Phenomenal Rental Increase Potential with little to no capex needed! 2131 Marlboro Ct The Property is an 11-unit multifamily asset in the heart of San Jose, California. The property consists of well-maintained rental units with 6,972 rentable square feet, averaging approximately 634 square feet per unit. Built in 1957, this property has been substantially renovated and programmatically improved resulting in little/no deferred maintenance. The property achieves strong in-place rents of $1,863 per unit, or $2.94 per square foot, supported by robust market fundamentals and a high-demand rental environment. This presents a compelling opportunity for investors to acquire a stable, income-generating asset in a thriving market. Additional value-add upside can be achieved through programmatic renovations in all 10 units. The units are currently lightly upgraded and have been well-maintained but rents can continue to be increased with additional unit improvements.
Listed by Jefrey Henderson
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License #01483399
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Jefrey Henderson, Broker
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415-535-7414
Last updated July 18, 2025
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Source: MLSListings #ML82002455
Listing Facts
TypeMulti-family
NeighborhoodHamann Park
Days on Prevu149
Size5,757 sqft
Price per sqft$547
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
07/08/2025
Price Decreased
$3,150,000
04/14/2025
Listed by Jefrey Henderson, Broker
$3,225,000
Property Details for Marlboro
Association
General
Number Of Units In Community: 11
Exterior
Construction
Roof: Flat
Year Built: 1957
Measurements
Building Area Total: 5,757
Lot Size Acres: 0.22
Lot Size Area: 9,600
Lot Size Square Feet: 9,600
Financial
Taxes
Parcel Number: 282-32-024
Interior
Measurements
Living Area: 5,757
Parking
Parking
Carport: Yes
Parking Features: Assigned Spaces
Parking Total: 4
Schools
Elementary School
Elementary School District: Campbell Union Elementary
High School
High School District: Campbell Union High
Utilities
Equipment
Cooling: Central Forced Air
Heating: Central Forced Air
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.