Multifamily Asset Near San
For Sale
$1,580,000
139 E Julian St, San Jose, CA 95112
Two-story multifamily asset with positive cash flow potential.
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$316
Days on Market203
Property Features for 139 E Julian St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.11 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Hensley
Amenities
Strong In-Place Cap Rate
$175,555 per unit
Walkable, Transit-Connected Northside/Downtown San Jose Location
Located Within the Nationally Registered Hensley Historic District
Approximately One Mile from San Jose State University, with Direct Bus and Light Rail Access
San Jose State University Posted Record Enrollment of Nearly 40,000 Students in Fall 2025 (+8% YoY)
Building Details
Units
9
Listing Agency:
Palo Alto Office
(650) 391-1700
Listed By:
Jimmy Castellanos · License #CA: 02024152
(650) 391-1777
Source:
Marcusmillichap
Added: Apr 4
Changed: Oct 21
Last Checked: Oct 23 at 3:24AM
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
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Investment Insights
Based on property information with market context.
The property, constructed in 1898, is a two-story multifamily asset located in the Northside submarket. Situated on a 0.11-acre lot, it comprises eight studio units and one one-bedroom, one-bathroom unit, with an additional building at the rear of the property. The rentable space totals nearly 5,000 square feet and includes additional side yard space and parking. The property offers investment potential in a high barrier to entry market, driven by existing positive cash flow. Its location provides convenient access to San Jose State, Downtown San Jose, and Highway 280. The nearest BART stop is 5 minutes away, and the nearest VTA station is 6 minutes away.
Key Highlights
- Positive cash flow investment property.
- Located in a high barrier to entry market.
- Close proximity to San Jose State, Downtown San Jose, and Highway 280.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,000
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,080,000
$2.1M
Cap Rate 7%
$1,485,714
$1.5M
Cap Rate 9%
$1,155,556
$1.2M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$198.0K $39.60/SF
− Vacancy
−$8.9K −$1.78/SF
EGI
$189.1K $37.82/SF
− OpEx
−$85.1K −$17.02/SF
NOI
$104.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,080,000
Cap Rate 7%
$1,485,714
Cap Rate 9%
$1,155,556
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.73M
NOI $104,000 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,376 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily asset with positive cash flow potential.
Where is this apartment building located?
The property is located at 139 E Julian St San Jose, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Positive cash flow investment property.; Located in a high barrier to entry market.; Close proximity to San Jose State, Downtown San Jose, and Highway 280.
