Multifamily Property for Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95112

Description

Marcus & Millichap is pleased to present 655 Nordale Avenue in San Jose, California. 655 Nordale Avenue is a five-unit apartment that was built in 1962 and sits on a 7,500 SF / 0.17 Acres lot. The property has one (1) Studio unit, three (3) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit. The property offers on-site parking and a new roof that was installed in May 2025! 655 Nordale Avenue's prime location makes this an exceptional opportunity for investors. Downtown San Jose & San Jose State University is less than four miles from the property. Tenants have easy access to the many shops, restaurants, cafes, and entertainment that Downtown San Jose provides. Huge employers are located nearby, such as: PayPal, Adobe, Cisco Systems, Google, Facebook/Meta, and Apple are all less than 45 minutes away. Investment Highlights: • Fully Occupied 5-Unit Apartment in San Jose • Brand New Roof Installed in May 2025 • Two Miles From San Jose State University

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in San Jose, CA — <a href="/search/sale/multifamily/california/san-jose">view the full market</a>.

As of Q3 2021, the Silicon Valley multifamily market showed a 4.4% vacancy rate, and average asking rents near $1591.00/unit/mo. Source: Www.lee-Associates.com Q3 2021 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Silicon Valley multifamily market tightening or softening?
Vacancy is around 4.4% (Q3 2021).

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