242 S 10th ST, San Jose, CA 95112
- $2,530,000
- 5,892
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
Sold listing courtesy of Tyler Charron from APR
- Sold Price
- $2,530,000
- List Price
- $2,520,000
- Closing Date
- Mar 17, 2025
- MLS#
- ML81994832
- Status
- SOLD
- Sqft. of Residence
- 5,892
- Lot Size
- 2,874
- Listing Area
- Central San Jose
- Year Built
- 1982
Property Description
Compass Commercial is pleased to announce the exclusive listing of 242 S. 10th Street, a rare opportunity to own a well-maintained six-unit multifamily property in the heart of Downtown San Jose, directly across from San Jose State University. Built in 1982, this fully leased multifamily investment boasts six (6) individually parceled two-story townhome style 2-Bedroom/1.5-+Bath townhomes spanning 982 sq. ft. each. Each unit has a private 2-car or 1 car garage, in-unit washer/dryer, central forced heating system, and private upstairs deck off of the primary bedroom. This property offers strong cash flow with a current 5.82% cap rate, and tenants pay their own utilities, including water and PG&E. Recent capital improvements include exterior paint in 2021, a new asphalt driveway in 2023, termite tenting in 2018, and a complete roof replacement in 2011. Located just steps from SJSU and surrounded by downtown amenities, dining, entertainment, and major transportation corridors, this property is positioned for strong income on day one, long-term rental demand and appreciation.
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Additional Information
- Acres
- 0.07
- Age
- 43
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Foundation
- Concrete Slab
- Garage Parking
- Attached Garage, Off-Street Parking, Parking Area
- Heating System
- Central Forced Air - Gas
- Living Area
- 5,892
- Lot Size
- 2,874
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- RM
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