Back to Search

Eight-Unit Apartment Community

3537 Alden Way San Jose, CA 95117

New

3537 Alden Way, San Jose, CA, 95117

$2,900,000

For Sale

$2,900,000

For sale eight-unit apartment community in West San Jose with an adjacent nine-unit property also available.

Property Size5,550 SF

Price / SF$522.52

AddedJul 11

Days on Market6

Last RefreshJul 16 at 3:03 am

Property Features for 3537 Alden Way

General Information

Standard status: Active
Size: 5,550 SF
Property subtype: General Commercial

Building Details

Year Built: 1958

Listing office Marcus & Millichap

Listing date Jul 11, 2026

Source Xome

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 Marcus & Millichap

Investment Insights

Based on property information with market context.

3537 Alden Way is an eight-unit apartment community offered for sale. The property is positioned to generate in-place rental income and may offer continued rental growth. The neighboring property at 3531 Alden Way, which contains nine units, is also available, allowing the option to purchase either property individually or together as a combined 17-unit portfolio.

The community is described as being in the heart of West San Jose, with convenient access to Santana Row, Valley Fair, Apple, NVIDIA, and the expanding OpenAI campus.

Offering Memorandum and Deal Room access are available upon request.

Key Highlights

Eight‑unit apartment community at 3537 Alden Way in West San Jose (1958 build year).
Adjacent property at 3531 Alden Way (nine units) is also available for potential 17‑unit portfolio purchase.
Composition roof and carport parking.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$219.8k	$39.60
− Vacancy	−$9.9k	−$1.78
EGI	$209.9k	$37.82
− OpEx	−$94.5k	−$17.02
NOI	$115.4k	$20.80

5,550 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,439 @ 7.0% cap · market cap 3.98%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,627 @ 7.0% cap · market cap 8.09%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Similar For Sale Nearby

$1,899,000

2,804 SF

Four-Plex with Five-Stall Carport

Well-maintained four-plex offering four 1-bedroom homes, private storage, and covered parking on a large lot.

590 Macarthur AVE, SAN JOSE, CA 95128

View Details
$1,948,000

3,584 SF

Well-Maintained Fourplex Opportunity

Well-maintained four-unit property with recent roof and full 2024 plumbing replacement, suited for multifamily investors.

3691 Cape Cod CT, SAN JOSE, CA 95117

View Details
$1,820,000

2,992 SF

Well-Maintained Fourplex Residence

Fully rented fourplex with four 2BR/1BA units and recent exterior, roof, and mechanical upgrades.

551 Northlake DR, SAN JOSE, CA 95117

View Details
$1,499,000

2,030 SF

Well-Maintained Duplex with Private Yards

Two-unit residential income property featuring private yards, attached garages, and in-unit laundry for each unit.

5746 Chesbro AVE, SAN JOSE, CA 95123

View Details
$758,000

Second-Floor Office Condominium

Flexible open office layout in a well-maintained professional center, suited for professional or medical operations.

1569 Lexann AVE 224, SAN JOSE, CA 95121

View Details
$995,000

Industrial Condominium with Roll-Up Door

Vacant IP-zoned condo with office space and a warehouse roll-up door for owner-use or investment.

2455 Autumnvale DR B, SAN JOSE, CA 95131

View Details
$1,349,000

Warehouse with Roll-Up Door

Warehouse with a 12\u201d roll-up door, three offices, two bathrooms, mezzanine, and off-street parking.

1777 Smith AVE, SAN JOSE, CA 95112

View Details
$1,000,000

1,512 SF

Two-Unit Duplex with Vacant Delivery

Two-level duplex includes two independent units totaling approximately 1,512 sq ft, delivered vacant and ready for occupancy or leasing.

342-344 Raymond AVE, San Jose, CA 95128

View Details
$1,250,000

1,592 SF

Leased Duplex with Two 2BR Units

Side-by-side duplex with two leased 2-bedroom, 1-bath units on a 6,300-square-foot lot.

964 Princess Anne DR, SAN JOSE, CA 95128

View Details
$1,580,000

2,686 SF

Four-Unit Multifamily with Private Garages

Tenant-occupied four-unit property in R3 with private garages, coin-operated laundry, and remodeled kitchens and bathrooms.

822 Opal DR, SAN JOSE, CA 95117

View Details
$2,387,000

Flex/Industrial Building with Loading

Single-story flex commercial building with dock-high loading, grade-level access, storefront presence, and on-site parking.

615 Stockton AVE, SAN JOSE, CA 95126

View Details
$1,550,000

1,638 SF

Updated Duplex with Two Vacant Units

Updated two-unit duplex with 2-bedroom layouts, indoor laundry, and sizable backyards; both units vacant and ready to preview.

653 & 661 N Daniel WAY, SAN JOSE, CA 95128

View Details

For sale
Apartment buildings
CA
San Jose
95117
3537 Alden Way

What type of property is this?

Apartment building - For sale eight-unit apartment community in West San Jose with an adjacent nine-unit property also available.

Where is this apartment building located?

The property is located at 3537 Alden Way San Jose, CA.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Eight‑unit apartment community at 3537 Alden Way in West San Jose (1958 build year).; Adjacent property at 3531 Alden Way (nine units) is also available for potential 17‑unit portfolio purchase.; Composition roof and carport parking.