About this home

Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layout two units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.

Facts and features

Schools

• San Jose High School

  high · 9-12 · 0.4 mi

  5

• Selma Olinder Elementary School

  elementary · K-5 · 0.5 mi

  4

• Muwekma Ohlone Middle

  middle · 6-8 · 1.8 mi

  4

• Cristo Rey San Jose High School

  high · 9-12 · 0.5 mi

• Sunrise Middle

  elementary · 5-8 · 0.5 mi

  7

• Ace Inspire Academy

  elementary · 5-8 · 0.5 mi

  4

Price history

• Oct 27, 2026 · Relisted$1,750,000
• Oct 20, 2026 · Listing Removed$1,750,000
• Sep 21, 2026 · Listing Removed$1,750,000
• Jul 22, 2026 · Listed$1,750,000
• Jul 18, 2022 · Sold$1,555,000

Tax history

• 2025$22,837 tax · $1,650,178 assessed
• 2024$21,514 tax · $1,617,822 assessed
• 2023$21,060 tax · $1,555,000 assessed
• 2022$9,360 tax · $531,421 assessed
• 2021$9,053 tax · $521,001 assessed
• 2020$8,783 tax · $515,660 assessed
• 2019$8,543 tax · $505,550 assessed
• 2018$8,419 tax · $495,638 assessed

Where it is