623 S 2nd Street, San Jose, California 95112, San Jose, 95112 - 0 bed, 0 bath
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San Jose, California 95112
This High-Density Residential Income Asset is listed at $1,390,000, representing a stable entry point at its $1,390,000 Fair Market Value. Carrying a Condition Rating of 5, the 1906-built duplex requires a comprehensive rehabilitation but offers immense Value-Add Potential via its rare 10-bedroom footprint. Located within the San Jose Unified School District and blocks from San Jose State University, the property ensures consistent rental demand in a primary commercial zone. This is a strategic opportunity for Buy-and-Hold Investors or Value-Add Investors targeting high-yield student housing in downtown San Jose.
Property is extensive renovation needed.
Built in 1906, this century-old duplex shows significant deferred maintenance and aged systems. Exterior images reveal peeling paint and potential wood rot on the fascia, while interior photos show highly dated bathrooms and kitchens with visible wear and grime. The presence of window AC units indicates a lack of central HVAC, and the overall condition suggests the property requires a comprehensive rehabilitation to address likely structural, electrical, and plumbing obsolescence.
With a total of 10 bedrooms across two units, this property offers exceptional rental yield potential, specifically optimized for high-density student housing near San Jose State University.
The property is situated in a high-demand primary commercial location with excellent walkability to SJSU, public transportation, and downtown amenities, ensuring low vacancy rates.
At 3,360 square feet, the building provides a significant interior footprint that is rare for downtown duplexes, offering a large scale for a residential income investment.
Built in 1906, the property likely requires significant capital expenditures for modernizing aging systems and addressing structural maintenance common in century-old buildings.
The upstairs configuration of seven bedrooms sharing only two bathrooms may create functional obsolescence and limit the property's appeal to higher-paying professional tenants.
Downtown Primary Commercial Location:The upstairs features seven bedrooms and two bathrooms. The downstairs unit features three bedrooms and two bathrooms with a steady income history. High-demand location near San Jose State University, public transportation, and easy freeway access. Walkable to downtown restaurants and shopping! Buyers are advised to do their own due diligence. This hidden treasure delivers steady rental income and plenty of potential for future opportunities..
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,360 | 1,860 | 91% |
| Lot Size | 4,318 | 6,624 | 9% |
| Price | $1.39M | $1.05M | 82% |
| Price per sq ft | $414 | $598 | 18% |
| Built year | 1906 | 1920 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 214 | 138 | 0% |
Feb 6, 2026
$1,390,000
$1,450,000
-4% Price Drop
Initial Listing
Nov 12, 2025
$1,450,000
Initial Listing