601 S 5th Street is now available - a rare multifamily asset offering steady income and growth potential in San Jose's thriving urban core. This impressive two-story income property sits just two blocks from SJSU, placing tenants in an unbeatable location surrounded by education, culture, dining, transit, and tech employment hubs.
Discover eight efficiently designed units: (1) 1 Bed / 2 Ba, (1) 1 Bed / 1 Ba, and (6) Studios, each with dedicated parking and access to a shared coin-op laundry room. With ~3,560 sq. ft. of rentable space on a 0.19-acre lot, the property's four-units-per-floor layout maximizes occupancy, privacy, and operational efficiency. Investors will also appreciate the potential for additional income through ADU, storage units, or unit modernization to elevate returns.
The fundamentals align: an excellent location, consistent tenant demand, and measurable upside. Current metrics indicate strong rental performance with a projected Cap Rate of 8.13 and GRM 8.78.
Walking distance from Downtown San Jose with easy connectivity to major highways (280, 87, 101) and global employers like Cisco, PayPal, Adobe, and Apple.
601 S 5th Street delivers what serious investors seek, reliable cash flow, low vacancy, and growth potential in a prime Silicon Valley corridor.
Listed by Ray Rodriguez
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License #01999734
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Compass
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650-405-0743
Listed by Tony Zizzo
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License #01962093
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Compass
Last updated October 24, 2025
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Source: MLSListings #ML82025799
Listing Facts
TypeMulti-family
NeighborhoodSouth Campus
Days on Prevu1
Size3,560 sqft
Price per sqft$476
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
10/23/2025
Listed by Compass
$1,695,000
Property Details for S 5th
Association
General
Number Of Units In Community: 8
Exterior
Construction
Roof: Flat, Shingle
Year Built: 1910
Measurements
Building Area Total: 3,560
Lot Size Acres: 0.18
Lot Size Area: 8,142
Lot Size Square Feet: 8,142
Financial
Taxes
Parcel Number: 472-27-039
Interior
Features
Flooring: Carpet, Tile, Vinyl/Linoleum
Measurements
Living Area: 3,560
Other
Features
Accessibility Features: Other
Parking
Parking
Carport: Yes
Parking Features: Assigned Spaces
Parking Total: 8
Schools
Elementary School
Elementary School District: San Jose Unified
High School
High School District: San Jose Unified
Utilities
Equipment
Cooling: Other
Heating: Other, Wall Furnace
Laundry Features: Coin Operated
Sewer: Private Sewer
Utilities: Public Utilities
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.
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