601 S 5th St 8 Unit Apartment Building $1,695,000 ($211,875/Unit) 7.35% Cap Rate San Jose, CA 95112

601 S 5th Street is now available — a rare multifamily asset offering steady income and growth potential in San Jose’s thriving urban core. Brought to market by The R&Z Group of Compass Commercial, this impressive two-story income property sits just two blocks from San Jose State University, placing tenants in an unbeatable location surrounded by education, culture, dining, transit, and tech employment hubs. 601 S 5th Street pairs tenant lifestyle appeal with increasing long-term income potential.
Inside, discover eight efficiently designed units: (1) 1 Bed / 2 Bath, (1) 1 Bed / 1 Bath, and (6) Studios — each with dedicated parking and access to a shared coin-op laundry room. With approximately 3,560 sq. ft. of rentable space on a 0.19-acre lot, the property’s four-units-per-floor layout maximizes occupancy, privacy, and operational efficiency. Investors will also appreciate the potential for additional income through ADU, storage units, or unit modernization to elevate returns.
The fundamentals align: an excellent location, consistent tenant demand, and measurable upside. Current metrics indicate strong rental performance with a projected Cap Rate of approximately 8.13 and GRM 8.78 — creating a compelling balance of stability and opportunity.
Walking distance from Downtown San Jose with easy connectivity to major highways (280, 87, 101) and global employers like Cisco, PayPal, Adobe, and Apple, this property ensures enduring demand and long-term appreciation.
601 S 5th Street delivers what serious investors seek — reliable cash flow, low vacancy, and growth potential in a prime Silicon Valley corridor. Contact The R&Z Group of Compass Commercial today to schedule a private tour — and secure your next high-performing asset.