242 S 10Th Street

San Jose, CA 95112 Active for $2,520,000

Overview
Map & Location
Median Values
Schools & Score
Property History
Similar Listings

Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 2,875 sqft

Property Facts

MLS	ML81994832
Year Built	1982
Property Type
County	Santa Clara
Status	Active
Active	$2,520,000
Structure Size	N/A sqft
Lot Size	2,875 sqft
Beds	N/A
Baths

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.

Listing information courtesy of: Nate Gustavson, Compass 415-786-9410. *Based on information from the Association of REALTORS/Multiple Listing as of 02/23/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.