767 S 2nd Street, San Jose, CA 95112

About this commercial property

767 S 2nd Street is a well-maintained 5-unit multifamily asset consisting of all 1-bedroom/1-bathroom units on an oversized 0.15-acre lot. Built in 1940 and currently 100% occupied, the property offers strong in-place income with a gross potential rent of $153,000 and an attractive current cap rate of 5.77%. The asset recently underwent a fire and has been completely rebuilt with permits. Recent capital improvements include brand new electrical systems, dual pane windows, and high end interior & exterior finishes. Other notable highlights include five assigned parking spaces and individually metered electricity and gas. Situated in the highly desirable Spartan-Keyes neighborhood near San Jose State University and major Silicon Valley employment hubs, the property enjoys convenient access to transit, retail, and dining, driving consistent tenant demand. This is a turnkey investment opportunity in one of Northern California's most resilient and high-growth rental markets.

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$1,530,000

Sold June 2026 · listed $1,590,000, on market May 2026 · MLS #ML82046850 · Source: CRMLS

Listing Agent: Eymon Binesh · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Eymon Binesh · Marcus & Millichap

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