SOLD JUN 5, 2026

Sold on Jun 2026

$1,350,000

•

3,940

sq ft

132 E Reed St, San Jose, CA 95112

About this home

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.

Multi-familyProperty Type

1955Year Built

6,027 sq ftLot Size

$343Price/Sq.Ft.

8 spacesParking

Listed by Jim Meech •DRE #01145137 • James Meech, Broker

Contact: 408-718-3116

Bought with RECIP RECIP •DRE #00000000 • Out of Area Office

Redfin checked: a minute ago

•Source:MLSListings #ML82038150

Redfin Estimate

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

Market trends in 95112, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's 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 132 E Reed St

Sale History
Tax History

Date

Event

Price

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82038150

Jun 5, 2026

Sold

$1,350,000

$343/sq ft

Jun 5, 2026

Sold

$1,350,000

$343/sq ft

Jun 1, 2026

Pending

—

May 12, 2026

Pending

—

May 12, 2026

Contingent

—

May 11, 2026

Relisted

—

May 11, 2026

Relisted

—

May 4, 2026

Pending

—

May 4, 2026

Contingent

—

Apr 19, 2026

Price Changed

$1,500,000

$381/sq ft

Apr 19, 2026

Price Changed

$1,500,000

$381/sq ft

Mar 17, 2026

Relisted

—

Mar 17, 2026

Relisted

—

Mar 14, 2026

Pending

—

Mar 14, 2026

Contingent

—

Mar 11, 2026

Listed

$1,600,000

$406/sq ft

Mar 11, 2026

Listed

$1,600,000

$406/sq ft

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.

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML80916455

Mar 11, 2026

Listing Removed

—

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81120866

Sep 21, 2011

Sold

$845,000

$214/sq ft

Sep 21, 2011

Sold

$845,000

$214/sq ft

Jun 20, 2011

Pending

—

May 11, 2011

Listed

$875,000

$222/sq ft

May 11, 2011

Listed

$875,000

$222/sq ft

Public Records

Sep 1, 2006

Sold

$850,000

$216/sq ft

MLSListings #ML80602703

Sep 13, 2006

Listing Removed

—

Sep 13, 2006

Sold

$850,000

$216/sq ft

May 26, 2006

Sold

$850,000

$216/sq ft

Jan 17, 2006

Listed

$950,000

$241/sq ft

Jan 17, 2006

Listed

$950,000

$241/sq ft

Public Records

Mar 5, 1986

Sold

$350,000

$89/sq ft

Public Records

Jun 25, 1984

Sold

$179,700

$46/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$16,896 (+5.4%)

$384,347 + $698,236

$1,082,583

2024

$16,027 (+2.9%)

$376,811 + $684,546

$1,061,357

2023

$15,580 (+0.6%)

$369,423 + $671,124

$1,040,547

2022

$15,493 (+2.8%)

$362,180 + $657,965

$1,020,145

2021

$15,067 (+1.4%)

$355,079 + $645,064

$1,000,143

2020

$14,857 (+2.1%)

$348,117 + $632,416

$980,533

2019

$14,548 (+1.1%)

$344,548 + $625,932

$970,480

2018

$14,386 (+1.0%)

$337,793 + $613,659

$951,452

2017

$14,243 (+2.2%)

$324,677 + $589,831

$914,508

2016

$13,936 (+1.3%)

$324,677 + $589,831

$914,508

2015

$13,761 (+3.0%)

$318,311 + $578,266

$896,577

2014

$13,363 (+3.6%)

$307,389 + $558,423

$865,812

2012

$12,905 (−4.0%)

$306,000 + $555,900

$861,900

2011

$13,437 (+1.0%)

$300,000 + $545,000

$845,000

2010

$13,303 (+1.6%)

$444,443 + $444,443

$888,886

2009

$13,098 (+6.1%)

$441,122 + $441,122

$882,244

2008

$12,348

$433,500 + $433,500

$867,000

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

6,027 Sq. Ft.

Year renovated

1955

Sq. Ft.

3,940

Year built

1955

Style

Multi-Family (5+ Unit)

County

Santa Clara County

APN

47227056

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 21, 2026.

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
Parking Description: Off-Site Parking
Parking Spaces: 8

Interior

Room Information
Laundry Room, Storage

Heating & Cooling Information
Heating: Gas

Multi-Unit Information
# of Units in Complex (Minimum): 8
Annual Rental Income: $115,224
Annual Gross Income: $115,224
Gross Rent Multiplier: 13.02
Gross Scheduled Income: $115,224
Total Expenses: $70,106

Unit Type 1 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Approx Sq. Ft.: 480
Rent: $1,150

Unit Type 2 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Approx Sq. Ft.: 480
Rent: $1,150

Unit Type 3 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Approx Sq. Ft.: 480
Rent: $1,150

Unit Type 4 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Approx Sq. Ft.: 480
Rent: $1,150

Unit Type 5 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Approx Sq. Ft.: 480
Rent: $1,150

Unit Type 6 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Approx. Sq. Ft.: 480
Rent (Minimum): $1,150
Rent (Maximum): $1,365

Unit Type 7 Information
# of Bedrooms: 1
# of Baths (Full): 1
# of Units (Total): 8
Approx. Sq. Ft.: 480
Rent (Minimum): $1,150
Rent (Maximum): $1,365

Unit Type 8 Information
# of Bedrooms: 1
# of Baths (Full): 1
# of Units (Total): 8
Approx. Sq. Ft.: 480
Rent (Minimum): 1,150
Rent (Maximum): 1,365

Exterior

Exterior Features
Roof: Composition

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

Property Features
Living Sq. Ft.: 3,940
Special Features: Parking

Property Information
Ownership Type: Trust
Property Primary ID: 425020
Tenant Expenses: Utilities (Gas), Utilities (Heating)

Lot Information
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: C3

Financial

Tax/Assessment Information
Annual Tax Amount: $16,896

Utilities

Utility Information
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer Connected
Utilities: Public Utilities
Trash Expense: $3,600
Utility Expenses: $5,000

Water Information
Water: Public

Location

School Information
Elementary School District: San Jose Unified
High School District: San Jose Unified

Location Information
Near corner of S 4th and E. Reed Streets

Public facts

Beds: —
Baths: —
Sq. Ft.: 3,940
Stories: 2.0
Lot Size: 6,027 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1955
Year Renovated: 1955
County: Santa Clara County
APN: 47227056

Home facts updated by county records on Aug 21, 2026

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 • 2.4mi

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

80/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in San Jose. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.4 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

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Home values near 132 E Reed St

Data from public records.

Address	Redfin Estimate
128 East Reed St Apt 3, San Jose, CA - Beds \| - Baths \| 4386 Sq. Ft.	—
115 East Reed St, San Jose, CA - Beds \| - Baths \| 68766 Sq. Ft.	—

Address	Redfin Estimate
160 East Reed St, San Jose, CA - Beds \| - Baths \| 2023 Sq. Ft.	$870,435
141 East Reed St, San Jose, CA 4 Beds \| 3 Baths \| 2280 Sq. Ft.	$969,418

Address	Redfin Estimate
133 East Reed St, San Jose, CA 7 Beds \| 3.5 Baths \| 2750 Sq. Ft.	$1,194,229
134 East Reed St, San Jose, CA - Beds \| - Baths \| 3894 Sq. Ft.	—

Property information provided by MLSListings when last listed in 2026. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 95112, CA

Homeowner tools

Sale and tax history for 132 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 132 E Reed St

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