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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

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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.

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
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 -
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (93)
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
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
  • Listing ID: 38191829

  • Date on Market: 2025-10-23

  • Last Updated:

  • Address: 90 S 13th St, San Jose, CA 95112

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