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551 Northlake Drive, San Jose CA 95117
551 Northlake Drive, San Jose CA 95117
California>San Jose>Northlake

551 Northlake DriveSan Jose, CA 95117

For Sale

$1,820,000

Smart Buyer Rebate $18,200

A well-maintained fourplex centrally located in the Northlake neighborhood of West San Jose. All four units are 2BR/1BA, a total of 2,992 square feet of living space and 6,535 lot size. The property is fully rented with some new leases, providing immediate cash flow for either an owner-occupant or an investor. First-floor units feature double-pane windows and laminate wood flooring. Significant upgrades completed within the last five years include a newer roof, front siding, a 75-gallon water heater, updated appliances, new attic insulation, and a freshly painted exterior.

The property offers an ideal location with excellent proximity to major employers and lifestyle amenities: Commute: A 10-minute drive to Apple, NVIDIA, and Kaiser, with easy access to Highway 280/880, San Tomas, and Lawrence Expressway. Tech Hubs: Conveniently located near Google, Netflix, eBay, and the San Jose Airport. Lifestyle: Minutes to from Harker and Mitty High Schools, Santa Clara, Sunnyvale, and premier shopping center Santana Row and Westfield Valley Fair Mall.

Listed by Valerie Lam

·

License #01510187

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Intero Real Estate Services

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408-694-7542

Last updated July 28, 2026

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Source: MLSListings #ML82031091

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorthlake
  • Days on Prevu199
  • Taxes$14,835/year
  • Size2,992 sqft
  • Price per sqft$608

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/12/2026
Price Decreased
$1,820,000
04/15/2026
Price Decreased
$1,830,000
02/20/2026
Price Decreased
$1,888,000
01/27/2026
Status changed to Active
$1,950,000
01/22/2026
Status changed to Removed from Feed
$1,950,000
01/14/2026
Listed by Intero Real Estate Services
$1,950,000

Property Details for 551 Northlake Drive

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition
  • Stories: 2
  • Year Built: 1960
  • Year Built Details: 2

Measurements

  • Building Area Total: 2,992
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,535
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,535
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.68
  • Gross Income: $106,596.00
  • Operating Expense Includes: Maintenance, Utilities, Water/Sewer

Taxes

  • Parcel Number: 303-27-062
  • Tax Annual Amount: $14,835.00

Interior

Features

  • Appliances: Exhaust Fan, Oven Range - Electric, Refrigerator
  • Flooring: Carpet, Laminate

Measurements

  • Living Area: 2,992

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Features: Carport

Schools

Elementary School

  • Elementary School: Lynhaven Elementary
  • Elementary School District: Campbell Union Elementary

High School

  • High School District: Campbell Union High

Middle or Junior School

  • Middle Or Junior School: Campbell Middle

Utilities

Equipment

  • Heating: Wall Furnace
  • Laundry Features: Hookups Only
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Water On Site

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 551 Northlake Drive.

What schools are nearby to 551 Northlake Drive?

Nearby schools include the Lynhaven Elementary and Campbell Middle.

What are the annual taxes for 551 Northlake Drive?

Annual taxes for this multi-family home are estimated at $14,835.

How does 551 Northlake Drive compare to other multi-family homes in Northlake?

This multi-family home is listed 0% below the average price for multi-family homes in Northlake and has been on the market for 91 more 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 2,992 sqft.

551 Northlake Drive is a -bedroom multi-family home for sale in San Jose CA 95117. Available on Prevu for 199 days at $1,820,000. This includes a recent price decrease of $10,000. This property features 2,992 square feet of living space, located in San Jose. The median listing price for multi-family homes in this area is $1,098,000. Nearby schools include Lynhaven Elementary and Campbell Middle. The home offers pets allowed and parking. Browse more multi-family home listings in San Jose.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 07/28/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

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.