Log In/Sign Up
Your email has been sent.
1022 Vermont St 5 Unit Apartment Building $1,600,000 ($320,000/Unit) 5.56% Cap Rate San Jose, CA 95126
INVESTMENT HIGHLIGHTS
- Prime San Jose Location Near Santa Clara University, The Alameda, The Rose Garden, and Bellarmine College Preparatory
- Walkable To The Alameda, Offering Retail, Fine Dining, And Strong Employers
- First Time Offered For Sale Since 1985
- Mature Landscaping and Excellent Curb Appeal Attracting Quality Tenants
- Ideal One-Bedroom, Townhome-Style Floor Plans
- Call listing brokers for more information
EXECUTIVE SUMMARY
RECENT $500K Price Adjustment. The Castellanos Team is excited to present 1022 Vermont Street, a charming five-unit townhome-style apartment community ideally situated on the border of San Jose and Santa Clara. Built in 1965, the property spans 3,910 rentable square feet on a generous 7,500 square foot lot. Each of the five spacious one-bedroom, one-bathroom units is designed in a two-story townhome layout, offering tenants privacy and comfort. Every unit features its own private backyard patio, enhancing livability and tenant retention. The property also includes a dedicated laundry room and reserved covered parking under a detached carport. The exterior is thoughtfully landscaped, contributing to strong curb appeal and a welcoming residential atmosphere.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$129,516
|
$33.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$129,516
|
$33.12
|
| Taxes |
$26,663
|
$6.82
|
| Operating Expenses |
$19,582
|
$5.01
|
| Total Expenses |
$46,245
|
$11.83
|
| Net Operating Income |
$83,271
|
$21.30
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $129,516 |
| Annual Per SF | $33.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $129,516 |
| Annual Per SF | $33.12 |
| Taxes | |
|---|---|
| Annual | $26,663 |
| Annual Per SF | $6.82 |
| Operating Expenses | |
|---|---|
| Annual | $19,582 |
| Annual Per SF | $5.01 |
| Total Expenses | |
|---|---|
| Annual | $46,245 |
| Annual Per SF | $11.83 |
| Net Operating Income | |
|---|---|
| Annual | $83,271 |
| Annual Per SF | $21.30 |
PROPERTY FACTS
| Price | $1,600,000 | Apartment Style | Townhome |
| Price Per Unit | $320,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.56% | Building Size | 3,910 SF |
| Gross Rent Multiplier | 12.23 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 | ||
| Price | $1,600,000 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| Gross Rent Multiplier | 12.23 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,910 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Yard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $2,020 | - |
1 1
PROPERTY TAXES
| Parcel Number | 230-42-083 | Total Assessment | $577,482 |
| Land Assessment | $179,210 | Annual Taxes | $26,663 ($6.82/SF) |
| Improvements Assessment | $398,272 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
230-42-083
Land Assessment
$179,210
Improvements Assessment
$398,272
Total Assessment
$577,482
Annual Taxes
$26,663 ($6.82/SF)
Tax Year
2025
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1022 Vermont St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.