106 N 31st Street, San Jose, California 95116, San Jose, 95116 - 3 bed, 2 bath
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106 N 31st Street
San Jose, California 95116
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,040Sq Ft
4,725Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$976,238
SUMMARY
This property presents a Prime Investment Opportunity with a List Price of $950,000—positioned well below the $976,238 Fair Market Value by 2%. This valuation gap offers $26,238 in Instant Equity. Featuring a 4/10 Condition Rating, the home requires modernization, yet its 2,040 sqft layout and upper-level suite with kitchenette provide significant Value-Add potential for rental income or multigenerational living. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through renovation in a central San Jose location.
Estimated Market Value
$976,238
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 106 N 31st Street Subject 3 bd · 2 ba · 2,040 sqft · $479 | $950,000* List Price | 3 | 2 | 2,040 | $479 | - |
A 257 Rayos Del Sol Drive Sold 4 bd · 4 ba · 2,196 sqft · $442 · 0.5 mi | $970,000 | 4 | 4 | 2,196 | $442 | 0.5 mi |
B 353 West Court Active 3 bd · 2 ba · 1,603 sqft · $561 · 0.5 mi | $899,888 List Price | 3 | 2 | 1,603 | $561 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1926 and described as being in 'original condition,' this property is significantly dated, exceeding the 20-30 year threshold for modern updates. While well-maintained and livable, the kitchen, bathrooms, and core systems require modernization to meet current standards, making it a 'blank canvas' for renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Living Layout
The unique floor plan features an upper-level suite with a kitchenette and private entrance, offering excellent potential for multigenerational living or rental income.
- Generous Interior Space
With 2,040 square feet of living space, this residence provides a significantly larger footprint than many standard three-bedroom homes in the neighborhood.
- Prime Corner Lot
Situated on a desirable corner lot in the established Little Portugal area, the property offers enhanced privacy, natural light, and a detached two-car garage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Original Condition
The home is maintained in its original 1926 condition, necessitating a significant investment for modern renovations and aesthetic updates.
- Dated Infrastructure
Due to the property's age, buyers should expect the need for potential upgrades to major systems like electrical, plumbing, and insulation to meet current standards.
About 106 N 31st Street
Charming Little Portugal home with a versatile layout and plenty of potential! This charming corner-lot home offers 3 bedrooms & 2 bathrooms with a unique and flexible floor plan. Two bedrooms and a full bath are located on the lower level, while the upper-level bedroom features a full bathroom, kitchenette and private access ideal for guests, multigenerational living, a home office, or potential income-producing use. Well maintained in its original condition, the home provides a wonderful blank canvas for those looking to renovate and make it their own. Additional highlights include a detached 2-car garage, established neighborhood, and convenient access to shopping, dining, transportation, and central San Jose.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 4,725 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,040 | 1,721.238 |
| Lot Size | 4,725 | 6,271.145 |
| Price | $950.0K | $1.67M |
| Price per sq ft | $466 | $972 |
| Built year | 1926 | 1965 |
| HOA | $0 | $190 |
| Days on market | 44 | 38 |
Pricing History
Listed for Sale
Sep 10, 2026
$950,000
Initial Listing