2985 Walgrove Way, San Jose, CA 95128

Local realty services provided by:ERA North Orange County Real Estate
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2985 Walgrove Way,San Jose, CA 95128
$1,950,000
  • - Beds
  • - Baths
  • 3,973 sq. ft.
  • Multi-family
  • Active
Listed by:michael shields
Office:siliconvalley multifamilygroup
MLS#:ML82018905
Source:CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$490.81

About this home

Turnkey fourplex in desirable West San Jose offers strong investment potential with a balanced unit mix: one 3BR/2BA, two 2BR/1.5BA, and one 1BR/1BA unit. The three larger units feature HVAC systems while the smaller unit has window A/C and a wall heater. Built in 1968, the 3,973 SF building sits on a 9,636 SF lot and includes 12 parking spaces (6 covered, 6 open) plus shared laundry generating approximately $250 monthly in additional income. The property generates $113,904 in annual gross income with a 3.48% cap rate and 16.68 gross rent multiplier. Located just 1.2 miles from Santana Row and 2 miles from Westfield Valley Fair, it offers excellent access to I-280, Highway 17, and San Tomas Expressway, plus proximity to top-rated schools within one mile. San Jose's tech-driven economy continues to support strong rental demand despite recent sector adjustments. With vacancy rates at just 3.8%, rent growth at 2.7%, and high home prices keeping buyers in the rental market, multifamily

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Home facts

  • Year built:1968
  • Listing Id #:ML82018905
  • Added:1 day(s) ago
  • Updated:August 22, 2025 at 06:35 AM

Rooms and interior

  • Living area:3,973 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Window Units
  • Heating:Forced Air, Wall Furnace

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1968
  • Building area:3,973 sq. ft.
  • Lot area:0.22 Acres

Schools

  • High school:Del Mar
  • Middle school:Monroe
  • Elementary school:Other

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$490.81
  • Tax amount:$25,472
Based on information from California Regional Multiple Listing Service, Inc. as of August 22, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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