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Multifamily

445 N 1st St

445 N First St, San Jose, CA 95112

Listing Price: $2,090,000

Cap Rate
5.37%
Number of Units
8
GRM
9.68
Occupancy
97.0%
Price/Unit
$261,250
Price/Gross SF
$311.75
Gross SF
6,704

Investment Overview

Marcus & Millichap is pleased to present 445 N. 1st Street in San Jose, California. This property was built in 1924 and sits on a 8,400 SF/ 0.19 Acres lot, per county assessor. 1445 N. 1st Street is an 8-unit apartment complex made up of all 2 Bedroom x 1 Bathroom units.

Located in close proximity to San Jose State University, Downtown San Jose, and the lively San Pedro Square Market. The property enjoys access to a vibrant mix of restaurants, bars, shopping, and entertainment. It's also well-connected to the broader Bay Area via Interstate 880, State Route 87, U.S. Route 101, and the nearby College Park Caltrain Station. As the capital of Silicon Valley, San Jose is home to major employers like Adobe, Zoom, Google, Apple, and Cisco. This growing tech ecosystem supports strong rental demand and long-term value appreciation. In addition to its economic vitality, the area boasts a highly walkable urban core, extensive parks and trails, and a diverse cultural scene.

Investment Highlights

  • 8 Units in San Jose
  • Close Proximity to Downtown San Jose & San Jose State University
  • Easy Access to Interstate 880, S.R. 87 & U.S. Route 101

Exclusively Listed By

Multifamily

445 N 1st St

Listing Price: $2,090,000

Cap Rate
5.37%
Number of Units
8
GRM
9.68
Occupancy
97.0%
Price/Unit
$261,250
Price/Gross SF
$311.75
Gross SF
6,704

Investment Highlights

  • 8 Units in San Jose
  • Close Proximity to Downtown San Jose & San Jose State University
  • Easy Access to Interstate 880, S.R. 87 & U.S. Route 101

Investment Overview

Marcus & Millichap is pleased to present 445 N. 1st Street in San Jose, California. This property was built in 1924 and sits on a 8,400 SF/ 0.19 Acres lot, per county assessor. 1445 N. 1st Street is an 8-unit apartment complex made up of all 2 Bedroom x 1 Bathroom units. Located in close proximity to San Jose State University, Downtown San Jose, and the lively San Pedro Square Market. The property enjoys access to a vibrant mix of restaurants, bars, shopping, and entertainment. It's also well-connected to the broader Bay Area via Interstate 880, State Route 87, U.S. Route 101, and the nearby College Park Caltrain Station. As the capital of Silicon Valley, San Jose is home to major employers like Adobe, Zoom, Google, Apple, and Cisco. This growing tech ecosystem supports strong rental demand and long-term value appreciation. In addition to its economic vitality, the area boasts a highly walkable urban core, extensive parks and trails, and a diverse cultural scene.

Exclusively Listed By

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