Four-Unit Residential Income
For Sale
$1,825,000
590 Macarthur AVE, San Jose, CA 95128
Residential Income (2-4 units), SAN JOSE, CA
Property Size2,804 SF
Lot Size0.21 Acres
Price / SF$650.86
Days on Market98
Property Features for 590 Macarthur AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Laundry Room, Bedroom 3
Parking features
Carport
Subdivision
Campbell
Standard status
Active
Size
2,804 SF
Lot size
0.21 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
private storage closets
Building Details
Year built
1951
Number of units
4
Flooring type
Hardwood
Roof type
Composition
Listing Agency:
Christie's International Real Estate Sereno
(408) 335-1400
Listed By:
Gaylene Wyatt · License #00859588
(408) 832-6922
Added: Jul 9
Changed: Oct 2
Last Checked: Oct 14 at 5:06AM
MLS# ML82039567
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,804 square feet across four one-bedroom, one-bath apartments. Built in 1951, the building has hardwood flooring, natural gas heating, and a composition roof. Each apartment has a private storage closet, and the property includes a five-stall carport.
The 0.2075-acre parcel is zoned R3. Nearby destinations listed include Valley Medical Center, San Jose City College, and Santana Row, with access to Moorpark Avenue, Winchester Boulevard, Stevens Creek Boulevard, and Bascom Avenue.
The 0.2075-acre parcel is zoned R3. Nearby destinations listed include Valley Medical Center, San Jose City College, and Santana Row, with access to Moorpark Avenue, Winchester Boulevard, Stevens Creek Boulevard, and Bascom Avenue.
Key Highlights
- Four apartments, each with 1 bedroom and 1 bath
- 2,804‑square‑foot building on a 0.2075‑acre lot
- Five‑stall carport and private storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,134
Cap Rate
3.46%
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 3.46%
Second Best
Apartment 5plus
$833.2K
$729.0K – $972.1K
NOI $58,323 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,539 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
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
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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?
Quadplex - Four one-bedroom apartments share a five-stall carport and private storage closets.
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 $1,825,000.
What are key features of this property?
This property features: Four apartments, each with 1 bedroom and 1 bath; 2,804‑square‑foot building on a 0.2075‑acre lot; Five‑stall carport and private storage closets
