106 N 5th Street, San Jose, California 95112, San Jose, 95112 - 11 bed, 7 bath
ACTIVE$2,950,000
106 N 5th Street, San Jose, California 95112
11Beds
7Baths
3,920Sqft
3,920Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Versatility & Investment Potential: The property holds a conditional use permit, allowing it to function as either a residential or commercial apartment, offering unique flexibility and broad investment appeal.
Top Cons:
Limited Lot Size: The property sits on a quaint 0.09-acre lot (3,920 sqft), which is relatively small for an 11-unit building, potentially limiting outdoor space or future expansion.
Compared to the nearby listings
Price:$2.95M vs avg $1.20M (+$1,750,000)97%
Size:3,920 sqft vs avg 1,430.5 sqft97%
Price/sqft:$753 vs avg $83134%
More Insights
Built in 1903 (122 years old).
Condition: Despite being built in 1903, the property has undergone a comprehensive and recent 'full update' as stated in the description and evidenced by the images. The kitchens and bathrooms feature new, modern white cabinetry, clean countertops, and contemporary fixtures. Flooring consists of new luxury vinyl plank (LVP) and fresh carpeting throughout. Walls are freshly painted, and the property boasts central AC and an updated concrete foundation, indicating significant system and structural improvements. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1903
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
$753
HOA
-
Days on market
-
Sold On
-
MLS number
ML81966389
Home ConditionExcellent
Features
View-
About this home
Welcome to 106 N 5th Street, a beautifully remodeled victorian home in downtown San Jose. Built in 1903 and now fully updated, this 3,920 sqft property offers 11 units, with a total of 11 bedrooms and 7 bathrooms, ideal for multi-family living or investment. A key feature is its conditional use permit, allowing it to function as either a residential or commercial apartment, offering unique flexibility for investors or entrepreneurs. The home blends modern amenities with classic charm, featuring a separate family room, elegant dining area, and multiple cozy fireplaces. Central AC ensures year-round comfort, and the sturdy updated concrete foundation adds peace of mind. Located on a quaint 0.09-acre lot, you're in the heart of all the best that San Jose has to offer, including top schools like Horace Mann Elementary and San Jose High Academy. Don't miss this rare opportunity to own a piece of San Jose history, reimagined for contemporary living.
Nearby schools
4/10
Horace Mann Elementary School
Public,•K-5•0.1mi
2/10
Grant Elementary School
Public,•K-5•0.8mi
3/10
Lowell Elementary School
Public,•K-5•0.9mi
2/10
Selma Olinder Elementary School
Public,•K-5•1.1mi
4/10
Empire Gardens Elementary School
Public,•K-5•1.2mi
4/10
Washington Elementary School
Public,•K-5•1.3mi
4/10
Gardner Elementary School
Public,•K-5•1.4mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.2mi
4/10
Peter Burnett Middle School
Public,•6-8•1.2mi
3/10
Herbert Hoover Middle School
Public,•6-8•2.0mi
5/10
Willow Glen Middle School
Public,•6-8•3.4mi
6/10
Orchard Elementary School
Public,•K-8•3.4mi
3/10
San Jose High School
Public,•9-12•1.1mi
5/10
Abraham Lincoln High School
Public,•9-12•2.1mi
6/10
Independence High School
Public,•9-12•2.5mi
6/10
Willow Glen High School
Public,•9-12•3.4mi
Condition Rating
Excellent
Despite being built in 1903, the property has undergone a comprehensive and recent 'full update' as stated in the description and evidenced by the images. The kitchens and bathrooms feature new, modern white cabinetry, clean countertops, and contemporary fixtures. Flooring consists of new luxury vinyl plank (LVP) and fresh carpeting throughout. Walls are freshly painted, and the property boasts central AC and an updated concrete foundation, indicating significant system and structural improvements. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Exceptional Versatility & Investment Potential: The property holds a conditional use permit, allowing it to function as either a residential or commercial apartment, offering unique flexibility and broad investment appeal.
Historic Charm with Modern Renovation: A beautifully remodeled Victorian home built in 1903, it successfully blends classic architectural charm with comprehensive modern updates.
Prime Downtown San Jose Location: Situated in the heart of downtown San Jose, providing excellent access to amenities, top schools, and urban conveniences.
High Unit Count: Comprising 11 units with 11 bedrooms and 7 bathrooms, it offers significant multi-family or multi-tenant income potential.
Structural Integrity & Comfort Updates: Features a sturdy updated concrete foundation for peace of mind and central AC for year-round comfort, addressing common concerns with older properties.
Cons
Limited Lot Size: The property sits on a quaint 0.09-acre lot (3,920 sqft), which is relatively small for an 11-unit building, potentially limiting outdoor space or future expansion.
Potential for Small Unit Footprints: With 11 units within 3,920 sqft, individual unit sizes are likely very compact, which might restrict tenant appeal or commercial utility for certain businesses.
Lack of Mentioned Dedicated Parking: For an 11-unit property in a downtown location, the absence of explicitly mentioned dedicated parking could be a significant drawback for residents or commercial clients.