12-Unit Apartment
For Sale
$4,150,000
439 S 5th St, San Jose, CA 95112
Twelve 2-bedroom, 1-bath units with uncovered parking are available for sale near San Jose State University.
Property Size6,828 SF
Lot Size0.22 Acres
Price / SF$607.79
Days on Market162
Property Features for 439 S 5th St
General Information
Standard status
Active
Size
6,828 SF
Total Parking Spaces
12
Lot size
0.22 Acres
Property subtype
Multifamily
Occupancy
97%
Additional Details
Cap Rate
5.4%
Multifamily Units
12
Amenities
Unmatched Location ±300 feet from San José State University
100% 2-Bedroom Units offering highly functional and desirable unit mix
Prime Urban Setting located in the heart of San Jose's downtown core
Walkable Lifestyle within 0.5 miles of Downtown San Jose & San Pedro Square
Transit-Oriented: ~2 miles to Diridon Station (Caltrain, ACE, future BART)
Strong Demand Drivers Supported by SJSU and Silicon Valley employment
In-Unit W&D - featured in unit 439-5
Building Details
Building Size
6,828 SF
Units
12
Tenancy
Multi
Listing Agency:
Palo Alto Office
(650) 391-1700
Listed By:
Mitch Zurich · License #CA: 01870648
(650) 391-1824
Source:
Marcusmillichap
Added: May 14
Changed: Oct 21
Last Checked: Oct 20 at 5:14PM
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 Palo Alto Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Veridian on 5th is a 12-unit apartment community consisting entirely of 2-bedroom, 1-bathroom units, totaling approximately 6,828 square feet. The property includes one noted amenity variation, as unit 439-5 features an in-unit washer and dryer. Parking is provided through twelve uncovered spaces, and there are zero tuck-under parking spaces.
The community is positioned approximately 300 feet from San Jose State University. It is also within about half a mile of Downtown San Jose and San Pedro Square, and approximately two miles from Diridon Station, offering regional transit connectivity.
As a 100% two-bedroom mix, the property offers a consistent unit configuration designed for streamlined operations, with tenant parking supported by the uncovered spaces provided on site.
The community is positioned approximately 300 feet from San Jose State University. It is also within about half a mile of Downtown San Jose and San Pedro Square, and approximately two miles from Diridon Station, offering regional transit connectivity.
As a 100% two-bedroom mix, the property offers a consistent unit configuration designed for streamlined operations, with tenant parking supported by the uncovered spaces provided on site.
Key Highlights
- 12‑unit apartment community with all units as 2‑bedroom, 1‑bath layouts
- Approximately 6,828 SF total living space on a 9,522 SF lot
- Positioned about 300 feet from San Jose State University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,022
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,840,440
$2.8M
Cap Rate 7%
$2,028,886
$2.0M
Cap Rate 9%
$1,578,022
$1.6M
Market Conditions
NOI Build-Up for 6,828 SF
Gross rent
$270.4K $39.60/SF
− Vacancy
−$12.2K −$1.78/SF
EGI
$258.2K $37.82/SF
− OpEx
−$116.2K −$17.02/SF
NOI
$142.0K $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%
$2,840,440
Cap Rate 7%
$2,028,886
Cap Rate 9%
$1,578,022
Alternative Uses
Best Use
Apartment 5plus
$2.03M
$1.78M – $2.37M
NOI $142,022 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,655 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,455
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve 2-bedroom, 1-bath units with uncovered parking are available for sale near San Jose State University.
Where is this apartment building located?
The property is located at 439 S 5th St San Jose, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: 12‑unit apartment community with all units as 2‑bedroom, 1‑bath layouts; Approximately 6,828 SF total living space on a 9,522 SF lot; Positioned about 300 feet from San Jose State University
