Property Details
About this Property
Compass Commercial is pleased to announce the exclusive listing of 242 S. 10th Street, a rare opportunity to own a well-maintained six-unit multifamily property in the heart of Downtown San Jose, directly across from San Jose State University. Built in 1982, this fully leased multifamily investment boasts six (6) individually parceled two-story townhome style 2-Bedroom/1.5-+Bath townhomes spanning 982 sq. ft. each. Each unit has a private 2-car or 1 car garage, in-unit washer/dryer, central forced heating system, and private upstairs deck off of the primary bedroom. This property offers strong cash flow with a current 5.82% cap rate, and tenants pay their own utilities, including water and PG&E. Recent capital improvements include exterior paint in 2021, a new asphalt driveway in 2023, termite tenting in 2018, and a complete roof replacement in 2011. Located just steps from SJSU and surrounded by downtown amenities, dining, entertainment, and major transportation corridors, this property is positioned for strong income on day one, long-term rental demand and appreciation.
MLS Listing Information
MLS #
ML81994832
MLS Source
MLSListings, Inc.
Interior Features
Cooling
Ceiling Fan
Heating
Central Forced Air - Gas
Exterior Features
Roof
Composition, Shingle
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Attached Garage, Off-Street Parking, Parking Area, Garage: 10 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Water
Public
Zoning
RM
Contact Information
Listing Agent
Nate Gustavson
Compass
License #: 01898316
Phone: (415) 786-9410
Co-Listing Agent
Cameron Foster
License #: 00972394
Phone: (415) 699-6168
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 982 | 2 | 1/1 | $2,800 | $2,800 | 6 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
242 S 10th St is a Residential Income in San Jose, CA 95112. This 5,892 square foot property sits on a 2,875 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,530,000 and was built in 1982. This address can also be written as 242 S 10th St, San Jose, CA 95112.
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This listing information is up-to-date as of March 17, 2025. For the most current information, please contact Nate Gustavson, (415) 786-9410
