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

422 N 5th Street, San Jose, California 95112 home-pic-0
ACTIVE$1,148,000
422 N 5th Street, San Jose, California 95112
0Bed
0Bath
2,268Sqft
7,448Lot
Year Built
1910
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
ML82028183
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(56th), sqft - 2268(89th), beds - undefined(50th), baths - undefined(50th).

422 North 5th Street sits in the heart of the Hensley District and offers a strong, practical unit mix with two 2 bed 1 bath units and one 1 bed 1 bath unit across roughly 2,268 square feet on a large 7,448 square foot lot. This triplex delivers steady tenants, solid rents, and the kind of stability both first time and seasoned investors look for. The location is surrounded by Downtown San Joses employment core including major corporate offices, government buildings, San Jose State University, and nearby medical centers which keeps rental demand consistently strong. With a sizable lot, reliable income, and the appeal of a walkable historic district, this property is a compelling addition to any portfolio. Request the full disclosure package today.

Nearby schools

2/10
Grant Elementary School
Public,•K-5•0.5mi
4/10
Peter Burnett Middle School
Public,•6-8•0.8mi
3/10
San Jose High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
11/23/25
Listing
$1,148,000
05/02/94
Sold
$164,000
Condition Rating
Poor
Built in 1910, this triplex shows significant age and deferred maintenance. The visible kitchens are extremely outdated with old cabinets, basic laminate countertops, and older appliances. Ceilings in multiple units feature acoustic tiles, and flooring is a mix of worn carpet, old vinyl, and basic laminate. The property analysis explicitly notes a 'high likelihood of requiring significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and modernization.' While currently livable and income-generating, it requires substantial rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Strong Unit Mix & Income: The triplex offers a practical unit mix (two 2-bed/1-bath, one 1-bed/1-bath) with established steady tenants and solid rents, ensuring reliable income generation for investors.
Exceptional Location & Demand: Situated in the heart of the Hensley District, the property benefits from its proximity to Downtown San Jose's employment core, including major corporate offices, San Jose State University, and medical centers, driving consistently strong rental demand.
Generous Lot Size: A sizable 7,448 square foot lot provides potential for future expansion, additional parking, or enhanced outdoor amenities, adding long-term value in an urban setting.
Historic District Appeal: Located within a walkable historic district, the property offers unique charm and desirability, potentially attracting a stable tenant base seeking character and a vibrant neighborhood.
Investment Stability: The property is highlighted as a stable investment with reliable income and strong market demand, making it a compelling addition for both first-time and seasoned investors.

Cons

Advanced Age of Property: Built in 1910, the property is over a century old, suggesting a high likelihood of requiring significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and modernization to meet current standards and tenant expectations.
Subpar School Ratings: The surrounding public schools (Grant Elementary 2/10, Peter Burnett Middle 4/10, San Jose High 3/10) exhibit low ratings, which could limit appeal to family-oriented tenants and potentially impact long-term property value appreciation.
Potential for Deferred Maintenance: While rents are solid, the description does not mention recent renovations or upgrades. Given its age, there is a strong possibility of deferred maintenance or the need for substantial investment to update interiors and infrastructure.

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