near San Jose State University.

Type:Multifamily

Property size:

4,386 SF

Lot size:

0.20 Acres

Price / SF:

$564/SF

HighLights

Not subject to San Jose rent control, offering greater rent growth flexibility.
Located near San Jose State University in the desirable SUN neighborhood.
Well‑maintained six‑unit multifamily investment property.
Desirable unit mix: two 2‑bed/2‑bath, two 2‑bed/1‑bath, and two studio apartments.
Efficient, low‑density footprint on an 8,833 square foot parcel.
Built in 1980.

We can help!

Listing Contact

Jimmy Castellanos

Learn more

For Sale

$2,475,000

Six-unit multifamily property near San Jose State University.

Type:Multifamily

Property size:

4,386 SF

Lot size:

0.20 Acres

Price / SF:

$564/SF

Added:: Apr 3, 2026
Days on Market:: 67
Last Refresh:: Apr 3 at 5:02 am

Property Features for 128 E Reed St

General Information

Standard status: Active
Size: 4,386 SF
Lot size: 0.20 Acres
Property subtype: Multifamily

We can help!

Listing Contact

Jimmy Castellanos

Listing agent Jimmy Castellanos License #CA: 02024152

Listing office Palo Alto Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Palo Alto Office

HighLights

Not subject to San Jose rent control, offering greater rent growth flexibility.
Located near San Jose State University in the desirable SUN neighborhood.
Well‑maintained six‑unit multifamily investment property.
Desirable unit mix: two 2‑bed/2‑bath, two 2‑bed/1‑bath, and two studio apartments.
Efficient, low‑density footprint on an 8,833 square foot parcel.
Built in 1980.

Overview

Located near San Jose State University in the SUN neighborhood, 128 E. Reed Street is a six-unit multifamily investment property. Constructed in 1980, the property is not subject to the City of San Jose’s rent control ordinance. The improvements total approximately 4,386 rentable square feet and are situated on an 8,833 square foot parcel. The unit mix includes two two-bedroom/two-bath units, two two-bedroom/one-bath units, and two studio apartments.

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: -121.8812583
Latitude: 37.3280322

Nearby Similar for Sale

$1,899,000

2,804 SF

Four-Plex with Five-Stall Carport

Well-maintained four-plex offering four 1-bedroom homes, private storage, and covered parking on a large lot.

590 Macarthur AVE, SAN JOSE, CA 95128

View Details
$1,948,000

3,584 SF

Well-Maintained Fourplex Opportunity

Well-maintained four-unit property with recent roof and full 2024 plumbing replacement, suited for multifamily investors.

3691 Cape Cod CT, SAN JOSE, CA 95117

View Details
$1,900,000

Multi-Unit Flex Automotive Property

Flex automotive building with multiple roll-up door units, office space, full bathrooms, and substantial parking for operations.

1856 Almaden RD, SAN JOSE, CA 95125

View Details
$995,000

Industrial Condominium with Roll-Up Door

Vacant IP-zoned condo with office space and a warehouse roll-up door for owner-use or investment.

2455 Autumnvale DR B, SAN JOSE, CA 95131

View Details
$1,349,000

Warehouse with Offices and Mezzanine

Warehouse space with two roll-up doors, offices, and mezzanine, plus off-street parking and strong freeway access.

1777 Smith AVE, SAN JOSE, CA 95112

View Details
$1,580,000

2,686 SF

Four-Unit Multifamily with Private Garages

Tenant-occupied four-unit property in R3 with private garages, coin-operated laundry, and remodeled kitchens and bathrooms.

822 Opal DR, SAN JOSE, CA 95117

View Details
$1,900,000

C3 Retail/Office Building

C3-zoned building in San Jose with substantial space for retail, office, or mixed-use redevelopment plans.

702 E Santa Clara ST 206, SAN JOSE, CA 95112

View Details
$1,850,000

2,486 SF

Duplex with Private Yard

Two 2-bedroom, 2-bath units with private yards, garages, and a recently installed roof with a 40-year warranty.

2322 Meridian AVE, SAN JOSE, CA 95124

View Details
$1,699,000

Residential Care Home with Outdoor Gardens

Assisted living facility with dual-pane windows, A/C, and private and semi-private rooms.

1708 Hallmark LN, SAN JOSE, CA 95124

View Details
$3,350,000

2,390 SF

Renovated Office Building with Rentals

Renovated building with three rental units and wheelchair accessibility, positioned near Santana Row in San Jose.

Address not disclosed, SAN JOSE, CA 95128

View Details
$1,499,000

2,030 SF

Well-Maintained Duplex with Private Yards

Two-unit residential income property featuring private yards, attached garages, and in-unit laundry for each unit.

5746 Chesbro AVE, SAN JOSE, CA 95123

View Details
$1,549,950

1,660 SF

Duplex with Vacant Owner Unit

Two 2-bedroom, 1-bath units with central A/C, detached garage parking, and outdoor yard space in an R2 setting.

2915 Ross AVE, SAN JOSE, CA 95124

View Details

For sale
Apartment buildings
CA
San Jose
95112
128 E Reed St

What type of property is this?

Apartment building - Six-unit multifamily property near San Jose State University.

Where is this apartment building located?

The property is located at 128 E Reed St San Jose, CA.

What is the asking price?

The asking price for this property is $2,475,000.

What are key features of this property?

This property features: Not subject to San Jose rent control, offering greater rent growth flexibility.; Located near San Jose State University in the desirable SUN neighborhood.; Well‑maintained six‑unit multifamily investment property.

Register to start using Rey

128 E Reed St, San Jose, CA 95112

Six-unit multifamily property near San Jose State University.

Property Features for 128 E Reed St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Plex with Five-Stall Carport

Well-Maintained Fourplex Opportunity

Multi-Unit Flex Automotive Property

Industrial Condominium with Roll-Up Door

Warehouse with Offices and Mezzanine

Four-Unit Multifamily with Private Garages

C3 Retail/Office Building

Duplex with Private Yard

Residential Care Home with Outdoor Gardens

Renovated Office Building with Rentals

Well-Maintained Duplex with Private Yards

Duplex with Vacant Owner Unit

FAQs

128 E Reed St, San Jose, CA 95112

Six-unit multifamily property near San Jose State University.

Property Features for 128 E Reed St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Plex with Five-Stall Carport

Well-Maintained Fourplex Opportunity

Multi-Unit Flex Automotive Property

Industrial Condominium with Roll-Up Door

Warehouse with Offices and Mezzanine

Four-Unit Multifamily with Private Garages

C3 Retail/Office Building

Duplex with Private Yard

Residential Care Home with Outdoor Gardens

Renovated Office Building with Rentals

Well-Maintained Duplex with Private Yards

Duplex with Vacant Owner Unit

FAQs

Create New Password