Back on the market! Fully rented 4-unit investment opportunity with upside potential. This well-maintained building is a great addition to any investors portfolio, including the 4-plex next door -- offering consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights:
** Unit Configuration - Four 2-bed/1-bath unitsideal for owner-occupiers or investors
** Well-Maintained Community - Privately run HOA ensures clean, well-kept grounds; assigned carports plus extra parking; shared laundry facility; tenant-enjoyed balconies/patios
** Prime Convenience - Close to major employers, shopping, dining, schools, churches, and public transitperfect for families and high occupancy rates
** Value-Add Potential - Some units need cosmetic upgrades, presenting an opportunity to raise rents and boost profitability
** This property is a solid investment for seasoned investors or first-time buyers entering the multi-family market.
For sale
Price cut: $80K (12/31)
$1,588,000
464 Lewis Rd, San Jose, CA 95111
8beds
4baths
3,328sqft
Est.:
Quadruplex, Residential Income
Built in 1962
-- sqft lot
$-- Zestimate®
$477/sqft
$1,288/mo HOA
What's special
Extra parkingWell-kept groundsWell-maintained buildingAssigned carports
- 393 days |
- 327 |
- 9 |
Zillow last checked: 9 hours ago
Listing updated: February 09, 2026 at 02:38am
Listed by:
Melinda Collins 01178494 408-854-0828,
NextHome Axis Realty 408-854-0828
Source: MLSListings Inc,MLS#: ML81991389
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Washer/Dryer
- Laundry: Coin Operated
Features
- Doors: None
Interior area
- Total structure area: 3,328
- Total interior livable area: 3,328 sqft
Property
Parking
- Total spaces: 4
- Parking features: Covered
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 9,945 Square Feet
Details
- Parcel number: 49727006
- Zoning: R3H
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1962
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $1,288 monthly
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $477/sqft
- Tax assessed value: $878,953
- Annual tax amount: $6,457
- Date on market: 1/22/2025
- Listing agreement: ExclusiveAgency
- Inclusions: Building, Land, OvenRangeAllUnits
- Lease term: 12 Months
Estimated market value
Not available
Estimated sales range
Not available
$2,802/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Price change | $1,588,000-4.8%$477/sqft |
Source:  MLSListings Inc #ML81991389 Report a problem | ||
| 12/11/2025 | Price change | $1,668,000-1.2%$501/sqft |
Source: MLSListings Inc #ML81991389 Report a problem | ||
| 9/10/2025 | Price change | $1,688,000-2.9%$507/sqft |
Source: MLSListings Inc #ML81991389 Report a problem | ||
| 8/7/2025 | Price change | $1,738,000-2.4%$522/sqft |
Source: MLSListings Inc #ML81991389 Report a problem | ||
| 1/23/2025 | Listed for sale | $1,780,000+374.7%$535/sqft |
Source: MLSListings Inc #ML81991389 Report a problem | ||
| 2/17/2021 | Sold | $375,000-76.5%$113/sqft |
Source: Public Record Report a problem | ||
| 10/15/2020 | Listing removed | $1,595,000$479/sqft |
Source: Songs Realty & Inv Co #ML81804424 Report a problem | ||
| 8/5/2020 | Listed for sale | $1,595,000$479/sqft |
Source: Songs Realty & Inv Co #ML81804424 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,544 +3.3% | $878,953 +2% |
| 2024 | $13,111 +1.5% | $861,720 +2% |
| 2023 | $12,915 +2% | $844,824 +2% |
| 2022 | $12,660 +31% | $828,260 +40.8% |
| 2021 | $9,661 +10.5% | $588,125 +11.3% |
| 2020 | $8,742 | $528,490 +2% |
| 2019 | $8,742 +4% | $518,129 +2% |
| 2018 | $8,403 | $507,970 +2% |
| 2017 | $8,403 +1.4% | $498,011 +2% |
| 2016 | $8,291 +7.9% | $488,247 +1.5% |
| 2015 | $7,686 +3.4% | $480,914 +2% |
| 2014 | $7,432 | $471,494 +0.5% |
| 2013 | -- | $469,364 +2% |
| 2012 | -- | $460,161 +2% |
| 2011 | -- | $451,140 +0.8% |
| 2010 | -- | $447,769 -0.2% |
| 2009 | -- | $448,834 +2% |
| 2008 | -- | $440,035 +2% |
| 2007 | -- | $431,408 +2% |
| 2006 | -- | $422,950 +2% |
| 2005 | -- | $414,658 +2% |
| 2004 | -- | $406,528 +1.9% |
| 2003 | -- | $399,079 +2% |
| 2002 | -- | $391,255 +2% |
| 2001 | -- | $383,584 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,429/mo
Principal & interest
$7566
Property taxes
$1575
HOA Fees
$1288
Climate risks
Neighborhood: Fairgrounds
Nearby schools
GreatSchools rating
- 2/10Captain Jason M. Dahl Elementary SchoolGrades: K-6Distance: 0.6 mi
- 3/10Sylvandale Middle SchoolGrades: 7-8Distance: 1 mi
- 5/10Andrew P. Hill High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: FranklinMcKinleyElementary
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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