761-769 S 2nd St 5 Unit Apartment Building $2,186,186 CAD ($437,237 CAD/Unit) 5.77% Cap Rate San Jose, CA 95112

767 S Second Street is a 5-unit multifamily property located in San Jose, CA, totaling approximately 2,726 square feet of building space. Completed in 1940 on a 0.1521-acre lot, this modern asset offers five surface/street parking spaces and features a contemporary design that stands out in the local market. The property currently maintains a 100%
occupancy rate, reflecting the high demand for new, well-located residential units in the Spartan-Keyes neighborhood near downtown San Jose.
Situated in the heart of Silicon Valley, the asset benefits from its prime location near major employment hubs, San Jose State University, and a wide array of urban amenities. Residents have convenient access to diverse dining options, retail centers, and public transit, positioning the property as a highly desirable residence for the region's professional
workforce. This strategic location within a high-growth market ensures consistent tenant interest and provides a strong foundation for long term value preservation.
Offered at a list price of $1,590,000, the property represents a price of approximately $318,000 per unit or $583.27 per square foot. The asset generates a current gross potential rent of $153,000.00, resulting in a current cap rate of 5.77% and a gross rent multiplier of 10.91. With pro forma projections maintaining stable returns, this property offers
investors a turnkey opportunity to acquire a stabilized, newer construction asset in one of Northern California’s most resilient rental markets.