Off Market Aug 2023 for $1.6M

—

Est. refi paymentEst. refi $10,651/mo

•

2,992

sq ft

322 Dempsey Rd, Milpitas, CA 95035

About this home

322 Dempsey Road presents buyers with an outstanding opportunity to acquire a fourplex investment property. Situated on an approximate 0.1759 acre lot, the offering features an excellent unit mix featuring (4) two-bedroom/one-bath units, each offers an approximate 748 square-feet of living space. This property can also be purchased along with three more fourplexes on separate but contiguous parcels located at 310, 334 and 346 Dempsey Road. Sometimes described as the "Crossroads of Silicon Valley", Milpitas is centrally located within Silicon Valley and the greater Bay Area. Milpitas provides residents with an excellent quality of life featuring great schools, many well maintained local parks and an abundance of shopping centers and places to socialize. The property's excellent location places it in close proximity to 237, 680 and 880 freeways entrances, Milpitas BART and VTA Light Rail stations.

Multi-familyProperty Type

1963Year Built

7,662 sq ftLot Size

$551Price/Sq.Ft.

Listed by Chris Saiz •DRE #01850380 • Compass

Contact: 408-887-8106

Bought with Christine Nguyen •DRE #01426133 • 3C Realty

Redfin checked: 3 minutes ago

•Source:MLSListings #ML81935772

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 95035, CA

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

103.1%

0.9% MoM

Median sale price

$1.3M

$7K MoM

Avg. days on market

15d

1 days MoM

Recently sold homes

131

7 MoM

New listings for sale

OPEN TODAY, 1:30PM TO 4:30PM
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3 beds2 baths1,951 sq ft
1339 Nestwood, Milpitas, CA 95035
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1325 Lilac Way, Milpitas, CA 95035
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1321 Lilac Way, Milpitas, CA 95035
NEW 13 HRS AGO
$1,258,976
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1317 Lilac Way, Milpitas, CA 95035
OPEN TODAY, 12PM TO 7PM
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4 beds3 baths1,822 sq ft
1821 Burley Dr, Milpitas, CA 95035
(415) 841-3886
OPEN TODAY, 11AM TO 4PM
$1,219,703
3 beds3 baths1,537 sq ft
612 Chamise Way, Milpitas, CA 95035
OPEN TODAY, 1PM TO 5PM
$1,049,888
3 beds3.5 baths1,404 sq ft
831 Heavenly Pl, Milpitas, CA 95035
OPEN TODAY, 1PM TO 5PM
$1,680,000
4 beds3 baths1,846 sq ft
1683 Rocky Mountain Ave, Milpitas, CA 95035
See all

Provided by Redfin

Sale history for 322 Dempsey Rd

Date

Event

Price

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81935772

Aug 18, 2023

Sold

$1,650,000

$551/sq ft

Aug 18, 2023

Sold

$1,650,000

$551/sq ft

Aug 11, 2023

Pending

—

Jul 21, 2023

Listed

$1,650,000

$551/sq ft

Jul 21, 2023

Listed

$1,650,000

$551/sq ft

Public Records

Sep 15, 1988

Sold

$307,000

$103/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$19,626 (+2.3%)

$1,144,440 + $572,220

$1,716,660

2024

$19,190 (+183.5%)

$1,122,000 + $561,000

$1,683,000

2023

$6,769 (+0.4%)

$1,100,000 + $550,000

$1,650,000

2022

$6,743 (+1.5%)

$180,354 + $373,355

$553,709

2021

$6,647 (+1.7%)

$176,818 + $366,035

$542,853

2020

$6,533 (+1.1%)

$173,351 + $358,858

$532,209

2019

$6,461 (+5.2%)

$171,574 + $355,179

$526,753

2018

$6,142 (+1.3%)

$168,210 + $348,215

$516,425

2017

$6,065 (+4.2%)

$161,679 + $334,695

$496,374

2016

$5,821 (+1.0%)

$161,679 + $334,695

$496,374

2015

$5,764 (+2.8%)

$158,509 + $328,133

$486,642

2014

$5,606 (−0.4%)

$153,071 + $316,874

$469,945

2012

$5,629 (+6.2%)

$152,380 + $315,442

$467,822

2011

$5,299 (+1.2%)

$149,393 + $309,257

$458,650

2010

$5,234 (+1.3%)

$146,464 + $303,194

$449,658

2009

$5,166 (+3.5%)

$145,370 + $300,929

$446,299

2008

$4,993

$142,859 + $295,730

$438,589

Tax history for 322 Dempsey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$19,626 (+2.3%)

$1,144,440 + $572,220

$1,716,660

2024

$19,190 (+183.5%)

$1,122,000 + $561,000

$1,683,000

2023

$6,769 (+0.4%)

$1,100,000 + $550,000

$1,650,000

2022

$6,743 (+1.5%)

$180,354 + $373,355

$553,709

2021

$6,647 (+1.7%)

$176,818 + $366,035

$542,853

2020

$6,533 (+1.1%)

$173,351 + $358,858

$532,209

2019

$6,461 (+5.2%)

$171,574 + $355,179

$526,753

2018

$6,142 (+1.3%)

$168,210 + $348,215

$516,425

2017

$6,065 (+4.2%)

$161,679 + $334,695

$496,374

2016

$5,821 (+1.0%)

$161,679 + $334,695

$496,374

2015

$5,764 (+2.8%)

$158,509 + $328,133

$486,642

2014

$5,606 (−0.4%)

$153,071 + $316,874

$469,945

2012

$5,629 (+6.2%)

$152,380 + $315,442

$467,822

2011

$5,299 (+1.2%)

$149,393 + $309,257

$458,650

2010

$5,234 (+1.3%)

$146,464 + $303,194

$449,658

2009

$5,166 (+3.5%)

$145,370 + $300,929

$446,299

2008

$4,993

$142,859 + $295,730

$438,589

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

7,700 Sq. Ft.

