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1022 Vermont St 5 Unit Apartment Building $2,222,320 CAD ($444,464 CAD/Unit) 5.56% Cap Rate San Jose, CA 95126
INVESTMENT HIGHLIGHTS
- Prime San Jose Location Near Santa Clara University, The Alameda, The Rose Garden, and Bellarmine College Preparatory
- Walkable To The Alameda, Offering Retail, Fine Dining, And Strong Employers
- First Time Offered For Sale Since 1985
- Mature Landscaping and Excellent Curb Appeal Attracting Quality Tenants
- Ideal One-Bedroom, Townhome-Style Floor Plans
- Call listing brokers for more information
EXECUTIVE SUMMARY
RECENT $500K Price Adjustment. The Castellanos Team is excited to present 1022 Vermont Street, a charming five-unit townhome-style apartment community ideally situated on the border of San Jose and Santa Clara. Built in 1965, the property spans 3,910 rentable square feet on a generous 7,500 square foot lot. Each of the five spacious one-bedroom, one-bathroom units is designed in a two-story townhome layout, offering tenants privacy and comfort. Every unit features its own private backyard patio, enhancing livability and tenant retention. The property also includes a dedicated laundry room and reserved covered parking under a detached carport. The exterior is thoughtfully landscaped, contributing to strong curb appeal and a welcoming residential atmosphere.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$179,891
|
$46.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$179,891
|
$46.01
|
| Taxes |
$37,034
|
$9.47
|
| Operating Expenses |
$27,198
|
$6.96
|
| Total Expenses |
$64,232
|
$16.43
|
| Net Operating Income |
$115,659
|
$29.58
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $179,891 |
| Annual Per SF | $46.01 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $179,891 |
| Annual Per SF | $46.01 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,034 |
| Annual Per SF | $9.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,198 |
| Annual Per SF | $6.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,232 |
| Annual Per SF | $16.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $115,659 |
| Annual Per SF | $29.58 |
PROPERTY FACTS
| Price | $2,222,320 CAD | Apartment Style | Townhome |
| Price Per Unit | $444,464 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.56% | Building Size | 3,910 SF |
| Gross Rent Multiplier | 12.23 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 | ||
| Price | $2,222,320 CAD |
| Price Per Unit | $444,464 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| Gross Rent Multiplier | 12.23 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,910 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Yard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $2,805 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 230-42-083 | Total Assessment | $790,278 CAD |
| Land Assessment | $245,247 CAD | Annual Taxes | $37,034 CAD ($9.47 CAD/SF) |
| Improvements Assessment | $545,031 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
230-42-083
Land Assessment
$245,247 CAD
Improvements Assessment
$545,031 CAD
Total Assessment
$790,278 CAD
Annual Taxes
$37,034 CAD ($9.47 CAD/SF)
Tax Year
2025
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1022 Vermont St
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