Back on the market! Fully rented 4-unit investment opportunity with upside potential. This well-maintained building is a great addition to any investors portfolio, offering consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights ** Unit Configuration: Four 2-bed/1-bath unitsideal for owner-occupiers or investors ** Well-Maintained Community - Privately run HOA ensures clean, well-kept grounds; assigned carports plus extra parking; shared laundry facility; tenant-enjoyed balconies/patios ** Prime Convenience - Close to major employers, shopping, dining, schools, churches, and public transitperfect for families and high occupancy rates ** Value-Add Potential - Some units need cosmetic upgrades, presenting an opportunity to raise rents and boost profitability
This property is a solid investment for seasoned investors or first-time buyers entering the multi-family market.
Listed by Meggie Collins
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License #02229230
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NextHome Axis Realty
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408-917-8303
Listed by Melinda Collins
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License #01178494
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NextHome Axis Realty
Last updated August 06, 2025
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Source: MLSListings #ML81991369
Listing Facts
TypeMulti-family
NeighborhoodHillsdale
Days on Prevu228
HOA/Maint. Fees$1,288/
Taxes$5,157/year
Size3,328 sqft
Price per sqft$522
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
08/07/2025
Status changed to Active
$1,738,000
08/07/2025
Price Decreased
$1,738,000
08/01/2025
Status changed to Expired
$1,780,000
01/22/2025
Listed by NextHome Axis Realty
$1,780,000
Property Details for 450 Lewis Road
Exterior
Construction
Number Of Units Total: 4
Roof: Shingle
Stories: 2
Year Built: 1962
Year Built Details: 2
Measurements
Building Area Total: 3,328
Lot Size Acres: 0.22
Lot Size Area: 9,945
Lot Size Source: Assessor
Lot Size Square Feet: 9,945
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.08
Gross Income: $93,306.00
Operating Expense Includes: Gardener, Maintenance
Taxes
Parcel Number: 497-27-004
Tax Annual Amount: $5,157.00
Interior
Features
Flooring: Laminate
Measurements
Living Area: 3,328
Parking
Parking
Carport Spaces: 2
Carport: Yes
Parking Features: Assigned Spaces
Parking Total: 2
Schools
Elementary School
Elementary School District: San Jose Unified
High School
High School District: East Side Union High
Utilities
Equipment
Cooling: Window/Wall Unit
Heating: Wall Furnace
Sewer: Public Sewer
Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
Water Source: Public
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.
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.
