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Investment Highlights

  • Built in 1980 with Stucco exterior
  • Near city offices, police station
  • Fully rented
  • Excellent location to commute routes, train station, public transportation
  • Low maintenance

Executive Summary

Excellent opportunity to own a money-making building in the heart of Gilroy, the new destination for Silicon Valley residents as it's still affordable living! Look at the numbers and income, built in 1980! Easy to manage building with 6 townhouse styles 2br/1.5bath units and 2-1br/1bath upstairs units. Owner has taken pride in keeping the building in great shape. Some units have had recent updates in kitchens, bathrooms, flooring, units with double pane energy efficient windows. Units have wall a/c units, garages and cover carport plus open parking spaces. Each unit has own electric water heater and one electric water heater in common laundry room. Beautiful courtyard setting and coin-operated washer/dryer laundry-room. Nearby VTA/Caltrain station, downtown Gilroy, city offices/Civic Center, library and police station and commute routes. Nice wide street with mix of apartments and single-family homes. This property is like no other on the market and has been priced to make sense for investors. Make this the next building in your portfolio!

Data Room Click Here to Access

Financial Summary (Actual - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,976,948 CAD
Price Per Unit $497,119 CAD
Sale Type Investment
Cap Rate 5.24%
Gross Rent Multiplier 13.6
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.28 AC
Building Size 7,400 SF
Average Occupancy 100%
No. Stories 2
Year Built 1980
Parking Ratio 1.89/1,000 SF
Zoning R3, Gilroy

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Ceiling Fans
  • Tile Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Lawn
  • Vinyl Flooring

Site Amenities

  • Courtyard
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $2,541 CAD 775
2+1.5 6 $3,211 CAD 907
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
799-10-051
Land Assessment
$538,225 CAD (2025)
Improvements Assessment
$2,144,666 CAD (2025)
Total Assessment
$2,682,890 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 40587480

  • Date on Market: 2026-05-19

  • Last Updated:

  • Address: 7191 Eigleberry St, Gilroy, CA 95020

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