Motivated sellers. Submit an offer subject to inspection. Fully rented 4-unit investment opportunity with upside potential. The property needs some TLC, but it is located in an area with consistent rental demand, long-term tenants, and room to grow profits.
Property Highlights
Unit Configuration: Four 2-bedroom, 1-bath units, ideal for investors and possible owner-occupant interest, subject to current tenancy.
Well-Maintained Community: Privately managed HOA with clean, well-kept grounds, assigned carports, additional parking, and a shared laundry facility.
Prime Convenience: Close to major employers, shopping, dining, schools, churches, and public transit, making it attractive for tenants and supportive of strong occupancy.
This property is a solid investment opportunity for seasoned investors or first-time buyers entering the multifamily market.
Under contract
$1,550,000
450 Lewis Rd, San Jose, CA 95111
8beds
4baths
3,328sqft
Est.:
Quadruplex, Residential Income
Built in 1962
-- sqft lot
$1,519,700 Zestimate®
$466/sqft
$108/mo HOA
What's special
Additional parkingClean well-kept groundsShared laundry facilityAssigned carports
- 28 days |
- 312 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Melinda Collins 01178494 408-854-0828,
NextHome Axis Realty 408-854-0828,
Meggie Collins 02229230 408-917-8303,
NextHome Axis Realty
Source: MLSListings Inc,MLS#: ML82039715
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Laminate
- Doors: None
- Windows: None
Interior area
- Total structure area: 3,328
- Total interior livable area: 3,328 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned
- Carport spaces: 2
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 9,945 Square Feet
Details
- Parcel number: 49727004
- Zoning: R3H
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1962
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
HOA
- Has HOA: Yes
- 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: $10,695
- Date on market: 3/20/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Building, Land, OvenRangeAllUnits
- Lease term: 12 Months
Estimated market value
$1,519,700
$1.44M - $1.60M
$2,847/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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
$9,248/mo
Principal & interest
$7603
Property taxes
$1537
HOA Fees
$108
More affordability tools
Climate risks
Neighborhood: Fairgrounds
Nearby schools
GreatSchools rating
- 2/10Captain 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
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
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