San Jose Multifamily Investment
336 5th Street San Jose, CA 95112
For Sale
$2,798,000
10-unit multifamily property in Downtown San Jose with upside potential.
Property Size5,521 SF
Lot Size0.23 Acres
Price / SF$506.79
Days on Market100
Property Features for 336 5th Street
General Information
- Standard status
- Active
- Size
- 5,521 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency:
COLDWELL BANKER REALTY
(650) 726-1100
Listed By:
MATT ARAGONI · License #01978236
Source:
Corcoran
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 8:59AM
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
Investment Insights
Based on property information with market context.
Located in Downtown San Jose, this multifamily property at 336 N 5th St features ten units. The unit mix includes eight 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one studio. The gross building area is approximately 5,521 square feet, situated on a 9,798 square foot lot. On-site amenities include covered parking, storage lockers, and a laundry facility. The property is within walking distance of San Jose State University (SJSU), Japantown, and the San Jose Market Center, offering convenient access to retail, dining, and entertainment. Major highways (280, 101, 87), Caltrain, and Light Rail stations are easily accessible, and San Jose Mineta International Airport is just minutes away. This income-generating property offers long-term upside potential in a thriving rental market, close to major employers and universities.
Key Highlights
- Prime location in Downtown San Jose, close to SJSU, Japantown, and SJ Market Center
- Ten‑unit multifamily asset with a mix of unit types (8 x 1Bd/1Ba, 1 x 2Bd/1Ba, 1 x studio)
- Convenient on‑site amenities: covered parking, storage lockers, and laundry facility
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 | $218.6k | $39.60 |
| − Vacancy | −$9.8k | −$1.78 |
| EGI | $208.8k | $37.82 |
| − OpEx | −$94.0k | −$17.02 |
| NOI | $114.8k | $20.80 |
5,521 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.91M
NOI $114,836 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,401 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 10-unit multifamily property in Downtown San Jose with upside potential.
Where is this apartment building located?
The property is located at 336 5th Street San Jose, CA.
What is the asking price?
The asking price for this property is $2,798,000.
What are key features of this property?
This property features: Prime location in Downtown San Jose, close to SJSU, Japantown, and SJ Market Center; Ten‑unit multifamily asset with a mix of unit types (8 x 1Bd/1Ba, 1 x 2Bd/1Ba, 1 x studio); Convenient on‑site amenities: covered parking, storage lockers, and laundry facility
