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106 N 5th Street, San Jose, California 95112, San Jose, - bed, bath

home-pic
ACTIVE$2,950,000
106 N 5th Street, San Jose, California 95112
0Bed
0Bath
3,920Sqft
3,920Lot
Year Built
1903
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014705
Home ConditionExcellent
Features
View-

About this home

Welcome to 106 N 5th Street, a beautifully remodeled victorian home in downtown San Jose. Built in 1903 and now fully updated, this 3,920 sqft property offers 11 units, with a total of 11 bedrooms and 7 bathrooms, ideal for multi-family living or investment. A key feature is its conditional use permit, allowing it to function as either a residential or commercial apartment, offering unique flexibility for investors or entrepreneurs. The home blends modern amenities with classic charm, featuring a separate family room, elegant dining area, and multiple cozy fireplaces. Central AC ensures year-round comfort, and the sturdy updated concrete foundation adds peace of mind. Located on a quaint 0.09-acre lot, you're in the heart of all the best that San Jose has to offer, including top schools like Horace Mann Elementary and San Jose High Academy. Don't miss this rare opportunity to own a piece of San Jose history, reimagined for contemporary living.

Nearby schools

4/10
Horace Mann Elementary School
Public,•K-5•0.1mi
2/10
Grant Elementary School
Public,•K-5•0.8mi
3/10
Lowell Elementary School
Public,•K-5•0.9mi
2/10
Selma Olinder Elementary School
Public,•K-5•1.1mi
4/10
Empire Gardens Elementary School
Public,•K-5•1.2mi
4/10
Washington Elementary School
Public,•K-5•1.3mi
4/10
Gardner Elementary School
Public,•K-5•1.4mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.2mi
4/10
Peter Burnett Middle School
Public,•6-8•1.2mi
3/10
Herbert Hoover Middle School
Public,•6-8•2.0mi
5/10
Willow Glen Middle School
Public,•6-8•3.4mi
6/10
Orchard Elementary School
Public,•K-8•3.4mi
3/10
San Jose High School
Public,•9-12•1.1mi
5/10
Abraham Lincoln High School
Public,•9-12•2.1mi
6/10
Independence High School
Public,•9-12•2.5mi
6/10
Willow Glen High School
Public,•9-12•3.4mi

Price History

Date
Event
Price
07/15/25
Listing
$2,950,000
Condition Rating
Excellent
This Victorian home, built in 1903, has been 'beautifully remodeled' and 'fully updated' as stated in the description, which is strongly supported by the images. The bathrooms feature modern vanities, new tiling, and fixtures, appearing virtually new. General living areas showcase fresh paint, new laminate/vinyl plank flooring, and new carpeting. While the kitchenettes are basic in design and appliance offerings (small range, sink, limited cabinetry), they are new, clean, and functional for a multi-unit property, meeting current quality standards for their intended purpose. The exterior is well-maintained, and the property boasts central AC and an updated concrete foundation, indicating a comprehensive renovation with no deferred maintenance.
Pros & Cons

Pros

Exceptional Investment Versatility: The conditional use permit allows for both residential and commercial apartment use, offering unparalleled flexibility for investors or entrepreneurs.
Historic Charm with Modern Upgrades: A beautifully remodeled 1903 Victorian home that retains classic appeal while boasting full updates, central AC, and a sturdy concrete foundation.
High Income Potential: With 11 distinct units (11 beds, 7 baths) within 3,920 sqft, the property is ideally configured for multi-family living or investment, suggesting significant rental income.
Prime Downtown San Jose Location: Situated in the vibrant heart of downtown San Jose, providing residents with immediate access to urban amenities, employment centers, and cultural attractions.
Turnkey Condition for an Older Home: Described as 'fully updated' with central AC and an updated concrete foundation, mitigating common concerns associated with historic properties.

Cons

Limited Lot Size: The 0.09-acre lot (3,920 sqft) is relatively small, especially for an 11-unit property, potentially limiting outdoor space, parking, and future expansion.
Potential for Small Unit Sizes: Given 11 units within 3,920 sqft, individual unit sizes are likely compact, which might narrow the tenant pool or impact achievable rental rates per unit.
Ongoing Maintenance of Historic Features: Despite updates, a 1903 Victorian home with 'multiple cozy fireplaces' may still require specialized and potentially higher ongoing maintenance compared to newer construction.

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