Home | Santa Clara County | San Jose | 95128 | 2985 Walgrove Way
MLS: ML82018905 | Status: Sold | Price: $1,950,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,973 | 9,636 | 1968 |
Turnkey fourplex in desirable West San Jose offers strong investment potential with a balanced unit mix: one 3BR/2BA, two 2BR/1.5BA, and one 1BR/1BA unit. The three larger units feature HVAC systems while the smaller unit has window A/C and a wall heater. Built in 1968, the 3,973 SF building sits on a 9,636 SF lot and includes 12 parking spaces (6 covered, 6 open) plus shared laundry generating approximately $250 monthly in additional income. The property generates $113,904 in annual gross income with a 3.48% cap rate and 16.68 gross rent multiplier. Located just 1.2 miles from Santana Row and 2 miles from Westfield Valley Fair, it offers excellent access to I-280, Highway 17, and San Tomas Expressway, plus proximity to top-rated schools within one mile. San Jose's tech-driven economy continues to support strong rental demand despite recent sector adjustments. With vacancy rates at just 3.8%, rent growth at 2.7%, and high home prices keeping buyers in the rental market, multifamily properties are well-positioned for long-term appreciation and income growth. The property is subject to San Jose's Apartment Rent Ordinance and Tenant Protection Ordinance.
| Field | Value |
|---|---|
| MLS # | ML82018905 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Solid Surface / Corian, Countertop - Stone, Exhaust Fan |
| Appliances | Cooktop - Electric, Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range - Electric, Refrigerator |
| Flooring | Carpet, Laminate, Tile |
| Laundry | Coin Operated |
| Cooling | Central Forced Air, Window/Wall Unit |
| Heating | Forced Air, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition, Shingle |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Garage: 0 Car(s) |
| Elementary District | Campbell Union Elementary |
| High School District | Campbell Union High |
| Water | Public |
| Zoning | RM |
Michael Shields
SiliconValley MultiFamilyGroup
License #: 01327546
Phone: (408) 356-1900
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 3 | 2/0 | $2,485 |
| 2 | – | 1 | 1/0 | $1,995 |
| 3 | – | 2 | 1/1 | $2,395 |
| 4 | – | 2 | 1/1 | $2,165 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Michael Shields, (408) 356-1900.