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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

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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.

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
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 -
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 37464510

  • Date on Market: 2025-08-28

  • Last Updated:

  • Address: 445 N 26th St, San Jose, CA 95116

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