
San Jose, California 95112
This property presents a High-Potential Investment Opportunity with a List Price of $1,149,000—positioned well above the $1,025,550 Fair Market Value by -12%. While currently fully rented, the Fair Condition Rating and 1901 build date indicate that significant capital expenditure is required to modernize the 3-bedroom, 1-bathroom layout. The expansive 6,300 sqft corner lot offers substantial development potential, including the possibility of an ADU. This asset is best suited for Buy-and-Hold Investors or Contractors seeking to leverage the property's prime location near downtown San Jose.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 639 Jackson Street Subject | $1,149,000* List Price | 3 | 1 | 1,224 | $840 | - |
A 617 N 14th Street Sold | $825,000 | 3 | 1 | 1,066 | $774 | 0.0 mi |
B 656 N 16th Street Sold | $1,135,000 | 2 | 2 | 1,578 | $719 | 0.2 mi |
C 915 N 2nd Street Sold | $1,330,000 | 3 | 2 | 1,400 | $950 | 1.0 mi |
D 220 N 17th Street Active | $1,100,000 List Price | 3 | 2 | 1,176 | $935 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1901, this 123-year-old property is explicitly marketed as needing work and an investment opportunity. The presence of a window AC unit suggests a lack of modern central HVAC, and the age combined with the 'needs work' description indicates that systems, kitchen, and baths likely require significant rehabilitation.
Situated on a corner lot near Downtown San Jose and Highway 101, the property offers excellent accessibility to major employment hubs, shopping, and urban amenities.
The property is currently fully rented, providing a turnkey income stream for investors looking for immediate returns in a high-demand rental market.
The generous 6,300 sqft corner lot with ample parking provides significant space for potential expansion, modernization, or the addition of an Accessory Dwelling Unit (ADU).
Built in 1901 and explicitly noted as needing work, the property likely requires substantial capital expenditure for structural or cosmetic upgrades.
The 3-bedroom, 1-bathroom configuration is a drawback for modern families and may limit the property's competitive edge compared to updated homes in the area.
Great investment opportunity. Corner lot with plenty of parking space. Close to freeway 101, shopping and San Jose downtown. Great income potential and fully rented. Main property has 3 bedrooms and 1 bathroom. Property needs work and has great potential. Are you ready for the next level of investment?
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,224 | 1,706.046 |
| Lot Size | 6,300 | 6,261.966 |
| Price | $1.15M | $1.68M |
| Price per sq ft | $939 | $979 |
| Built year | 1901 | 1965 |
| HOA | $0 | $200 |
| Days on market | 50 | 37 |
Jul 21, 2026
$1,149,000
Initial Listing
Jun 30, 2005
$610,000
Public Record