Year renovated

1963

Sq. Ft.

2,992

Year built

1963

Style

Multi-Family (2-4 Unit)

County

Santa Clara County

APN

08803069

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 21, 2026.

Multi-Family High Density Residential Zone

The purpose and intent of this zone is to stabilize and protect the residential characteristics of the District and to promote, insofar as compatible with the intensity of land use, a suitable environment for family life.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Multiple units
Housing-Other
Planned unit development (pud)

Jun 1, 2011 • Final

Rme mechanical

Replace a wall heater and gas line at a residential building.

Gas

HVAC

Feb 3, 2011 • Final

Rmc residental misc

Repair damaged siding on a residential building.

Remodel

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Carport (Minimum): 4
Parking Description: Carport, Covered Parking

Interior

Heating & Cooling Information
Heating: Wall Furnace

Multi-Unit Information
# of Stories: 2
# of Units in Building (Total): 4
Annual Rental Income: $123,600
Annual Gross Income: $121,056
Gross Rent Multiplier: 13.22
Gross Scheduled Income: $123,600
Other Income: $1,200
Other Expenses: $22,832
Total Expenses: $42,565
Vacancy Factor: 3

Unit Type 1 Information
# of Bedrooms: 2
# of Baths (Full): 1
Approx Sq. Ft.: 748

Unit Type 2 Information
# of Bedrooms: 2
# of Baths (Full): 1
Approx Sq. Ft.: 748

Unit Type 3 Information
# of Bedrooms: 2
# of Baths (Full): 1
Approx Sq. Ft.: 748

Unit Type 4 Information
# of Bedrooms: 2
# of Baths (Full): 1
Approx Sq. Ft.: 748

Exterior

Exterior Features
Roof: Shingle

Building Information
# of Buildings: 1
Subclass: Fourplex
Concrete Perimeter

Property Features
Living Sq. Ft.: 2,992

Property Information
Property Primary ID: 699251
Tenant Expenses: Utilities (Electric), Utilities (Gas)

Lot Information
Lot Acres: 0.1759
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R3S

Financial

Tax/Assessment Information
Annual Tax Amount: $19,733

Utilities

Utility Information
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer (Public)
Utilities: Individual Electric Meters, Individual Gas Meters

Water Information
Water: Public

Location

School Information
Elementary School District: Milpitas Unified
High School District: Milpitas Unified

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,992
Stories: 2.0
Lot Size: 7,700 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1963
Year Renovated: 1963
County: Santa Clara County
APN: 08803069

Home facts updated by county records on Aug 21, 2026

Around this home

Schools

Alexander Rose Elementary School

Public K-6 • Assigned • 0.5mi

7/10

Rancho Milpitas Middle School

Public 7-8 • Assigned • 0.9mi

9/10

Milpitas High School

Public 9-12 • Assigned • 1.7mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

With inventory increasing and prices is becoming more stable,Milpitas housing market is moving towards balance. Buyers are seeing slightly stronger,Negotiating opportunities, while demands remains high for well priced move-in Reddy homes,Rising...
2 weeks ago • Milpitas
Gagan Singh
Redfin Premier agent
652 deals
Was this helpful?
The Milpitas housing market remains competitive, supported by its top-rated schools, Silicon Valley location, and convenient access to I-680, I-880, and Highway 237. Well-maintained homes in desirable neighborhoods continue to attract strong buyer...
3 weeks ago • Milpitas
Fifi Li
Redfin Premier agent
121 deals
Was this helpful?
Milpitas’ summer market offers balanced opportunities. A seasonal rise in inventory gives buyers more leverage to negotiate, especially on townhomes or properties needing cosmetic updates. However, pristine, turnkey homes still face intense...
2 months ago • Milpitas
Johnny Singh
Redfin Premier agent
146 deals
Was this helpful?
Milpitas continues to be a highly desirable South Bay market, fueled by its proximity to major tech employers, BART, and excellent commuter access. but success today depends less on market timing and more on smart pricing, strategic marketing,...
2 months ago • Milpitas
Khyati Karia
Redfin Premier agent
66 deals
Was this helpful?
Milpitas remains a resilient South Bay market, with increased inventory creating more opportunity for buyers while demand stays solid for well-located homes. Buyers benefit from selection and leverage, while sellers achieve results through precise...
2 months ago • Milpitas
Annu Lakhat
Redfin Premier agent
60 deals
Was this helpful?

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

0.93% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 93° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

8/10 Air Factor

14 unhealthy days expected this year, 16 days in 30 years

Provided by First Street

Historical weather

Milpitas, CA • 95035

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.4 hours in June and 4.8 hours in December, placing it above the U.S. average for solar exposure.

11.4 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

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Home values near 322 Dempsey Rd

Data from public records.

Address	Redfin Estimate
334 Dempsey Rd, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	—
1109 Shirley Dr, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	$1,663,116

Address	Redfin Estimate
346 Dempsey Rd Apartment 4, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	$1,834,151
1129 Edsel Dr Apartment 1, Milpitas, CA - Beds \| - Baths \| 4332 Sq. Ft.	—

Address	Redfin Estimate
310 Dempsey Rd Apartment 4, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	—
1124 Shirley Dr, Milpitas, CA - Beds \| - Baths \| 2992 Sq. Ft.	$1,718,555

Property information provided by MLSListings when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 95035, CA

Sale history for 322 Dempsey Rd

Tax history for 322 Dempsey Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 95035

Home values near 322 Dempsey Rd

More real estate resources