For Sale26d on market
E Reed St
San Jose, CA, 95112 • Downtown • Santa Clara County
$1,600,000
$406/sqft
Down payment assistance available
8Beds
8Baths
3,940Sqft
0.14 acLot
1955Built
This home is getting attention
Listed 26 days ago · 920 views · 42 saves
Market activity
Demand and pricing signals for this listing
920 views
People checking out this listing
42 saves
Buyers have saved this home
26 days on market
Recently listed
$406/sqft
Price per square foot
About this home
Multi Family · Built 1955
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.
Standout features identified
Our analysis highlights durable construction, on-site laundry facilities, and double-pane windows as key attractions of this home.
Estimated monthly payment
Based on current rates
$10,101/month
Principal & Interest$7,968
Property Tax$1,600
Insurance$533
Down payment20% ($320,000)
3%50%
Est. 6.35% rate · 30yr fixed · $1,280,000 loan
Full calculator →At a glance
Key facts and listing details
TypeFive Or More Units, Residential Income
Year Built1955
HeatingGas
CoolingNone
Parking8 Carport spaces
Days on Zillow26 Days
Price/sqft$406
Property
Home typeMulti Family
Sub-typeFive Or More Units, Residential Income
Year built1955
Systems
HeatingGas
CoolingNone
RoofComposition
Water / SewerPublic
Parking & Outdoor
ParkingOff Site
Lot6,027 sqft
Location & Tax
NeighborhoodDowntown
ZoningC3
Parcel47227056
Features & details
6 categories of property features
Interior Features
Heating
Gas
Cooling
None
Accessibility
Parking
Exterior Features
Parking
Off Site
Utilities
Public Utilities
Water Public
Gas
PublicUtilities
Listing insights
Market data and value estimates
StatusFor Sale
Days on market26
Est. value$1,570,700
Est. rent$2,230/mo
Tax rate1.19%
Price/sqft$406
On marketMar 11, 2026
PostedMar 11, 2026
MLS updatedMar 17, 2026
Tour days9
Views920
Favorites42
How are the schools in San Jose?
3 schools rated nearby
Location
San Jose, CA, 95112
Price history
3 events
DateEventPrice$/sqftSource
Mar 17, 2026Listed For Sale$1,600,000$406MLSListings Inc
Mar 14, 2026Contingent$1,600,000$406MLSListings Inc
Mar 11, 2026Listed For Sale$1,600,000$406MLSListings Inc
Listed For Sale$1,600,000
Mar 17, 2026•$406/sqft•MLSListings Inc
Contingent$1,600,000
Mar 14, 2026•$406/sqft•MLSListings Inc
Listed For Sale$1,600,000
Mar 11, 2026•$406/sqft•MLSListings Inc
Nearby homes
Neighborhood details
Local context around this listing
San Jose, CA • Santa Clara County
Nearby neighborhoods
Almaden ValleyBlossom ValleyCambrian ParkDowntownEast San JoseEvergreenFairgroundsNorth ValleyWest San JoseWillow Glen
Nearby cities
CupertinoGilroyLivermoreMilpitasMorgan HillMountain ViewPalo AltoSan Jose
Nearby zip codes
95111951129511695122951239512495125951279513695148
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Based on information from the MLSListings MLS as of 2026-04-07 10:14:20 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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