132 E Reed ST, San Jose, CA 95112
132 E Reed ST, San Jose, CA 95112
132 E Reed ST, San Jose, CA 95112
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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Jim Meech, DRE #01145137 • James Meech, Broker
$ 1,500,000
Est. payment | /mo

4 Beds

4 Baths

3,940 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

4 Beds

4 Baths

3,940 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,940 sqft

Price per Sqft $380

MLS Listing ID ML82038150

Bedrooms 4

Full Baths 4

Year Built 1955

Lot Size 6,027 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

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.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning C3

Interior

Heating Gas

Cooling None

Exterior

Parking Features Off-Site Parking

Garage Spaces 8.0

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Public

Others

Tax ID 472-27-056

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.

Nearby Locations

Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.sandate@exprealty.com

1641 Laurel St, San Carlos, CA, 94070-5216, USA

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132 E Reed ST