132 E Reed Street, San Jose, CA 95112
List Price: $1.5M
Listing Status: Active
Original List Price: $1.6M
0Days on Market: 38
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1955
Lot Size: 6,027 sq ft
Annual Property Tax: $16,896
MLS Number: ML82038150
About This Property
Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential.Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available.
Listing provided by: Jim Meech DRE #01145137 (408) 718-3116 jim@jimmeech.com, James Meech, Broker
Source: CRMLS, MLS #: ML82038150
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.