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445 N 26th St 13 Unit Apartment Building $5,063,002 CAD ($389,462 CAD/Unit) 6.39% Cap Rate San Jose, CA 95116



INVESTMENT HIGHLIGHTS
- Amenities include assigned car ports, on-site laundry room and communal courtyard.
- Strong in-place income.
- Located near the future Bart Little Portugal Station.
EXECUTIVE SUMMARY
The R&Z Group of Compass Commercial is excited to present 445 N 26th St, San Jose CA 95116 to the open market. This well-maintained, two-story multifamily property offers both comfort for tenants and compelling stable returns for investors in one of San Jose’s most dynamic rental submarkets.
Composed of 13 units — (8) 2 Bed 1 Bath and (5) 1 Bed 1 Bath apartment units — the property provides a versatile unit mix that appeals to a wide tenant base. Each unit comes with a designated tucked-under carport, and the building is equipped with an on-site laundry room featuring two washers and two dryers, with card readers, both owned. The 2-bedroom units have the benefit of forced-air heating, while the 1-bedroom units are equipped with wall furnaces.
Built with durability in mind, this asset features a low-pitched tar and gravel roof and a concrete slab foundation, ensuring long-term stability and ease of maintenance. With approximately 10,260 square feet of living space on-site, the property sits on a footprint that efficiently balances tenant livability with investor performance. Utilities are set up with separately metered gas and electric, while water is master metered for straightforward operations.
Major employers nearby include Adobe, Cisco, PayPal, eBay, Western Digital, Zoom, and SJSU, reinforcing consistent rental demand from Silicon Valley’s thriving workforce. The property is located near the future BART station on N 28th St and near on going city developments in the Five Wounds Neighborhood.
Don’t miss this opportunity — contact The R&Z Group of Compass Commercial today to schedule a tour and secure this San Jose multifamily asset for your next great investment.
Composed of 13 units — (8) 2 Bed 1 Bath and (5) 1 Bed 1 Bath apartment units — the property provides a versatile unit mix that appeals to a wide tenant base. Each unit comes with a designated tucked-under carport, and the building is equipped with an on-site laundry room featuring two washers and two dryers, with card readers, both owned. The 2-bedroom units have the benefit of forced-air heating, while the 1-bedroom units are equipped with wall furnaces.
Built with durability in mind, this asset features a low-pitched tar and gravel roof and a concrete slab foundation, ensuring long-term stability and ease of maintenance. With approximately 10,260 square feet of living space on-site, the property sits on a footprint that efficiently balances tenant livability with investor performance. Utilities are set up with separately metered gas and electric, while water is master metered for straightforward operations.
Major employers nearby include Adobe, Cisco, PayPal, eBay, Western Digital, Zoom, and SJSU, reinforcing consistent rental demand from Silicon Valley’s thriving workforce. The property is located near the future BART station on N 28th St and near on going city developments in the Five Wounds Neighborhood.
Don’t miss this opportunity — contact The R&Z Group of Compass Commercial today to schedule a tour and secure this San Jose multifamily asset for your next great investment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$470,620
|
$45.87
|
| Other Income |
$4,715
|
$0.46
|
| Vacancy Loss |
$14,118
|
$1.38
|
| Effective Gross Income |
$461,218
|
$44.95
|
| Taxes |
$57,885
|
$5.64
|
| Operating Expenses |
$80,036
|
$7.80
|
| Total Expenses |
$137,921
|
$13.44
|
| Net Operating Income |
$323,296
|
$31.51
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $470,620 |
| Annual Per SF | $45.87 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,715 |
| Annual Per SF | $0.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,118 |
| Annual Per SF | $1.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $461,218 |
| Annual Per SF | $44.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $57,885 |
| Annual Per SF | $5.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $80,036 |
| Annual Per SF | $7.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $137,921 |
| Annual Per SF | $13.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $323,296 |
| Annual Per SF | $31.51 |
PROPERTY FACTS
| Price | $5,063,002 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $389,462 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 6.39% | Building Size | 10,260 SF |
| Gross Rent Multiplier | 10.76 | No. Stories | 2 |
| No. Units | 13 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.27/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price | $5,063,002 CAD |
| Price Per Unit | $389,462 CAD |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Gross Rent Multiplier | 10.76 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 10,260 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $3,190 CAD | - |
| 1+1 | 5 | $2,684 CAD | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 249-66-016 | Total Assessment | $765,198 CAD (2025) |
| Land Assessment | $164,080 CAD (2025) | Annual Taxes | $57,885 CAD ($5.64 CAD/SF) |
| Improvements Assessment | $601,118 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
249-66-016
Land Assessment
$164,080 CAD (2025)
Improvements Assessment
$601,118 CAD (2025)
Total Assessment
$765,198 CAD (2025)
Annual Taxes
$57,885 CAD ($5.64 CAD/SF)
Tax Year
2024
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445 N 26th St
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