Home | Santa Clara County | San Jose | 95112 | 132 E Reed St
MLS: ML82038150 | Status: | Price: $1,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,940 | 6,027 | 1955 |
Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential.Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available.
| Field | Value |
|---|---|
| MLS # | ML82038150 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 39 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Gas |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Site Parking, Garage: 0 Car(s) |
| Elementary District | San Jose Unified |
| High School District | San Jose Unified |
| Water | Public |
| Zoning | C3 |
Jim Meech
James Meech, Broker
License #: 01145137
Phone: (408) 718-3116
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | 8 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 2 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 3 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 4 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 5 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 6 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 7 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
| 8 | 480 | 1 | 1/0 | $1,150 | $1,365 | 8 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1424 Carnelian Dr | $1,350,000 | – | – | 3,214 | Active |
| 173 Clayton Ave | $1,549,888 | – | – | 2,525 | Active |
| 855 Jeanne Ave | $1,388,888 | – | – | 2,815 | Active |
| 760-762 S 9th St | $1,650,000 | – | – | 2,320 | Active |
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This listing information is up-to-date as of April 22, 2026. For the most current information, please contact Jim Meech, (408) 718-3116.