Welcome to 309 N 5th St in Downtown San Jose, a fully occupied fourplex offering 2,532 sq ft of living space on a 6,900 sq ft lot and positioned perfectly for your next investment opportunity. The building includes two well-sized one-bedroom, one-bath units and two efficient studio units, all occupied by consistent, reliable tenantsideal for a first-time investor, seasoned owner, or 1031 exchange buyer seeking stability with upside potential. Situated in the heart of the Hensley neighborhood, the property provides easy access to restaurants, Japantown, San Jose State University, parks, and major transit. Nearby schools include Grant Elementary, Muwekma Ohlone Middle, and San Jose High, and the location remains a strong rental draw with major employers and the surrounding downtown just minutes away. With steady cash flow and the continued redevelopment of San Joses urban core, 309 N 5th St presents a compelling opportunity for long-term growth and income.
For sale
$1,200,000
309 N 5th St, San Jose, CA 95112
--beds
--baths
2,532sqft
Est.:
Quadruplex, Residential Income
Built in 1902
-- sqft lot
$1,156,700 Zestimate®
$474/sqft
$-- HOA
What's special
Two efficient studio units
- 17 days |
- 788 |
- 40 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 05:46am
Listed by:
Andy Meunier 01933603 408-306-4841,
Coldwell Banker Realty 408-252-1133,
Ben Meunier 02230055 408-250-8262,
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML82028187
Tour with a local agent
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Electric Oven/Range, Gas Oven/Range
Features
- Doors: None
Interior area
- Total structure area: 2,532
- Total interior livable area: 2,532 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 6,900 Square Feet
Details
- Parcel number: 24946057
- Zoning: R4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1902
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $474/sqft
- Tax assessed value: $801,233
- Annual tax amount: $14,551
- Date on market: 11/23/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: DishwasherSomeUnits
- Lease term: Month To Month
Estimated market value
$1,156,700
$1.10M - $1.21M
$3,381/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/23/2025 | Listed for sale | $1,200,000+471.4%$474/sqft |
Source: | ||
| 4/17/2007 | Sold | $210,000$83/sqft |
Source: Public Record Report a problem | ||
| 4/27/1994 | Sold | $210,000$83/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,863 +2.7% | $801,233 +2% |
| 2023 | $13,493 +1.2% | $785,524 +2% |
| 2022 | $13,331 +3.4% | $770,123 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,460/mo
Principal & interest
$5830
Property taxes
$1210
Home insurance
$420
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 2/10Grant Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Muwekma Ohlone MiddleGrades: 6-8Distance: 0.9 mi
- 5/10San Jose High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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