204 N 24th Street, San Jose, California 95116, San Jose, 95116 - 2 bed, 1 bath
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San Jose, California 95116
This property presents a High-Potential Investment Opportunity with a List Price of $879,990—positioned above the $848,549 Fair Market Value. While the property requires significant capital improvement due to its Condition Rating of 5, the Triplex Zoning and 1,116 square foot footprint offer substantial value-add potential. The inclusion of a full basement and a patio enhances the utility of this 1898 asset. Located near San Jose State University, this property is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 204 N 24th Street Subject | $879,990* List Price | 2 | 1 | 1,116 | $760 | - |
A 251 S 21st Street Sold | $915,000 | 2 | 2 | 1,085 | $843 | 0.6 mi |
B 1236 Whitton Avenue Sold | $770,000 | 2 | 1 | 824 | $934 | 0.5 mi |
C 1453 Whitton Ave Active | $849,000 List Price | 2 | 1 | 848 | $1,001 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1898, this 'diamond in the rough' shows significant deferred maintenance and structural concerns. While some kitchen appliances are updated, the lack of permanent cabinetry, use of a dated wall furnace, and visible moisture damage and peeling surfaces in the basement/interior indicate the property requires a comprehensive rehab.
The property is zoned as a Triplex, offering a significant value-add opportunity for investors or developers to convert the existing residence into a multi-unit income-generating asset.
Ideally situated near San Jose State University and downtown San Jose, the property benefits from high rental demand and convenient access to major freeways including 101, 280, 680, and 880.
The inclusion of a nearly full basement provides rare additional square footage that can be utilized for extensive storage or potentially finished for increased living area.
Marketed as a 'diamond in the rough' and built in 1898, the home likely requires substantial capital improvement to address aging systems and cosmetic updates.
The property lacks a modern central HVAC system, relying on a wall furnace and ceiling fans, which may be viewed as a deficiency in comfort and energy efficiency for the price point.
Diamond in the rough!!! Currently used as a Single Family Residence zoned Triplex (3 Units any combination) Located in San Jose, this home offers 3 bedrooms and 1.50 bathrooms within approximately 1,116 square feet. Situated on a lot measuring around 5,080 square feet, the property includes a kitchen and family room combo, providing a functional, open living space. The kitchen features an eat-in dining area, and the home is equipped with ceiling fans for cooling and a wall furnace for heating. Additional amenities include almost a full basement. Minutes to San Jose State University and downtown San Jose, with great shopping and dining nearby. Easy access to major freeways, 101, 280, 680, and 880. Don't miss out on this great opportunity!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,116 | 1,683.5 |
| Lot Size | 5,080 | 6,300 |
| Price | $880.0K | $1.70M |
| Price per sq ft | $789 | $1000 |
| Built year | 1898 | 1966 |
| HOA | $0 | $160 |
| Days on market | 42 | 35 |
Jun 11, 2026
$879,990
Initial Listing