About this home

One of the Best True Cap Rates you will find in downtown San Jose... Property can be sold together with Neighboring 14 unit building - Due Diligence and Marketing package are both available upon request. 649 S 9th Street is a fully occupied 12-unit building in Downtown San Jose, about two blocks from San Jose State University, with eleven 1BR/1BA units, one 2BR/1BA unit and an assigned carport for every unit. Its offered at $3,025,000 ($252,083 per unit), with a 6.22% current cap rate that rises to 7.11% at market rents, and it can be bought on its own or with 659 S 9th Street as a 26-unit portfolio

Facts and features

Schools

• Lowell Elementary School

  elementary · K-5 · 0.1 mi

  2

• Herbert Hoover Middle School

  middle · 6-8 · 2.7 mi

  4

• Abraham Lincoln High School

  high · 9-12 · 2.7 mi

  7

• Notre Dame High School San Jose

  high · 9-12 · 0.4 mi

• Legacy Academy

  middle · 6-8 · 0.6 mi

• Perseverance Preparatory

  elementary · 5-8 · 0.6 mi

Price history

• Nov 4, 2026 · Listed$3,025,000
• Sep 26, 2017 · Sold$3,802,286
• Sep 15, 2017 · Relisted$3,860,000
• Sep 15, 2017 · Relisted$7,892,000
• Sep 8, 2017 · Listing Removed$3,860,000
• Sep 8, 2017 · Listing Removed$7,892,000
• Jul 12, 2017 · Listed$3,860,000
• Jul 11, 2017 · Listed$7,892,000

Tax history

• 2025$58,271 tax · $4,412,872 assessed
• 2024$54,662 tax · $4,326,346 assessed
• 2023$53,540 tax · $4,158,350 assessed
• 2022$53,140 tax · $4,076,815 assessed
• 2021$52,071 tax · $3,996,879 assessed
• 2020$51,242 tax · $3,955,897 assessed
• 2019$50,237 tax · $3,878,331 assessed
• 2018$49,787 tax · $3,802,286 assessed

Home value

$4,557,136

• Quantarium$4,557,136

Where it is