716 N 5th, San Jose, California 95112, San Jose, 95112 - 6 bed, 5 bath
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San Jose, California 95112
This Versatile Multi-Unit Craftsman is a Strong Value Opportunity, listed at $1,980,000—positioned well below the $2,095,000 Fair Market Value by 5%. This valuation gap provides $115,000 in Instant Equity for savvy buyers. Boasting an Excellent Condition Rating, the property features three distinct living spaces, including a permitted 650 SF ADU and a main house with dual gourmet kitchens and quartz countertops. Located in vibrant Japantown, this retreat offers unmatched flexibility for Multi-generational Families or Owner-Occupants seeking significant rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 716 N 5th Subject | $1,980,000* List Price | 6 | 5 | 3,303 | $634 | - |
A 447 N 2nd Street Sold | $1,700,000 | 4 | 2 | 2,660 | $639 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1927, this property has undergone an extensive recent renovation that brings it to modern standards. The interior features new engineered flooring, LED lighting, and multiple gourmet kitchens with quartz countertops and stainless steel appliances. Bathrooms are updated with modern fixtures and tiling. The inclusion of a newly permitted ADU and the high-quality, move-in-ready condition of all three living spaces justify an excellent rating.
The property features three distinct living spaces, including a dual-suite main house and a detached 650 SF ADU, providing exceptional flexibility for multi-generational living or significant rental income potential.
This 1927 Craftsman has been extensively remodeled with premium finishes, including multiple gourmet kitchens with quartz countertops, stainless steel appliances, and new engineered flooring throughout.
Situated in the highly sought-after Japantown neighborhood, the property offers a rare combination of historic charm and urban convenience in one of San Jose's most vibrant and walkable districts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6900. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3303, other record living area = 2653. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The local public schools carry low ratings (ranging from 2 to 4), which may deter families specifically seeking high-performing educational environments.
With 52 days on the market and a recent $115,000 price reduction, the property is experiencing slower-than-average absorption, potentially indicating initial overpricing or buyer hesitation.
Rare Japantown opportunity offering 3,303 SF across three distinct living spaces. The remodeled 2-level Craftsman (2,653 SF) features 5BD/4BA with two fully equipped living suites ideal for multi-generational families. The upper level impresses with a gourmet kitchen, quartz counters, a walk-in pantry, stainless steel appliances, a fireplace, built-in bookshelves, and French doors leading to a formal dining room. The lower level functions as a complete second suite with its own kitchen, great room, 2BD/2BA, primary suite with a walk-in closet, and separate laundry. A detached permitted 650 SF ADU adds a third living space with a gourmet kitchen, family room, 1BD/1BA, laundry, and central heat & AC, perfect for rental income or extended family. New engineered flooring and LED lighting throughout. Pergola, patios, and a lush lawn create an entertainer's backyard retreat. A truly flexible property built for the way families live today.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 94% |
| Baths | 5.0 | 2.0 | 96% |
| Square foot | 3,303 | 1,463 | 94% |
| Lot Size | 6,534 | 6,230 | 75% |
| Price | $1.98M | $1.12M | 92% |
| Price per sq ft | $599 | $839 | 13% |
| Built year | 1927 | 1919 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 128 | 17% |
Mar 25, 2026
$1,980,000
$2,095,000
-5% Price Drop
Initial Listing
Feb 22, 2026
$2,095,000
Initial Listing
Apr 2, 2007
$680,000
Public Record
Jun 23, 2004
$500,000
Public Record