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90 S 13th St 4 Unit Apartment Building Offered at $1,807,716 CAD at a 4.62% Cap Rate San Jose, CA 95112



INVESTMENT HIGHLIGHTS
- 90 S 13th St, is located in the Naglee Park neightborhood.
- Ideal property for single family home conversion.
- Potential ADU conversion of detached garage.
EXECUTIVE SUMMARY
Welcome to 90 S 13th Street, a rare gem in the heart of Naglee Park, one of San Jose’s most cherished and historic neighborhoods. Perfectly situated just east of San Jose State University, this property offers an incredible blend of convenience, character, and potential. Whether you work downtown, study nearby, or simply love being close to the city’s energy while enjoying the serenity of tree-lined streets, this home places you at the center of it all.
Originally built with the timeless charm that defines Naglee Park, this residence has been thoughtfully adapted into a four-unit property, making it a versatile opportunity for investors and homeowners alike. This property is a great option for first-time investors or owner-occupiers who want to live in one unit while generating income from the other three. With a smart mix of (2) one-bedroom, one-bath units and (2) studio units, this building offers versatility, stable rental potential, and the charm that keeps tenants happy and long-term or reimagine the space into a spacious single-family home that captures the elegance and architectural spirit of the neighborhood.
Step outside and you’ll immediately feel the essence of Naglee Park. The streets here are wide, shaded by mature sweetgum and London Plane trees, and lined with homes that tell the story of San Jose’s early years. Many properties date back to the early 1900s, showcasing classic architectural styles such as Craftsman, Spanish Revival, and Queen Anne, and 90 S 13th Street fits seamlessly among them. It’s a neighborhood where residents greet each other by name, take pride in their gardens, and enjoy the walkability that makes this one of the most sought-after areas in the city.
Just minutes from downtown San Jose, you can walk or bike to cafés, restaurants, and parks — including the beloved Happy Hollow Park and Zoo along the scenic Coyote Creek. Whether you’re drawn to the area’s strong sense of community, its architectural heritage, or the income potential of this flexible four-plex, 90 S 13th Street offers something truly special. It’s more than just a property — it’s a chance to be part of a neighborhood where history, charm, and opportunity come together beautifully.
Originally built with the timeless charm that defines Naglee Park, this residence has been thoughtfully adapted into a four-unit property, making it a versatile opportunity for investors and homeowners alike. This property is a great option for first-time investors or owner-occupiers who want to live in one unit while generating income from the other three. With a smart mix of (2) one-bedroom, one-bath units and (2) studio units, this building offers versatility, stable rental potential, and the charm that keeps tenants happy and long-term or reimagine the space into a spacious single-family home that captures the elegance and architectural spirit of the neighborhood.
Step outside and you’ll immediately feel the essence of Naglee Park. The streets here are wide, shaded by mature sweetgum and London Plane trees, and lined with homes that tell the story of San Jose’s early years. Many properties date back to the early 1900s, showcasing classic architectural styles such as Craftsman, Spanish Revival, and Queen Anne, and 90 S 13th Street fits seamlessly among them. It’s a neighborhood where residents greet each other by name, take pride in their gardens, and enjoy the walkability that makes this one of the most sought-after areas in the city.
Just minutes from downtown San Jose, you can walk or bike to cafés, restaurants, and parks — including the beloved Happy Hollow Park and Zoo along the scenic Coyote Creek. Whether you’re drawn to the area’s strong sense of community, its architectural heritage, or the income potential of this flexible four-plex, 90 S 13th Street offers something truly special. It’s more than just a property — it’s a chance to be part of a neighborhood where history, charm, and opportunity come together beautifully.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$135,348
|
$58.21
|
| Other Income |
$1,675
|
$0.72
|
| Vacancy Loss |
$4,061
|
$1.75
|
| Effective Gross Income |
$132,963
|
$57.19
|
| Taxes |
$21,765
|
$9.36
|
| Operating Expenses |
$27,696
|
$11.91
|
| Total Expenses |
$49,462
|
$21.27
|
| Net Operating Income |
$83,501
|
$35.91
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $135,348 |
| Annual Per SF | $58.21 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,675 |
| Annual Per SF | $0.72 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,061 |
| Annual Per SF | $1.75 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,963 |
| Annual Per SF | $57.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,765 |
| Annual Per SF | $9.36 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,696 |
| Annual Per SF | $11.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,462 |
| Annual Per SF | $21.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $83,501 |
| Annual Per SF | $35.91 |
PROPERTY FACTS Under Contract
| Price | $1,807,716 CAD | Apartment Style | Garden |
| Price Per Unit | $451,929 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,325 SF |
| Cap Rate | 4.62% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.36 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1904 |
| Property Type | Multifamily | ||
| Zoning | R1-8 | ||
| Price | $1,807,716 CAD |
| Price Per Unit | $451,929 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 13.36 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 2,325 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1904 |
| Zoning | R1-8 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,806 CAD | - |
| Studios | 2 | $2,541 CAD | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 467-27-027 | Total Assessment | $714,422 CAD (2025) |
| Land Assessment | $211,667 CAD (2025) | Annual Taxes | $21,765 CAD ($9.36 CAD/SF) |
| Improvements Assessment | $502,754 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
467-27-027
Land Assessment
$211,667 CAD (2025)
Improvements Assessment
$502,754 CAD (2025)
Total Assessment
$714,422 CAD (2025)
Annual Taxes
$21,765 CAD ($9.36 CAD/SF)
Tax Year
2024
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