2985 Walgrove Way, San Jose, CA 95128

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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2985 Walgrove Way,San Jose, CA 95128
$1,950,000
  • - Beds
  • - Baths
  • 3,973 sq. ft.
  • Multi-family
  • Active
Listed by:michael shields
Office:siliconvalley multifamilygroup
MLS#:ML82018905
Source:CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$490.81

About this home

Turnkey fourplex in desirable West San Jose offers strong investment potential with a balanced unit mix: one 3BR/2BA, two 2BR/1.5BA, and one 1BR/1BA unit. The three larger units feature HVAC systems while the smaller unit has window A/C and a wall heater. Built in 1968, the 3,973 SF building sits on a 9,636 SF lot and includes 12 parking spaces (6 covered, 6 open) plus shared laundry generating approximately $250 monthly in additional income. The property generates $113,904 in annual gross income with a 3.48% cap rate and 16.68 gross rent multiplier. Located just 1.2 miles from Santana Row and 2 miles from Westfield Valley Fair, it offers excellent access to I-280, Highway 17, and San Tomas Expressway, plus proximity to top-rated schools within one mile. San Jose's tech-driven economy continues to support strong rental demand despite recent sector adjustments. With vacancy rates at just 3.8%, rent growth at 2.7%, and high home prices keeping buyers in the rental market, multifamily

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Home facts

  • Year built:1968
  • Listing Id #:ML82018905
  • Added:1 day(s) ago
  • Updated:August 22, 2025 at 04:43 PM

Rooms and interior

  • Living area:3,973 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Window Units
  • Heating:Forced Air, Wall Furnance

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1968
  • Building area:3,973 sq. ft.
  • Lot area:0.22 Acres

Schools

  • High school:Del Mar
  • Middle school:Monroe
  • Elementary school:Other

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$490.81
  • Tax amount:$25,472
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