Craftsman Multifamily
98 E Saint John Street San Jose, CA 95112
For Sale
$1,499,000
Timeless craftsman multifamily featuring studios and 1–3 bedroom units, including several with in-unit washer/dryers.
Property Size3,976 SF
Price / SF$377.01
Days on Market8
Property Features for 98 E Saint John Street
General Information
- Standard status
- Active
- Size
- 3,976 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1906
Listing Agency:
Realty Executives SV Inc.
(408) 772-3339
Listed By:
Andrew Espino · License #01415279
Source:
Xome
Added: Jul 18
Changed: Jul 24
Last Checked: Jul 24 at 5:32AM
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 Realty Executives SV Inc.
Investment Insights
Based on property information with market context.
A timeless Craftsman-style multifamily at 98 E Saint John Street in San Jose, CA. The property offers a mix of unit types, including (1) studio; (1) large studio with washer/dryer; (1) one-bedroom; (1) two-bedroom with washer/dryer; and (1) three-bedroom with washer/dryer. This configuration supports a range of day-to-day residential needs while maintaining a consistent overall building presentation.
Set in a central downtown neighborhood, the property is described as being close to Downtown San Jose, SJSU, SAP Center, Google V…illage, Diridon, and San Jose International Airport. For buyers and brokers, that proximity may be useful when underwriting demand drivers tied to the surrounding employment, education, and entertainment areas.
The building’s current unit mix is designed to serve multiple household sizes, with select units including in-unit washer/dryer. The total property size is listed as 3,976 square feet.
Set in a central downtown neighborhood, the property is described as being close to Downtown San Jose, SJSU, SAP Center, Google V…illage, Diridon, and San Jose International Airport. For buyers and brokers, that proximity may be useful when underwriting demand drivers tied to the surrounding employment, education, and entertainment areas.
The building’s current unit mix is designed to serve multiple household sizes, with select units including in-unit washer/dryer. The total property size is listed as 3,976 square feet.
Key Highlights
- Craftsman‑style multifamily built in 1906
- Unit mix includes (1) studio, (1) large studio with W/D, (1) 1‑bedroom, (1) 2‑bedroom with W/D, and (1) 3‑bedroom with W/D
- Several units include in‑unit washer/dryers
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 | $157.4k | $39.60 |
| − Vacancy | −$7.1k | −$1.78 |
| EGI | $150.4k | $37.82 |
| − OpEx | −$67.7k | −$17.02 |
| NOI | $82.7k | $20.80 |
3,976 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,700 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,086 @ 7.0% cap · market cap 11.21%
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 - Timeless craftsman multifamily featuring studios and 1–3 bedroom units, including several with in-unit washer/dryers.
Where is this apartment building located?
The property is located at 98 E Saint John Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Craftsman‑style multifamily built in 1906; Unit mix includes (1) studio, (1) large studio with W/D, (1) 1‑bedroom, (1) 2‑bedroom with W/D, and (1) 3‑bedroom with W/D; Several units include in‑unit washer/dryers
