
San Jose, California 95116
This duplex represents a High-Potential Investment Opportunity with a List Price of $1,799,000—positioned well below the $1,837,203 Fair Market Value by 2%. This valuation gap offers $38,203 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires renovation to maximize its 4,066 sq. ft. footprint. With 100% vacancy and a prime location near SJSU, this is a strategic asset for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack in a high-demand Silicon Valley market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 345 S 21st St Subject 0 bd · 0 ba · 4,066 sqft · $452 | $1,799,000* List Price | 0 | 0 | 4,066 | $452 | - |
A 855 Jeanne Avenue Sold 0 bd · 0 ba · 2,815 sqft · $453 · 0.4 mi | $1,275,000 | 0 | 0 | 2,815 | $453 | 0.4 mi |
B 1105 Appian Ln Active 0 bd · 0 ba · 3,328 sqft · $447 · 0.3 mi | $1,488,000 List Price | 0 | 0 | 3,328 | $447 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2008 (18 years old). While the age technically falls near the 'Good' range, the listing explicitly describes it as a 'value-add opportunity' that 'needs work' and advises to 'bring your contractor.' Interior photos show dated 2000s-era kitchen finishes, wall damage, and missing closet components, indicating it is not move-in ready and requires repairs/updates.
The property is delivered entirely vacant, providing a rare opportunity for investors or owner-occupants to renovate immediately and set market-rate rents without tenant relocation hurdles.
Built in 2008, this duplex offers two massive 2,033 sq. ft. units with three bedrooms each, private garages, and in-unit laundry, offering a superior layout compared to older multi-family stock in the area.
Proximity to San Jose State University, Downtown dining, and major commuter freeways (101, 280, 87) ensures high rental demand and strong long-term appreciation potential.
The property is explicitly noted as needing work, requiring a buyer with a contractor and significant additional capital to address repairs and unlock its full value.
With a list price of $1.799M for a value-add project, the combined cost of acquisition and renovation may present a high barrier to entry for some investors seeking immediate cash flow.
An exceptional value-add opportunity awaits at 345–347 S 21st Street in San Jose's Brookwood Terrace neighborhood. Set on a generous 7,800 sq ft lot, this property features over 4,066 sq ft of living space across two expansive 2,033 sq ft units (3 beds each). Delivered 100% vacant, this rare multi-family setup allows investors or house-hackers to renovate immediately and capitalize on market rents. Each unit includes a dedicated two-car garage, private yard space, and in-unit laundry. A secure gated driveway provides controlled access and extra off-street parking. Conveniently located, tenants enjoy quick access to San Jose State University (SJSU), Downtown San Jose dining, parks, local schools, and major commuter freeways (HWY 101, 280, 87). While the property needs work, it offers huge upside to build instant equity in a prime growth area. Renovation will maximize cash flow in a high-demand Silicon Valley rental market with strong long-term appreciation. Bring your contractor and vision to unlock this property's full potential. This property also has the ability to live in one unit and rent the other. Property was appraised at $2,134,000 in as in condition. Copy of appraisal in the disclosure package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,066 | 2,404.563 |
| Lot Size | 7,800 | 6,807.656 |
| Price | $1.80M | $1.42M |
| Price per sq ft | $442 | $613 |
| Built year | 2008 | 1962 |
| HOA | $0 | $0 |
| Days on market | 16 | 72 |
Oct 8, 2026
$1,799,000
Initial Listing
Aug 26, 2005
$560,000
Public Record
Jun 13, 2005
$495,000
Public Record
Aug 21, 2002
$368,000
Public Record
Mar 17, 1998
$60,000
Public Record