358 N 7th Street San Jose, CA ^$ 2,500,000

358 N 7th Street

^$ 2,500,000

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358 N 7th Street

San Jose, CA, 95112

^$ 2,500,000

Studio Baths0.0 Sq 6,536

Monthly Estimate*

^$ 15,597

Listed by SiliconValley MultiFamilyGroup

358 N 7th Street, San Jose, CA 95112 - Image 1

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358 N 7th Street, San Jose, CA 95112 - Image 9

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Studio

Multi-Family Home for sale in San Jose, CA

for $2,500,000. This 6,536 square foot home was built in 1961 on a lot size of 0.2851.

13-unit multifamily in downtown San Jose. Features 12 one-bedroom/one-bath units and 1 studio, with on-site laundry, 12 parking spaces (9 covered), and attractive curb appeal with mature landscaping. Current average rent is $1,339/month vs. ~$2,000 market, creating strong value-add potential. Priced below area averages. Built in 1961 on a 12,420 SF lot, the 6,536 SF structure offers stable cash flow with upside through renovations, rent increases, and compliance upgrades. Ideal for investors seeking repositioning opportunities, 1031 exchange buyers, or those comfortable with renovation-driven appreciation. Marketing package and disclosures available.

Multi-Family Contingent

Price

^$ 2,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 40,041

Style

Lot Size

0.2851

Year Built

1961

Town/City

San Jose

County/Region

Santa Clara

MLS | Web ID

ML82023937

Days on Market

Features

General

Living Area 6536

Heating Radiant

Cooling Central Air Wall/Window Unit(s)

Roof Flat Tar/Gravel

Appliances Dishwasher Microwave

Zoning RM

Garage Spaces 0

Year Built 1961

Property Subtype Mixed Use

Accessibility Parking

County Santa Clara

Insurance Expense 8448

Property Type Residential Income

HOA false

MaintenanceExpense 2925

Garage Y/N false

Special Listing Conditions Standard

Status Active Under Contract

Directions From the Northside Community Center head west on E Empire Street for about two blocks turn left onto N 7th Street and the property at 358 N 7th Street will be on the left sid Cross Street: E Empire St.

City San Jose

High School District San Jose Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 12420

Carport Spaces 13

Carport Y/N true

Elementary School Grant

Tax Annual Amount 40041

Trash Expense 0

Standard Status Active Under Contract

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Mixed Use

Cap Rate 5.15

Interior

Flooring Carpet Wood

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Carport

Lot Features Level

Water Source Public

Total Parking 12

Lot Size Area 12420

Foundation Details Concrete Perimeter

Number of Buildings 1

Building Area Total 6536

Lot Size Acres 0.2851

Lot Size Source Assessor

* Excluded Features

List By

Siliconvalley Multifamilygroup

Broker

michael@svmultifamily.com

Affordability Calculator

$18,933

Per Month

Monthly Principal & Interest: $15,597
Monthly Property Taxes: $3,337
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Jose, CA

Average List Price ^$1,757,257

Percent of Sale Price 30%

About San Jose, CA

1,023,338 Population

13% Since 2002

^$93,707 Median Income

37.72 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/22/2025	$2,500,000		Listed Price

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358 N 7th Street, San Jose, CA, 95112 is a Multi-Family Home for sale at $2,500,000 with 6,536 sqft and a lot size of 0.2851. 358 N 7th Street is a studio with 0.0 baths and was built in 1961. The property's zip code is 95112 which is in San Jose, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/23/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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358 N 7th Street

Multi-Family Home for sale in San Jose, CA

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