CA > San Jose
San Jose, CA 95112,242 S 10th ST
San Jose, CA 95112,242 S 10th ST
San Jose, CA 95112,242 S 10th ST
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$2,520,000
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2 BD
1.5 BA
5,892 SqFt
New

242 S 10th ST San Jose, CA 95112

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Christa Nielsen

Christa Nielsen

+1(408) 206-5196

UPDATED:

02/20/2025 06:36 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,892 sqft

Price per Sqft $427

MLS Listing ID ML81994832

Bedrooms 2

Full Baths 1

Half Baths 1

Year Built 1982

Lot Size 2,874 Sqft

Property Sub-Type Five or More Units

Property Description

Compass Commercial is pleased to announce the exclusive listing of 242 S. 10th Street, a rare opportunity to own a well-maintained six-unit multifamily property in the heart of Downtown San Jose, directly across from San Jose State University. Built in 1982, this fully leased multifamily investment boasts six (6) individually parceled two-story townhome style 2-Bedroom/1.5-+Bath townhomes spanning 982 sq. ft. each. Each unit has a private 2-car or 1 car garage, in-unit washer/dryer, central forced heating system, and private upstairs deck off of the primary bedroom. This property offers strong cash flow with a current 5.82% cap rate, and tenants pay their own utilities, including water and PG&E. Recent capital improvements include exterior paint in 2021, a new asphalt driveway in 2023, termite tenting in 2018, and a complete roof replacement in 2011. Located just steps from SJSU and surrounded by downtown amenities, dining, entertainment, and major transportation corridors, this property is positioned for strong income on day one, long-term rental demand and appreciation.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning RM

Interior

Heating Central Forced Air - Gas

Cooling Ceiling Fan

Exterior

Parking Features Attached Garage, Off-Street Parking, Parking Area

Garage Spaces 10.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions None

Tax ID 467-42-110

Security Features Video / Audio System

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
© 2025 MLSListings Inc. All rights reserved.
Listed by Nate Gustavson • Compass

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agent

Christa Nielsen

Agent | License ID: 02033382

+1(408) 206-5196

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242 S 10th ST