285 N 5th Street, San Jose, California 95112, San Jose, 95112 - 4 bed, 4 bath
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285 N 5th Street
San Jose, California 95112
ACTIVE
CONDITION: FAIR
4Beds
4Baths
1,900Sq Ft
6,175Lot Size
Property Price
LIST PRICE$1,295,888
EST. MARKET VALUE
$1,272,826
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,500,000—positioned well above the $1,363,903 Fair Market Value by -9%. Featuring three distinct rental units on a 6,175 sqft lot, this Multi-Unit Asset offers significant income potential through house-hacking. While the home carries a Fair Condition Rating due to its 1906 vintage infrastructure, the downtown location ensures high rental demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Estimated Market Value
$1,272,826
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 |
|---|---|---|---|---|---|---|
★ 285 N 5th Street Subject 4 bd · 4 ba · 1,900 sqft · $670 | $1,295,888* List Price | 4 | 4 | 1,900 | $670 | - |
A 483 N 12th Street Sold 4 bd · 3 ba · 1,888 sqft · $490 · 0.6 mi | $925,000 | 4 | 3 | 1,888 | $490 | 0.6 mi |
B 272 S 12th Street Sold 3 bd · 2 ba · 1,780 sqft · $702 · 0.8 mi | $1,250,000 | 3 | 2 | 1,780 | $702 | 0.8 mi |
C 73 S 15th Street Sold 3 bd · 2 ba · 1,840 sqft · $774 · 0.8 mi | $1,425,000 | 3 | 2 | 1,840 | $774 | 0.8 mi |
D 196 S 14th Street Sold 3 bd · 2 ba · 2,233 sqft · $748 · 0.9 mi | $1,670,000 | 3 | 2 | 2,233 | $748 | 0.9 mi |
E 656 N 16th Street Sold 2 bd · 2 ba · 1,578 sqft · $719 · 1.0 mi | $1,135,000 | 2 | 2 | 1,578 | $719 | 1.0 mi |
F 526 S. 5th Street Sold 4 bd · 2 ba · 1,680 sqft · $679 · 1.0 mi | $1,140,000 | 4 | 2 | 1,680 | $679 | 1.0 mi |
G 402 N 11th Street Active 5 bd · 3 ba · 1,712 sqft · $752 · 0.5 mi | $1,288,000 List Price | 5 | 3 | 1,712 | $752 | 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 1906, this property is significantly dated with renovations likely exceeding 20 years. While the exterior is well-maintained, the interior features vintage built-ins, older wall heaters, and worn carpeting. The basement shows some updated HVAC ducting and a functional water heater, but the kitchens and bathrooms require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features three distinct living units (a main house plus two additional units), offering an exceptional opportunity for rental income, house-hacking, or multi-generational living.
- Prime Downtown Location
Situated in the heart of San Jose, the property is within walking distance to downtown amenities, San Jose State University, and major transit hubs, ensuring consistently high rental demand.
- Vintage Architectural Charm
Built in 1906, this unique custom vintage home offers historical character and a versatile layout that provides a distinct aesthetic appeal compared to modern cookie-cutter developments.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Given the 1906 construction date, the property likely requires significant ongoing maintenance and potential capital expenditures for updating electrical, plumbing, and structural systems to modern standards.
- Compact Living Quarters
With a total of 1,900 square feet divided across three separate units, the individual living spaces are relatively small, which may limit the pool of prospective long-term tenants or families.
About 285 N 5th Street
Unique custom vintage Single Family with Basement and address 285 and 285 1/2 UNITS A & B gives a total or three rental units, or live in one and rent the other two. The house 285 has two bedrooms 1 full bath 1 half bath. The mid unit has one living room, one bedroom, kitchen, one bathroom. The rear unit has a single car garage, main level living room, kitchen, second level bedroom plus bathroom.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 6,175 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Horace Mann Elementary School
Grades K-5 • 0.3 mi
4/10
Grant Elementary School
Grades K-5 • 0.7 mi
2/10
Lowell Elementary School
Grades K-5 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,900 | 1,721.238 |
| Lot Size | 6,175 | 6,271.145 |
| Price | $1.30M | $1.67M |
| Price per sq ft | $682 | $972 |
| Built year | 1906 | 1965 |
| HOA | $0 | $190 |
| Days on market | 18 | 38 |
Pricing History
Listed for Sale
Oct 14, 2026
$1,295,888
$1,500,000
-14% Price Drop
Initial Listing
Price Change
Oct 6, 2026
$1,500,000
Initial Listing