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For sale
  • Price cut: $100K (4/19)
    $1,500,000

    E Reed St, San Jose, CA 95112

    8beds
    8baths
    3,940sqft
    : 
    Five Or More Units, Residential Income
    Built in 1955
    -- sqft lot
    $1,472,800 Zestimate®
    $381/sqft
    $-- HOA

    What's special

    Durable constructionOn-site laundry facilitiesDouble-pane windows
    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.
    46 days
    |
    843
    |
    50
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jim Meech 01145137 408-718-3116,

    James Meech, Broker 408-718-3116

    Source: MLSListings Inc,MLS#: ML82038150MLS Logo

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      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: $381/sqft
      • Date on market: 3/11/2026
      • Listing agreement: ExclusiveAgency
      • Inclusions: OvenRangeAllUnits
      • Lease term: Month To Month
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        Estimated market value

        $1,472,800

        $1.40M - $1.55M

        $1,552/mo

        Price history

        DateEventPrice
        4/19/2026Price change$1,500,000-6.3%$381/sqft
        Source: MLSListings Inc #ML82038150 Report a problem
        3/17/2026Listed for sale$1,600,000$406/sqft
        Source: MLSListings Inc #ML82038150 Report a problem
        3/14/2026Contingent$1,600,000$406/sqft
        Source: MLSListings Inc #ML82038150 Report a problem
        3/11/2026Listed for sale$1,600,000$406/sqft
        Source: MLSListings Inc #ML82038150 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment
        $8,735/mo
        Principal & interest
        $7248
        Property taxes
        $1487
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          Climate risks

          Neighborhood: Downtown

          Getting around

          93 / 100
          Walker's Paradise
          66 / 100
          Good Transit
          84 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          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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