601 S 5th ST Open House Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95112
OPEN HOUSE
Tue Oct 28, 2:00pm - 3:30pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,560 sqft
Price per Sqft $476
MLS Listing ID ML82025799
Bedrooms 2
Full Baths 4
Year Built 1910
Lot Size 8,142 Sqft
Property Sub-Type Five or More Units
Property Description
601 S 5th Street is now available - a rare multifamily asset offering steady income and growth potential in San Jose's thriving urban core. This impressive two-story income property sits just two blocks from SJSU, placing tenants in an unbeatable location surrounded by education, culture, dining, transit, and tech employment hubs. Discover eight efficiently designed units: (1) 1 Bed / 2 Ba, (1) 1 Bed / 1 Ba, and (6) Studios, each with dedicated parking and access to a shared coin-op laundry room. With ~3,560 sq. ft. of rentable space on a 0.19-acre lot, the property's four-units-per-floor layout maximizes occupancy, privacy, and operational efficiency. Investors will also appreciate the potential for additional income through ADU, storage units, or unit modernization to elevate returns. The fundamentals align: an excellent location, consistent tenant demand, and measurable upside. Current metrics indicate strong rental performance with a projected Cap Rate of 8.13 and GRM 8.78. Walking distance from Downtown San Jose with easy connectivity to major highways (280, 87, 101) and global employers like Cisco, PayPal, Adobe, and Apple. 601 S 5th Street delivers what serious investors seek, reliable cash flow, low vacancy, and growth potential in a prime Silicon Valley corridor.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning R4
Rooms
Other Rooms Laundry Room
Interior
Heating Wall Furnace ,Other
Cooling Other
Flooring Carpet,Tile,Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Assigned Spaces,Uncovered Parking
Utilities Available Public Utilities
Roof Type Flat / Low Pitch,Shingle
Building
Foundation Brick / Mortar Perimeter
Sewer Sewer - Private
Water Private / Mutual
Others
Restrictions Other
Tax ID 472-27-039
Security Features Other
Special Listing Condition Not Applicable