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

309 N 5th Street, San Jose, California 95112 home-pic-0
ACTIVE$1,200,000
309 N 5th Street, San Jose, California 95112
0Bed
0Bath
2,532Sqft
6,900Lot
Year Built
1902
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$474
HOA
-
Days on market
-
Sold On
-
MLS number
ML82028187
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(78th), sqft - 2532(89th), beds - undefined(50th), baths - undefined(50th).

Welcome to 309 N 5th St in Downtown San Jose, a fully occupied fourplex offering 2,532 sq ft of living space on a 6,900 sq ft lot and positioned perfectly for your next investment opportunity. The building includes two well-sized one-bedroom, one-bath units and two efficient studio units, all occupied by consistent, reliable tenantsideal for a first-time investor, seasoned owner, or 1031 exchange buyer seeking stability with upside potential. Situated in the heart of the Hensley neighborhood, the property provides easy access to restaurants, Japantown, San Jose State University, parks, and major transit. Nearby schools include Grant Elementary, Muwekma Ohlone Middle, and San Jose High, and the location remains a strong rental draw with major employers and the surrounding downtown just minutes away. With steady cash flow and the continued redevelopment of San Joses urban core, 309 N 5th St presents a compelling opportunity for long-term growth and income.

Nearby schools

4/10
Horace Mann Elementary School
Public,•K-5•0.3mi
2/10
Grant Elementary School
Public,•K-5•0.6mi
4/10
Empire Gardens Elementary School
Public,•K-5•1.1mi
3/10
Lowell Elementary School
Public,•K-5•1.1mi
2/10
Selma Olinder Elementary School
Public,•K-5•1.3mi
4/10
Gardner Elementary School
Public,•K-5•1.5mi
4/10
Washington Elementary School
Public,•K-5•1.5mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.1mi
4/10
Peter Burnett Middle School
Public,•6-8•0.9mi
3/10
Herbert Hoover Middle School
Public,•6-8•1.9mi
6/10
Orchard Elementary School
Public,•K-8•3.2mi
5/10
Willow Glen Middle School
Public,•6-8•3.6mi
3/10
San Jose High School
Public,•9-12•1.2mi
5/10
Abraham Lincoln High School
Public,•9-12•2.1mi
6/10
Independence High School
Public,•9-12•2.4mi
6/10
Willow Glen High School
Public,•9-12•3.5mi

Price History

Date
Event
Price
11/23/25
Listing
$1,200,000
04/17/07
Sold
$210,000
04/27/94
Sold
$210,000
Condition Rating
Poor
Built in 1902, this property features significantly outdated interiors, particularly in the kitchens and bathrooms. The kitchens have old, mismatched cabinets, basic laminate countertops, and dated appliances, with exposed ductwork in one unit. The bathrooms show very old fixtures, including a utility-style sink, indicating a lack of significant renovation for many decades. While the property is currently occupied, suggesting it's livable, it requires substantial repairs and rehabilitation to bring it to modern standards. Major systems are likely at or beyond their expected lifespan, necessitating significant investment.
Pros & Cons

Pros

Strong Investment Opportunity: A fully occupied fourplex (two 1-bed/1-bath, two studio units) provides immediate and steady cash flow, making it an attractive asset for various investor profiles, including first-time buyers or 1031 exchange candidates.
Prime Downtown Location: Situated in the heart of San Jose's Hensley neighborhood, offering excellent walkability and access to restaurants, Japantown, San Jose State University, parks, major transit, and key employers, ensuring robust rental demand.
Future Growth Potential: The property is positioned to benefit from the continued redevelopment of San Jose's urban core, suggesting significant upside potential for long-term appreciation and increased rental income.
Established Tenant Base: Currently occupied by 'consistent, reliable tenants,' which minimizes vacancy risk and provides stable income from the outset for a new owner.
Versatile Unit Mix: The combination of studio and one-bedroom units caters to a broad segment of the rental market, particularly students and young professionals seeking urban living.

Cons

Historic Property Age: Built in 1902, the property is over 120 years old, which typically implies higher ongoing maintenance costs, potential for outdated infrastructure, and a need for significant capital expenditures for system upgrades or renovations.
Potential for Outdated Interiors: Given its age, the units may feature outdated finishes, appliances, and fixtures, which could limit rental income potential or necessitate substantial renovation to attract premium tenants.
Lower-Rated Local Schools: Some nearby elementary schools, such as Grant Elementary and Selma Olinder Elementary, have lower ratings (2/10), which could be a minor consideration for families and potentially impact broader neighborhood desirability over time.

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