Multifamily Asset Near San
139 Julian Street San Jose, CA 95112
139 Julian Street, San Jose, CA, 95112
$1,650,000
For Sale
$1,650,000
Two-story multifamily asset with positive cash flow potential.
Property Size4,054 SF
Lot Size0.11 Acres
Price / SF$407.01
Days on Market295
Property Features for 139 Julian Street
General Information
- Standard status
- Active
- Size
- 4,054 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1898
Listing Agency
JEFREY HENDERSON, BROKER
(408) 453-7461
Listed by
JEFREY HENDERSON · License #01483399
Source
Corcoran
Added: Sep 27, 2025 Checked: Jul 17 at 3:33 am
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 JEFREY HENDERSON, BROKER
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.
Local 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 | $160.5k | $39.60 |
| − Vacancy | −$7.2k | −$1.78 |
| EGI | $153.3k | $37.82 |
| − OpEx | −$69.0k | −$17.02 |
| NOI | $84.3k | $20.80 |
4,054 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,323 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,383 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
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 Julian Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,650,000.
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.
