987 E William, San Jose, California 95116, San Jose, - bed, bath
ACTIVE UNDER CONTRACT$1,300,000
987 E William, San Jose, California 95116
0Bed
0Bath
2,734Sqft
3,800Lot
Year Built
1964
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
109 Days
Sold On
2025-11-14
MLS number
ML82007492
Home ConditionFair
Features
View-
About this home
Welcome to 987 East William Street located in the Olinder - Brookwood Terrace neighborhood of San Jose. This 3 Unit triplex style property offers a spacious 3 bedroom 2 bath 1,368 SF home on the ground floor. The second floor includes two 1 bedroom 1 bath units each consisting of approximately 683 SF for a total building SF of 2,734. Ample onsite parking plus additional parking on the street. Each unit is separately metered for utilities. All units are currently tenant occupied. Close to vibrant downtown San Jose, San Jose State University, William Street and Selma Olinder Parks. Great commute access to Highway 101, 280, 87 and downtown corridors including Diridon Station.
Price History
Date
Event
Price
07/28/25
Listing
$1,300,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,734 | 1,720 | 67% |
| Lot Size | 3,800 | 6,024 | 17% |
| Price | $1.3M | $1.3M | 50% |
| Price per square foot | $475 | $555.5 | 33% |
| Built year | 1964 | 9795981 | 83% |
| HOA | |||
| Days on market | 100 | 147 | 33% |
Condition Rating
Fair
The property was built in 1964, making it 60 years old. While the exterior appears to be maintained with functional windows and siding, it clearly shows its age and lacks modern aesthetic updates. There is no mention of recent extensive renovations in the description, and the images do not suggest any major upgrades. As a tenant-occupied triplex, it is presumed to be functional and livable, but major components are likely outdated. Without interior photos, it's impossible to assess the condition of the kitchen, bathrooms, appliances, or other interior features, but given the exterior and age, a 'Fair' rating is appropriate, indicating it's aged but maintained, likely requiring minor updates or showing signs of being outdated.
Pros & Cons
Pros
Income Potential: As a triplex with all units currently tenant-occupied, the property offers immediate and diversified rental income streams.
Strategic Location: Situated in San Jose's Olinder - Brookwood Terrace, it boasts excellent proximity to Downtown, SJSU, parks, and major freeways, ensuring strong tenant demand and future appreciation.
Operational Efficiency: Each unit is separately metered for utilities, significantly reducing landlord operating costs and simplifying property management.
Versatile Unit Mix: The configuration of a 3-bedroom unit and two 1-bedroom units caters to a broad tenant demographic, maximizing occupancy potential.
Parking Availability: Ample onsite and street parking is a valuable amenity in this urban location, enhancing tenant appeal.
Cons
Age of Property: Built in 1964, the property's age suggests potential for outdated systems and aesthetics, possibly requiring future capital expenditures for upgrades or renovations.
Limited Lot Size: The 3,800 sqft lot is relatively small for a triplex, potentially limiting outdoor amenity space or future expansion opportunities.
Extended Market Time: With 109 days on market, the property's extended listing period may indicate an aggressive price point or unaddressed condition concerns that could deter potential buyers.