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309 N 5th StreetSan Jose, CA 95112

For Sale

$1,200,000

Smart Buyer Rebate $12,000

Welcome to 309 N 5th St in Downtown San Jose, a fully occupied fourplex offering 2,532 sq ft of living space on a 6,900 sq ft lot and positioned perfectly for your next investment opportunity. The building includes two well-sized one-bedroom, one-bath units and two efficient studio units, all occupied by consistent, reliable tenantsideal for a first-time investor, seasoned owner, or 1031 exchange buyer seeking stability with upside potential. Situated in the heart of the Hensley neighborhood, the property provides easy access to restaurants, Japantown, San Jose State University, parks, and major transit. Nearby schools include Grant Elementary, Muwekma Ohlone Middle, and San Jose High, and the location remains a strong rental draw with major employers and the surrounding downtown just minutes away. With steady cash flow and the continued redevelopment of San Joses urban core, 309 N 5th St presents a compelling opportunity for long-term growth and income.

Listed by Andy Meunier

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License #01933603

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Coldwell Banker Realty

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408-306-4841

Listed by Ben Meunier

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License #02230055

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Coldwell Banker Realty

Last updated December 02, 2025

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Source: MLSListings #ML82028187

Listing Facts

  • TypeMulti-family
  • NeighborhoodHensley
  • Days on Prevu17
  • Taxes$14,551/year
  • Size2,532 sqft
  • Price per sqft$474

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

11/23/2025
Listed by Coldwell Banker Realty
$1,200,000

Property Details for 309 N 5th Street

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition, Shingle
  • Stories: 2
  • Year Built: 1902
  • Year Built Details: 2

Measurements

  • Building Area Total: 2,532
  • Lot Size Area: 6,900
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,900
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.14
  • Gross Income: $92,568.00
  • Operating Expense Includes: Gardener, Insurance, Maintenance, Trash, Water/Sewer

Taxes

  • Parcel Number: 249-46-057
  • Tax Annual Amount: $14,551.00

Interior

Features

  • Appliances: Oven Range - Electric, Oven Range - Gas

Measurements

  • Living Area: 2,532

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Street Parking
  • Parking Total: 4

Schools

Elementary School

  • Elementary School District: San Jose Unified

High School

  • High School District: San Jose Unified

Utilities

Equipment

  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 309 N 5th Street.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 309 N 5th Street.

What are the annual taxes for 309 N 5th Street?

Annual taxes for this multi-family home are estimated at $14,551.

How does 309 N 5th Street compare to other multi-family homes in Hensley?

This multi-family home is listed 23% below the average price for multi-family homes in Hensley and has been on the market for 18 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,532 sqft.

309 N 5th Street is a -bedroom multi-family home for sale in San Jose CA 95112. Listed on Prevu for 17 days at $1,200,000. This property features 2,532 square feet of living space, located in San Jose. The median listing price for multi-family homes in this area is $1,510,000. Additional amenities include pets allowed and parking. Explore more multi-family home listings in San Jose.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.