Sold on may 2026

$2,450,000

•

4,386

sq ft

128 E Reed St, San Jose, CA 95112

About this home

Marcus & Millichap is pleased to present 128 E. Reed Street, a well-maintained six-unit multifamily investment located near San Jose State University in the SUN neighborhood. Construction was completed in 1980, and as such, the property is not subject to the City of San Joses rent control ordinance, providing an owner with greater flexibility in rent growth. The property has been thoughtfully updated and showcases a clean, modern aesthetic, with fresh exterior paint, pitched rooflines, and double-pane windows throughout. The property offers a secured, gated entry and a finished parking courtyard with interlocking pavers. The parking configuration includes ten on-site spaces, with seven open stalls and three covered spaces. All units have been fully renovated with modern finishes, and three of the six units feature in-unit laundry, further enhancing tenant appeal.

Multi-familyProperty Type

1980Year Built

8,833 sq ftLot Size

$559Price/Sq.Ft.

6 spacesParking

Listed by Jimmy Castellanos •DRE #02024152 • Marcus & Millichap

Contact: 408-483-5040

Bought with Jermin Jojo •DRE #02128278 • Real Brokerage Technologies

Redfin checked: 2 minutes ago

•Source:MLSListings #ML82034411

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 95112, CA

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

100.9%

1.2% MoM

Median sale price

$1,000K

$50K MoM

Avg. days on market

20d

1 days MoM

Recently sold homes

13 MoM

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See all

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Sale and tax history for 128 E Reed St

Sale History
Tax History

Date

Event

Price

MLSListings #ML82034411

May 14, 2026

Sold

$2,450,000

$559/sq ft

Apr 28, 2026

Pending

—

Apr 24, 2026

Pending

—

Apr 24, 2026

Contingent

—

Mar 13, 2026

Price Changed

$2,475,000

$564/sq ft

Feb 10, 2026

Listed

$2,575,000

$587/sq ft

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81214344

Feb 10, 2026

Listing Removed

—

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML80725602

Feb 10, 2026

Listing Removed

—

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML80925043

Feb 10, 2026

Listing Removed

—

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81202784

Feb 10, 2026

Listing Removed

—

APPFOLIO #1

Jan 3, 2024

Rental Removed

$2,795

$1/sq ft

Dec 13, 2023

Listed for Rent

$2,795

$1/sq ft

MLSListings #ML80312148

May 23, 2003

Sold

$865,000

$197/sq ft

May 5, 2003

Listing Removed

—

Feb 28, 2003

Listed

$875,000

$199/sq ft

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Santa Clara County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 3, 2024.

Downtown Primary Commercial District

Located within the downtown area bounded by Julian Street; properties fronting both sides of North Fourth Street; East St. John Street; 7th Street; East San Fernando Street; South 4th Street; Interstate 280; the Union Pacific Railroad line; Stockton Avenue; Taylor Street and Coleman Avenue; which area is sometimes referred to as the downtown zoning area.

Permitted uses

Include but are not limited to:

Gas station
Bank
Day care facility
General retail
Retail-Grocery
Restaurant
Bed & breakfast
Hotel / motel
Office
Research & development

Property details

Parking

Parking Information
Carport (Minimum): 3
Parking Description: Assigned Spaces
Parking Spaces: 6

Interior

Room Information
Kitchen Description: Countertop (Marble)

Interior Features
Laundry: Coin-Operated, Washer/Dryer (Some Units)
Flooring: Vinyl/Linoleum

Heating & Cooling Information
Cooling: Ceiling Fan, Central Forced Air
Heating: Central Forced Air

Multi-Unit Information
# of Units in Complex (Minimum): 6
Annual Rental Income: $183,360
Annual Gross Income: $178,732
Gross Rent Multiplier: 13.43
Gross Scheduled Income: $184,260
Other Income: $900
Other Expenses: $273
Total Expenses: $53,182
Vacancy Factor: 3

Unit Type 1 Information
# of Units (Total): 2
# of Baths (Full): 1
Approx Sq. Ft.: 500
Rent: $1,950

Unit Type 2 Information
# of Bedrooms: 2
# of Units (Total): 2
# of Baths (Full): 1
Approx Sq. Ft.: 850
Rent: $2,795

Unit Type 3 Information
# of Bedrooms: 2
# of Units (Total): 2
# of Baths (Full): 2
Approx Sq. Ft.: 900
Rent: $2,895

Exterior

Exterior Features
Roof: Composition, Shingle
Yard/Grounds: Backyard, Balcony/Patio, Courtyard, Fenced

Building Information
# of Buildings: 1
Subclass: 5+ Units
Construction Type: Wood Frame
Concrete Slab

Property Features
Living Sq. Ft.: 4,386
Security Features: Security Fence

Property Information
Property Primary ID: 425076
Tenant Expenses: Utilities (Electric), Utilities (Gas)

Land Information
Landscape Expense: $1,560

Lot Information
Lot Acres: 0.2
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R3

Financial

Tax/Assessment Information
Annual Tax Amount: $32,905
City Transfer Tax: Yes

Utilities

Utility Information
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer (Public)
Utilities: Individual Electric Meters, Individual Gas Meters
Trash Expense: $2,886
Utility Expenses: $7,758

Water Information
Water: Public

Location

HOA Information
HOA Amenities: Additional Storage, Community Security Gate

School Information
Elementary School: Gardner Elementary
Elementary School District: San Jose Unified
Middle School: Herbert Hoover Middle
High School: Abraham Lincoln High
High School District: San Jose Unified

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Santa Clara County
APN: —

Home facts updated by county records on Nov 3, 2024

Other

Miscellaneous Information
Incorporated: Yes

Around this home

Schools

Gardner Elementary School

Public K-5 • Assigned • 0.9mi

2/10

Herbert Hoover Middle School

Public 6-8 • Assigned • 2.4mi

4/10

Abraham Lincoln High School

Public 9-12 • Assigned • 2.3mi

7/10

Provided by GreatSchools

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Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 93° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

17 unhealthy days expected this year, 17 days in 30 years

Provided by First Street

Historical weather

San Jose, CA • 95112

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 11.2 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

11.2 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

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Home values near 128 E Reed St

Data from public records.

Address	Redfin Estimate
128 East Reed St Apartment 3, San Jose, CA - Beds \| - Baths \| 4386 Sq. Ft.	—
141 East Reed St, San Jose, CA 4 Beds \| 3 Baths \| 2280 Sq. Ft.	$971,123

Address	Redfin Estimate
133 East Reed St, San Jose, CA 7 Beds \| 3.5 Baths \| 2750 Sq. Ft.	$1,192,464
132 East Reed St, San Jose, CA 64 Beds \| 64 Baths \| 3940 Sq. Ft.	—

Address	Redfin Estimate
115 East Reed St, San Jose, CA - Beds \| - Baths \| 68766 Sq. Ft.	—
134 East Reed St, San Jose, CA - Beds \| - Baths \| 3894 Sq. Ft.	—

Property information provided by undefined .

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About this home

Redfin Estimate

Market trends in 95112, CA

Homeowner tools

Sale and tax history for 128 E Reed St

Public record

Property details

Around this home

Schools

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 95112

Home values near 128 E Reed St

More real estate resources