San Jose Multifamily Investment
For Sale
$2,099,000
630 5th Street, San Jose, CA 95112
Well-maintained 6-unit building near San Jose State University.
Property Size4,817 SF
Price / SF$435.75
Days on Market488
Property Features for 630 5th Street
General Information
Standard status
Active
Size
4,817 SF
Building Details
Year Built
1961
Listing Agency:
EXP REALTY OF CALIFORNIA INC
Listed By:
JEFF HANSEN
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 EXP REALTY OF CALIFORNIA INC
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Investment Insights
Based on property information with market context.
This well-maintained 6-unit building is located in the heart of San Jose, just two blocks from San Jose State University. The property features recent upgrades, including a water heater replaced and permitted in 2021, and dual-pane windows installed in 2020. Exterior paint was also completed in 2020. Five of the six units have remodeled kitchens, offering modern and functional spaces. The building has energy-efficient features that ensure lower utility costs for tenants. Each unit has a large layout. There are six garages with electric garage door openers, providing two parking spaces per unit. On-site laundry facilities generate additional income. The property has a strong rental history with no current vacancies and holds a Tier 1 status with the City of San Jose Code Enforcement. All required SB721 work has been completed and permitted with the City of San Jose. The location is within walking distance of major transit options, including light rail, and just minutes from downtown and major freeways.
Key Highlights
- Prime location: Walking distance to San Jose State, major transit, downtown, and freeways.
- Strong rental history with no current vacancies.
- Six garages with electric openers, providing two parking spaces per unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,193
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,003,860
$2.0M
Cap Rate 7%
$1,431,329
$1.4M
Cap Rate 9%
$1,113,256
$1.1M
Market Conditions
NOI Build-Up for 4,817 SF
Gross rent
$190.8K $39.60/SF
− Vacancy
−$8.6K −$1.78/SF
EGI
$182.2K $37.82/SF
− OpEx
−$82.0K −$17.02/SF
NOI
$100.2K $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%
$2,003,860
Cap Rate 7%
$1,431,329
Cap Rate 9%
$1,113,256
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,193 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,639 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,600
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 6-unit building near San Jose State University.
Where is this apartment building located?
The property is located at 630 5th Street San Jose, CA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Prime location: Walking distance to San Jose State, major transit, downtown, and freeways.; Strong rental history with no current vacancies.; Six garages with electric openers, providing two parking spaces per unit.
