Multifamily Properties Market Report — San Jose, CA
Median price $1,460,000 with a cool market, 236 closed sales, and 9.8 months of supply.
Instant San Jose comparable sales — No login. No app. Text the address, get your home value.
Prefer typing? Use the web tool →Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906
Market Summary
What's Your Multifamily Properties Worth in San Jose?
Based on 236 recent closed sales, a typical multifamily properties in San Jose falls in this range:
$1,095,000 – $1,825,000
Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.
Text (909) 566-2866 for Your Value →Supply & Demand
Activity
Active listings: 170
Pending: 46
Closed / month: 9.8
Market balance: Buyer Strong
Recommendation
Use recent multifamily properties sales to price for a cool market in San Jose.
Review pending count and active supply before making price or offer timing decisions in this cool segment.
Inventory
Monthly Trend Chart
📉 Falling trend · 9.8 sales/month average
Recent Sales
730 14th
Close Price: $1,050,000
Close Date: 2026-09-30
Beds / Baths: — / —
Sq Ft: 1,584
$/sf: $663
270 Oakland Ave
Close Price: $880,000
Close Date: 2026-09-28
Beds / Baths: — / —
Sq Ft: 0
$/sf: —
1582 Fall
Close Price: $1,230,000
Close Date: 2026-09-25
Beds / Baths: — / —
Sq Ft: 1,722
$/sf: $714
742 Genevieve
Close Price: $1,325,000
Close Date: 2026-09-25
Beds / Baths: — / —
Sq Ft: 1,638
$/sf: $809
196 17th
Close Price: $1,050,000
Close Date: 2026-09-24
Beds / Baths: — / —
Sq Ft: 1,732
$/sf: $606
What to Know About Multifamily Properties in San Jose
Multifamily property in San Jose is shaped by both local rental demand and investor expectations around income stability, unit mix, and repositioning upside. Across the Inland Empire, buyers tend to look beyond the headline price and focus on occupancy, rent comparability, maintenance burden, and whether the property offers believable operational improvement.
For Multifamily Investors in San Jose
Multifamily investment in San Jose demands attention to gross rent multiplier (GRM), cap rate, and unit-level income analysis. Comparable sales should match on unit count, condition class, and occupancy profile — a renovated 4-unit building with 100% occupancy is not comparable to a deferred-maintenance duplex at 75% occupancy.
1031 exchange timelines make fast, defensible appraisals critical. Thomas Appraisal delivers certified valuation reports accepted by lenders, CPAs, and escrow officers across California. Schedule before your identification period closes.
Multifamily Properties FAQ
Your Appraiser: Lionel Newman Thomas
Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906
Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.
Other San Jose Property Reports
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