San Jose Multifamily Investment
For Sale
$1,525,000
Nordale Avenue, San Jose, CA 95112
Five-unit apartment complex in San Jose with diverse unit mix.
Property Size3,280 SF
Lot Size0.17 Acres
Price / SF$464.94
Days on Market496
Property Features for Nordale Avenue
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.17 Acres
Property subtype
Commercial
Amenities
Assigned
Shingle Roof
Building Details
Year Built
1962
Listing Agency:
MARCUS & MILLICHAP
Listed By:
MITCHELL ZURICH · License #01870648
(650) 391-1824
Source:
Corcoran
Added: Jun 11, 2025
Changed: Oct 16
Last Checked: Oct 16 at 9:15AM
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 MARCUS & MILLICHAP
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Investment Insights
Based on property information with market context.
This five-unit apartment complex is located in San Jose. The property features a unit mix of one 2-bedroom unit, three 1-bedroom units, and one studio. A new roof was installed in May 2025. Seller financing is available at 5% interest only at 70% LTV. The property size is 3,280 square feet.
Key Highlights
- Seller financing available at 5% interest only with 70% LTV.
- 5‑unit apartment complex in San Jose.
- Brand new roof (May 2025).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,224
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,480
$1.4M
Cap Rate 7%
$974,629
$974.6K
Cap Rate 9%
$758,044
$758.0K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$129.9K $39.60/SF
− Vacancy
−$5.8K −$1.78/SF
EGI
$124.0K $37.82/SF
− OpEx
−$55.8K −$17.02/SF
NOI
$68.2K $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%
$1,364,480
Cap Rate 7%
$974,629
Cap Rate 9%
$758,044
Alternative Uses
Best Use
Apartment 5plus
$974.6K
$852.8K – $1.14M
NOI $68,224 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,662 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
761
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 - Five-unit apartment complex in San Jose with diverse unit mix.
Where is this apartment building located?
The property is located at Nordale Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Seller financing available at 5% interest only with 70% LTV.; 5‑unit apartment complex in San Jose.; Brand new roof (May 2025).
