Fully Rented 4-Plex Investment Opportunity with Upside Potential! This well-maintained 4-unit building is a great addition to any investor's portfolio. Located in a safe and convenient neighborhood, the property offers consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights: Unit Configuration: Four units (4x 2-bed/1-bath) ideal for owner-occupied buyers or for investors Well-Maintained Community: Lewis Road is part of an HOA that ensures clean and well-kept grounds. Parking & Amenities: Includes assigned carports with extra parking spots, a shared laundry facility, and balconies/patios for tenant enjoyment. Prime Convenience: Close to major employers, shopping, dining, schools, churches, and public transportation, making it a practical choice for families and ensuring steady rental income and high occupancy rates. Value-Add Potential: Some units need upgrades, offering an opportunity to increase profitability through market rent adjustments or cosmetic improvements to boost appeal. This property is a solid investment for seasoned investors or first-time buyers entering the multi-family market. Schedule your private tour today and discover why this property is the perfect fit for your portfolio!
For sale
$1,550,000
450 Lewis Rd, San Jose, CA 95111
8beds
3,328sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$1,325,000 Zestimate®
$466/sqft
$108/mo HOA
What's special
- 63 days |
- 76 |
- 1 |
Zillow last checked:
Listed by:
Melinda Collins,
NextHome Axis Realty
Source: NextHome,MLS#: ML82039715
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Has basement: No
Interior area
- Total structure area: 3,328
- Total interior livable area: 3,328 sqft
Property
Lot
- Size: 10,018.8 Square Feet
Details
- Parcel number: 49727004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1962
Community & HOA
HOA
- Has HOA: Yes
- Services included: HOA
- HOA fee: $108 monthly
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $466/sqft
- Tax assessed value: $668,715
- Annual tax amount: $10,892
- Date on market: 3/20/2026
- Lease term: Contact For Details
Estimated market value
$1,325,000
$1.23M - $1.43M
$2,446/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Pending sale | $1,550,000+17%$466/sqft |
Source:  MLSListings Inc #ML82039715 Report a problem | ||
| 5/15/2026 | Sold | $1,325,000-14.5%$398/sqft |
Source: MLSListings Inc #ML82039715 Report a problem | ||
| 4/14/2026 | Contingent | $1,550,000$466/sqft |
Source: MLSListings Inc #ML82039715 Report a problem | ||
| 4/7/2026 | Listed for sale | $1,550,000$466/sqft |
Source: MLSListings Inc #ML82039715 Report a problem | ||
| 3/29/2026 | Pending sale | $1,550,000$466/sqft |
Source:  NextHome #ML82039715 Report a problem | ||
| 3/29/2026 | Listed for sale | $1,550,000$466/sqft |
Source: NextHome #ML82039715 Report a problem | ||
| 3/27/2026 | Contingent | $1,550,000$466/sqft |
Source: MLSListings Inc #ML82039715 Report a problem | ||
| 3/21/2026 | Listed for sale | $1,550,000-8.2%$466/sqft |
Source: MLSListings Inc #ML82039715 Report a problem | ||
| 12/1/2025 | Listing removed | $1,688,000$507/sqft |
Source: NextHome #ML81991369 Report a problem | ||
| 10/24/2025 | Listed for sale | $1,688,000-5.2%$507/sqft |
Source: NextHome #ML81991369 Report a problem | ||
| 7/23/2025 | Listing removed | $1,780,000$535/sqft |
Source: NextHome #ML81991369 Report a problem | ||
| 1/25/2025 | Listed for sale | $1,780,000+3424.8%$535/sqft |
Source: NextHome #ML81991369 Report a problem | ||
| 6/20/2019 | Listing removed | $2,695$1/sqft |
Source: Go Section8 Report a problem | ||
| 5/8/2019 | Listed for rent | $2,695$1/sqft |
Source: Go Section8 Report a problem | ||
| 6/8/1999 | Sold | $50,500-82.3%$15/sqft |
Source: Public Record Report a problem | ||
| 2/16/1999 | Sold | $285,000$86/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,892 +3.8% | $668,715 +2% |
| 2024 | $10,498 +1.8% | $655,604 +2% |
| 2023 | $10,316 +1.9% | $642,750 +2% |
| 2022 | $10,122 +0.7% | $630,148 +2% |
| 2021 | $10,052 +2.3% | $617,795 +1% |
| 2020 | $9,825 | $611,461 +2% |
| 2019 | $9,825 +4% | $599,473 +2% |
| 2018 | $9,447 | $587,719 -15.2% |
| 2017 | $9,447 -13.1% | $693,093 +28.7% |
| 2016 | $10,867 +30.6% | $538,642 +1.5% |
| 2015 | $8,319 +3.3% | $530,552 +2% |
| 2014 | $8,057 | $520,160 +0.5% |
| 2013 | -- | $517,810 +3.6% |
| 2012 | -- | $500,000 +0.5% |
| 2011 | -- | $497,714 +0.8% |
| 2010 | -- | $493,995 -0.2% |
| 2009 | -- | $495,170 +2% |
| 2008 | -- | $485,462 +2% |
| 2007 | -- | $475,944 +2% |
| 2006 | -- | $466,613 +2% |
| 2005 | -- | $457,465 +2% |
| 2004 | -- | $448,496 +1.9% |
| 2003 | -- | $440,277 +2% |
| 2002 | -- | $431,645 +2% |
| 2001 | -- | $423,182 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Fairgrounds
Nearby schools
GreatSchools rating
- 3/10Captain Jason M. Dahl Elementary SchoolGrades: K-6Distance: 0.5 mi
- 4/10Sylvandale Middle SchoolGrades: 7-8Distance: 1 mi
- 5/10Andrew P. Hill High SchoolGrades: 9-12Distance: 0.5 mi
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