3531 Alden Way San Jose, CA 95117
Nine-unit multifamily community offering a mix of two-bedroom, two-bath apartments in West San Jose.
Property Features for 3531 Alden Way
General Information
- Standard status
- Active
- Size
- 6,900 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1958
Listing office Marcus & Millichap (650) 391-1700
Listing date Jul 11, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Located in West San Jose, the property is described as being just minutes from Santana Row and Valley Fair, and convenient to major area employers including Apple and NVIDIA, along with the expanding OpenAI campus. Access to Silicon Valley’s largest employment centers and premier shopping and dining is highlighted as a key benefit of the location.
For flexibility, the neighboring property at 3537 Alden Way (8 units) is also available. Buyers may purchase either property individually or together as a combined 17-unit portfolio. Offering Memorandum and Deal Room access are available upon request.
Key Highlights
- Nine‑unit apartment community in West San Jose with a unit mix of spacious 2 bedroom, 2 bathroom apartments
- Year built 1958
- Composition roof
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 | $273.2k | $39.60 |
| − Vacancy | −$12.3k | −$1.78 |
| EGI | $260.9k | $37.82 |
| − OpEx | −$117.4k | −$17.02 |
| NOI | $143.5k | $20.80 |
