Well-Maintained Fourplex in San
For Sale
$1,899,000
590 Macarthur Ave, San Jose, CA 95128
Four spacious units near Valley Medical Center and Santana Row.
Property Size2,804 SF
Lot Size0.21 Acres
Days on Market209
Property Features for 590 Macarthur Ave
General Information
Standard status
Active
Size
2,804 SF
Lot size
0.21 Acres
Property subtype
Investment
Lease Term
Call to inquire
Taxes and HOA fees
Annual Taxes
$22,621
Building Details
Building Size
2,804 SF
Year Built
1951
Stories
2
Units
4
Listing Agency:
Christie's International Real Estate Sereno
Listed By:
Gaylene Wyatt · License #00859588
(408) 832-6922
Source:
Elliman
Added: Mar 24
Changed: Aug 9
Last Checked: Aug 10 at 3:18AM
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 Christie's International Real Estate Sereno
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained fourplex is situated in a desirable location near Valley Medical Center, San Jose City College, Santana Row, and major freeways. The property features four spacious one-bedroom, one-bath units. A five-stall carport is included, with each unit having private storage closets. The property is located on a large lot exceeding 9000 square feet within a single-family residence neighborhood. It offers convenient access to Moorpark Avenue, Winchester Boulevard, Stevens Creek Boulevard, and Bascom Avenue, making it an attractive investment opportunity.
Key Highlights
- Great location near Valley Medical Center, San Jose City College, and Santana Row.
- Four spacious 1 bedroom, 1 bath units.
- Large private lot (over 9000SF) in a single‑family residence neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,134
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,680
$1.3M
Cap Rate 7%
$901,914
$901.9K
Cap Rate 9%
$701,489
$701.5K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$94.2K $33.60/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$90.2K $32.17/SF
− OpEx
−$27.1K −$9.65/SF
NOI
$63.1K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,680
Cap Rate 7%
$901,914
Cap Rate 9%
$701,489
Alternative Uses
Best Use
Multifamily LT 5
$901.9K
$789.2K – $1.05M
NOI $63,134 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$833.2K
$729.0K – $972.1K
NOI $58,323 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,539 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four spacious units near Valley Medical Center and Santana Row.
Where is this quadplex located?
The property is located at 590 Macarthur Ave San Jose, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Great location near Valley Medical Center, San Jose City College, and Santana Row.; Four spacious 1 bedroom, 1 bath units.; Large private lot (over 9000SF) in a single‑family residence neighborhood.
