12-Unit Apartment
439 S 5th St San Jose, CA 95112
For Sale
$4,150,000
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 Market71
Property Features for 439 S 5th St
General Information
- Standard status
- Active
- Size
- 6,828 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily
Listing Agency:
Marcus & Millichap
(650) 391-1824
Listed By:
Mitchell Zurich · License #License(s): CA: 01870648
(650) 391-1824
Source:
Marcusmillichap
Added: May 14
Changed: Jul 23
Last Checked: Jul 23 at 8:38AM
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.
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 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 | $270.4k | $39.60 |
| − Vacancy | −$12.2k | −$1.78 |
| EGI | $258.2k | $37.82 |
| − OpEx | −$116.2k | −$17.02 |
| NOI | $142.0k | $20.80 |
6,828 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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
