Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

966 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

642 S 7th St 12 Unit Apartment Building $6,376,987 CAD ($531,416 CAD/Unit) 5.52% Cap Rate San Jose, CA 95112

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Featuring an exceptional unit mix of six oversized 2-bedroom units and six large 3-bedroom units
Select interior upgrades, including vinyl plank flooring, updated kitchens with granite/quartz countertops, and dual-pane windows throughout

Highly desirable underground parking, a rare amenity for assets of this size

Executive Summary

Marcus & Millichap is pleased to present 642 S 7th Street, a rare 12-unit multifamily asset in the heart of Downtown San Jose, featuring an exceptional unit mix of six oversized 2-bedroom units and six large 3-bedroom units - ideal for families, roommates, and student housing demand. Built in 1961, the property spans approximately 12,325 square feet on a 7,520 square foot lot and offers highly desirable underground parking, a rare amenity for assets of this size. The property has seen select interior upgrades, including vinyl plank flooring, updated kitchens with granite/quartz countertops, and dual-pane windows throughout, along with on-site laundry for tenants. Located just minutes from Downtown San Jose, San Jose State University, and major Silicon Valley employers, 642 S 7th Street offers a prime location with strong rental demand and long-term upside.

642 S 7th Street, San Jose - OM

Property Facts

Price	$6,376,987 CAD	Apartment Style	Low-Rise
Price Per Unit	$531,416 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Cap Rate	5.52%	Building Size	12,325 SF
Gross Rent Multiplier	11.69	No. Stories	3
No. Units	12	Year Built	1961
Property Type	Multifamily	Parking Ratio	1.46/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM

Price	$6,376,987 CAD
Price Per Unit	$531,416 CAD
Sale Type	Investment
Cap Rate	5.52%
Gross Rent Multiplier	11.69
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	12,325 SF
No. Stories	3
Year Built	1961
Parking Ratio	1.46/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM