Off Market Sep 2023 for $1.7M

$1,834,151

Est. refi paymentEst. refi $4,011/mo

•

2,992

sq ft

346 Dempsey Rd, Milpitas, CA 95035

About this home

346 Dempsey Road presents buyers with an outstanding opportunity to acquire a fourplex investment property. Situated on an approximate 0.1923 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, 322 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

8,375 sq ftLot Size

$613Est. Price/Sq.Ft.

Listed by Chris Saiz •DRE #01850380 • Compass

Contact: 408-887-8106

Bought with Valerie Smith •DRE #01808822 • Compass

Redfin checked: 2 minutes ago

•Source:MLSListings #ML81938498

Redfin Estimate

$1,834,151

$134K since sold in September 2023$29K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.2% higher than the average sale price ($1.76M) of 6 comparable homes.

SOLD AUG 25, 2026
$2,050,000
A
4 beds2.5 baths2,001 sq ft
243 S Park Victoria Dr, Milpitas, CA 95035
SOLD JUN 29, 2026
$1,700,000
B
5 beds2.5 baths2,645 sq ft
1394 Glacier Dr, Milpitas, CA 95035
SOLD APR 30, 2026
$1,730,000
C
5 beds4 baths2,219 sq ft
395 Fanyon St, Milpitas, CA 95035
SOLD JUL 27, 2026
$1,620,000
D
4 beds2 baths1,549 sq ft
1323 Canton Dr, Milpitas, CA 95035
SOLD MAY 29, 2026
$1,460,000
E
5 beds4 baths1,591 sq ft
3023 Postwood Dr, San Jose, CA 95132
SOLD JUL 3, 2026
$2,000,000
F
8 beds5 baths2,616 sq ft
3592 Minto Ct, San Jose, CA 95132

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Earn from this home

Sell

$450,858

Est. take-home

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Est. cash available

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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

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3 beds2 baths1,951 sq ft
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3 beds2.5 baths1,528 sq ft
2063 Calle Mesa Alta, Milpitas, CA 95035
EARLY ACCESS
$1,800,000
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OPEN TODAY, 11AM TO 4PM
$1,349,436
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1325 Lilac Way, Milpitas, CA 95035
OPEN TODAY, 11AM TO 4PM
$1,264,879
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1321 Lilac Way, Milpitas, CA 95035
NEW 19 HRS AGO
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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 346 Dempsey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$20,207 (+2.3%)

$1,300,500 + $468,180

$1,768,680

2024

$19,761 (+191.9%)

$1,275,000 + $459,000

$1,734,000

2023

$6,769 (+0.4%)

$1,250,000 + $450,000

$1,700,000

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 346 Dempsey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$20,207 (+2.3%)

$1,300,500 + $468,180

$1,768,680

2024

$19,761 (+191.9%)

$1,275,000 + $459,000

$1,734,000

2023

$6,769 (+0.4%)

$1,250,000 + $450,000

$1,700,000

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

8,690 Sq. Ft.

Year renovated

1963

Sq. Ft.

2,992

Year built

1963

Style

Multi-Family (2-4 Unit)

County

Santa Clara County

APN

08803067

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)

Jul 13, 2011 • Final

Rmc residental misc

Repair sheetrock that was previously removed from a residence.

Remodel

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: $124,200
Annual Gross Income: $121,638
Gross Rent Multiplier: 13.16
Gross Scheduled Income: $125,400
Other Income: $1,200
Other Expenses: $22,749
Total Expenses: $42,482
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: 699258
Tenant Expenses: Utilities (Electric), Utilities (Gas)

Lot Information
Lot Acres: 0.1923
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 Common Area, 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: 8,690 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1963
Year Renovated: 1963
County: Santa Clara County
APN: 08803067

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

Estimated sale price

$1.74M – $2.11M

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Home values near 346 Dempsey Rd

Data from public records.

Address	Redfin Estimate
334 Dempsey Road, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	—
1162 Edsel Drive, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	$1,841,141

Address	Redfin Estimate
310 Dempsey Road Unit 4, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	—
1188 Shirley Drive, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	$1,830,081

Address	Redfin Estimate
322 Dempsey Road, Milpitas, CA 8 Beds \| 4 Baths \| 2992 Sq. Ft.	—
1129 Edsel Drive Unit 1, Milpitas, CA - Beds \| - Baths \| 4332 Sq. Ft.	—

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

Earn from this home

Market trends in 95035, CA

Sale history for 346 Dempsey Rd

Tax history for 346 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 346 Dempsey Rd

More real estate resources