139 E Julian St — Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95112

Photos

139 E Julian St — Sale in San Jose, CA, photo 1 of 2
139 E Julian St — Sale in San Jose, CA, photo 2 of 2

Investment Figures

Cap rate
6.20%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

139 E Julian Street, a 9-unit multifamily investment opportunity located in the heart of San Jose's historic Hensley Historic District.? Comprised of two buildings — a duplex and a seven-unit — the property totals 3,120 square feet on a 4,627 square foot lot, with a unit mix of eight studios and one spacious 1-bedroom, 1-bathroom residence.? Set on a tree-lined street in one of downtown San Jose's most distinctive residential enclaves, and just minutes from Japantown and the vibrancy of downtown San Jose, the property offers investors a stable investment supported by strong in-place rents in a market where offerings of this character rarely come available.? The property's efficient studio-heavy unit mix is well suited to the area's strong renter demand, offering an attractive combination of affordability, operational simplicity, and long-term occupancy potential.? As part of the nationally recognized Hensley Historic District, the property also offers architectural character and curb appeal that distinguish it from many comparable multifamily assets in the San Jose market — the kind of story-driven asset that resonates with buyers looking for something beyond a standard apartment building.? San Jose State University continues to serve as a major demand driver for the surrounding rental market, with enrollment reaching a record of nearly 40,000 students in Fall 2025 — an 8% increase from the prior year.? Located approximately one mile from campus and offering convenient access via VTA bus and light rail, 139 E.? Julian Street is strategically positioned to benefit from sustained demand for off-campus and workforce housing.? Combined with its strong in-place rents, desirable historic-district location, and efficient unit mix, the property presents a compelling opportunity for both private investors and 1031 exchange buyers seeking stable income in one of Silicon Valley's most supply-constrained submarkets.? Investment Highlights: • Strong In-Place Cap Rate • $175,555

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Jose, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in San Jose, CA