San Jose Multifamily Investment
630 5th Street San Jose, CA 95112
630 5th Street, San Jose, CA, 95112
$2,099,000
For Sale
$2,099,000
Well-maintained 6-unit building near San Jose State University.
Property Size4,817 SF
Price / SF$435.75
Days on Market395
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 Checked: Mar 16 at 9:09 am
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
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.
Local 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 | $190.8k | $39.60 |
| − Vacancy | −$8.6k | −$1.78 |
| EGI | $182.2k | $37.82 |
| − OpEx | −$82.0k | −$17.02 |
| NOI | $100.2k | $20.80 |
4,817 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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.
