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.
Sold for $1,350,000
$1,350,000
E Reed St, San Jose, CA 95112
8beds
8baths
3,940sqft
Five Or More Units, Residential Income
Built in 1955
-- sqft lot
$1,345,400 Zestimate®
$343/sqft
$2,064 Estimated rent
Home value
$1,345,400
$1.24M - $1.45M
$2,064/mo
Zestimate® history
Owner options
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$2,064/mo
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$2,064/mo
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$8,629/mo
Est. payment
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$8,629/mo
Est. payment
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List your homeWhat's special
Durable constructionOn-site laundry facilitiesDouble-pane windows
Zillow last checked:
Listing updated:
Listed by:
Jim Meech 01145137 408-718-3116,
James Meech, Broker 408-718-3116
Bought with:
RECIP, 00000000
Out of Area Office
Source: MLSListings Inc,MLS#: ML82038150
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Gas
Cooling
- None
Interior area
- Total structure area: 3,940
- Total interior livable area: 3,940 sqft
Property
Parking
- Total spaces: 8
- Parking features: Off Site
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Lot
- Size: 6,027 Square Feet
Details
- Parcel number: 47227056
- Zoning: C3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 1955
Utilities & green energy
- Gas: PublicUtilities
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $343/sqft
- Date on market: 3/11/2026
- Listing agreement: ExclusiveAgency
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $1,350,000-10%$343/sqft |
Source:  MLSListings Inc #ML82038150 Report a problem | ||
| 6/1/2026 | Pending sale | $1,500,000$381/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 5/13/2026 | Contingent | $1,500,000$381/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 5/11/2026 | Listed for sale | $1,500,000$381/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 5/4/2026 | Contingent | $1,500,000$381/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 4/19/2026 | Price change | $1,500,000-6.3%$381/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 3/17/2026 | Listed for sale | $1,600,000$406/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 3/14/2026 | Contingent | $1,600,000$406/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
| 3/11/2026 | Listed for sale | $1,600,000$406/sqft |
Source: MLSListings Inc #ML82038150 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
Nearby homes
- $--2 bd2 ba-- sqft5 E Reed St #F320A52C6, San Jose, CA 95112Off Market
- $--1 bd1 ba-- sqft5 E Reed St #776F18CCB, San Jose, CA 95112Off Market
- $--1 bd1 ba-- sqft5 E Reed St #1, San Jose, CA 95112Off Market
- $827,6002 bd1 ba1.1k sqft559 N 2nd St, San Jose, CA 95112Off Market
- $--1 bd1 ba-- sqft10 E Reed St #1B-1BA, San Jose, CA 95113Off Market
- $--2 bd2 ba819 sqft10 E Reed St #2018, San Jose, CA 95113Off Market
- $---- bd1 ba411 sqft10 E Reed St #907, San Jose, CA 95113Off Market
- $--1 bd1 ba512 sqft10 E Reed St #2017, San Jose, CA 95113Off Market
- $---- bd1 ba366 sqft10 E Reed St #616, San Jose, CA 95113Off Market
Nearby schools
GreatSchools rating
- 2/10Gardner Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Herbert Hoover Middle SchoolGrades: 6-8Distance: 2.2 mi
- 7/10Abraham Lincoln High SchoolGrades: 9-12Distance: 2.2 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.
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Estimated market value
$1,345,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,345,400
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