Forestdale Ave Apartments Portfolio 2 Multifamily Properties Offered at $5,195,000 in San Jose, CA

723, 729, 743 & 749 Forestdale Avenue presents a rare opportunity to acquire a 20-unit multifamily portfolio in one of San Jose’s most consistently strong rental markets. Offered as four apartment buildings sold together, the portfolio provides immediate scale, stable operations, and compelling long-term upside in a supply-constrained Silicon Valley corridor.
The portfolio is arranged in two adjacent building pairs—723 & 729 and 743 & 749 Forestdale Avenue—separated by a single non-portfolio building, allowing an investor the option to operate the asset as a single portfolio or potentially split it into two paired investments over time.
Occupancy across the portfolio is approximately 95%, with one vacant unit offering an immediate opportunity to lease at current market rent. Approximately 85% of the units are month-to-month, with remaining leases expiring by March 2026, providing a clear and near-term path to implement market-driven rent increases.
At the offering price, the Forestdale Avenue Portfolio provides investors with the opportunity to acquire a well-located San Jose multifamily asset at a compelling basis relative to stabilized performance, offering both current income and meaningful upside through rent growth, operational improvements, and long-term strategic optionality.