13-Unit Apartment
New
For Sale
$3,400,000
368 North 4th Street, San Jose, CA 95112
A mix of studio and one-bedroom apartments is paired with resident laundry facilities and on-site parking.
Property Size4,995 SF
Price / SF$680.68
Days on Market3
Property Features for 368 North 4th Street
General Information
Standard status
Active
Size
4,995 SF
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Multifamily Units
13
Amenities
on-site laundry
parking
Building Details
Building Size
4,995 SF
Year Built
1946
Units
13
Listing Agency:
NAI Northern California
Listed By:
Grant Chappell · License #CalDRE #01700439
(415) 246-4314
Source:
Nainorcal
Added: Oct 7
Last Checked: Oct 7 at 2:54PM
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 NAI Northern California
Investment Insights
Based on property information with market context.
This 13-unit apartment property contains 4,995 square feet and dates to 1946. Its apartments are configured as studios and one-bedroom units, with laundry facilities and parking available on the property.
The San Jose location is described as close to Downtown San Jose, Japantown, San Jose State University, SAP Center, Google Village, Diridon, and San Jose International Airport.
The San Jose location is described as close to Downtown San Jose, Japantown, San Jose State University, SAP Center, Google Village, Diridon, and San Jose International Airport.
Key Highlights
- 13 apartments across 4,995 square feet
- Built in 1946
- Unit mix includes studios and one‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,896
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,077,920
$2.1M
Cap Rate 7%
$1,484,229
$1.5M
Cap Rate 9%
$1,154,400
$1.2M
Market Conditions
NOI Build-Up for 4,995 SF
Gross rent
$197.8K $39.60/SF
− Vacancy
−$8.9K −$1.78/SF
EGI
$188.9K $37.82/SF
− OpEx
−$85.0K −$17.02/SF
NOI
$103.9K $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%
$2,077,920
Cap Rate 7%
$1,484,229
Cap Rate 9%
$1,154,400
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,896 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,164 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
4,827
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A mix of studio and one-bedroom apartments is paired with resident laundry facilities and on-site parking.
Where is this apartment building located?
The property is located at 368 North 4th Street San Jose, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 13 apartments across 4,995 square feet; Built in 1946; Unit mix includes studios and one‑bedroom apartments
