Multifamily Property with Updated
For Sale
$1,225,000
244 E Julian Street, San Jose, CA 95112
Multi-bedroom units offer private laundry rooms, parking space, and access to established San Jose amenities and major highways.
Property Size2,546 SF
Price / SF$481.15
Days on Market60
Property Features for 244 E Julian Street
General Information
Standard status
Active
Size
2,546 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1907
Listing Agency:
Coldwell Banker Realty
(408) 779-5000
Listed By:
Robin Realini · License #01878965
(408) 712-5904
Source:
Exitrealty
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 16 at 5:49AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This multifamily property at 244 E Julian Street contains 2,546 square feet and was built in 1907. Each unit includes four bedrooms, two full bathrooms, spacious living and dining areas, and a large private laundry room. Interior improvements include updated bathrooms, granite countertops, laminate flooring, and dual-pane windows. The exterior has been freshly painted, and the property features a new roof with room for parking.
The property is near San Jose State University, Downtown, Japantown, restaurants, shopping, and grocery markets. Regional access includes Highways 101, 87, 880, and 680, providing connections throughout the surrounding area.
The property is near San Jose State University, Downtown, Japantown, restaurants, shopping, and grocery markets. Regional access includes Highways 101, 87, 880, and 680, providing connections throughout the surrounding area.
Key Highlights
- Each unit has 4 bedrooms and 2 full bathrooms
- 2,546 square feet on a property built in 1907
- New roof, dual‑pane windows, and freshly painted exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,957
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,140
$1.1M
Cap Rate 7%
$756,529
$756.5K
Cap Rate 9%
$588,411
$588.4K
Market Conditions
NOI Build-Up for 2,546 SF
Gross rent
$100.8K $39.60/SF
− Vacancy
−$4.5K −$1.78/SF
EGI
$96.3K $37.82/SF
− OpEx
−$43.3K −$17.02/SF
NOI
$53.0K $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%
$1,059,140
Cap Rate 7%
$756,529
Cap Rate 9%
$588,411
Alternative Uses
Best Use
Apartment 5plus
$756.5K
$662.0K – $882.6K
NOI $52,957 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,632 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,923
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
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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?
Multifamily property - Multi-bedroom units offer private laundry rooms, parking space, and access to established San Jose amenities and major highways.
Where is this multifamily property located?
The property is located at 244 E Julian Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Each unit has 4 bedrooms and 2 full bathrooms; 2,546 square feet on a property built in 1907; New roof, dual‑pane windows, and freshly painted exterior
