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228 Selwyn Drive — Milpitas | Belmont Brokerage | Belmont Brokerage

ActiveUnderContract

$2,250,000

24 DOM

— bd— ba— sqft

Call

228 Selwyn Dr Milpitas, CA 95035

10,560sqft lot

Opportunity to own a six plex located in the vibrant city of Milpitas. With a generous 3,795 square feet, this property has upside potential. The kitchen and bathrooms need upgrading. Each unit features a wall furnace for heating, ensuring warmth during cooler months. Some units, floorings were updated. Conveniently, the property includes laundry facilities, making everyday chores easier. This property falls within the Milpitas Unified School District, which offers the community a range of educational opportunities. That is one reason families enjoy living in this neighborhood, where vacancy rates are significantly low.

MLS ML82039711

408-854-0828 (Office) 408-854-0828 (Cell) melinda@nexthomeaxisrealty.com

Est. payment

$14,377/mo

Principal & interestTaxesInsurance

$11,377$2,344$656

Down %

Rate %

Years

Down payment: $450,000 · Total cost: $4,545,801

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$14,377/mo

Principal & interest: $11,377
Est. property tax: $2,344
Est. insurance: $656
Down payment: $450,000

Est. gross rent$9,375/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-5,002/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 20, 2026	$2,250,000	—

Facts & Features

Transaction Data

Close DateApr 23, 2026

Annual Taxes$28,125

Structure & Property

Year Built1962

408-854-0828 (Office) 408-854-0828 (Cell) melinda@nexthomeaxisrealty.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

228 Selwyn Drive, Milpitas, CA 95035

Get Directions

Call

228 Selwyn Dr Milpitas, CA 95035

About this home

Melinda Collins

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Melinda Collins

Sale & Tax History

No Recent Sales History

Location

228 Selwyn Drive, Milpitas, CA 95035

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

228 Selwyn Dr Milpitas, CA 95035

About this home

Melinda Collins

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Melinda Collins

Sale & Tax History

No Recent Sales History

Location