128 E Reed St

Beds
Baths
4,386 Sq. Ft.
$587 / Sq. Ft.
4,386
Sq. Ft.
$587
per Sq. Ft.

Description

Marcus & Millichap is pleased to present 128 E. Reed Street, a well-maintained six-unit multifamily investment located near San Jose State University in the SUN neighborhood. Construction was completed in 1980, and as such, the property is not subject to the City of San Joses rent control ordinance, providing an owner with greater flexibility in rent growth. The property has been thoughtfully updated and showcases a clean, modern aesthetic, with fresh exterior paint, pitched rooflines, and double-pane...Marcus & Millichap is pleased to present 128 E. Reed Street, a well-maintained six-unit multifamily investment located near San Jose State University in the SUN neighborhood. Construction was completed in 1980, and as such, the property is not subject to the City of San Joses rent control ordinance, providing an owner with greater flexibility in rent growth. The property has been thoughtfully updated and showcases a clean, modern aesthetic, with fresh exterior paint, pitched rooflines, and double-pane windows throughout. The property offers a secured, gated entry and a finished parking courtyard with interlocking pavers. The parking configuration includes ten on-site spaces, with seven open stalls and three covered spaces. All units have been fully renovated with modern finishes, and three of the six units feature in-unit laundry, further enhancing tenant appeal.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 128 East Reed Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
6
Cross Street
South Third Stre
LISTING UPDATED: 02/10/2026 10:11 AM

Property Details for 128 East Reed Street

StatusActive
MLS #ML82034411
Days on Compass2
Taxes$34,109 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1980
Lot Size0.20 AC / 8,833 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152
Add your commute

Building Information for 128 East Reed Street

Stories-Residences-Year Built1980Building Size-Lot Size0.20 AC / 8,833 SF

Payment Calculator

$15,393 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,550

Property Taxes

$2,842

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 128 East Reed Street

Features
Room Information
  • Kitchen: Countertop - Marble
Features
  • Fireplace: No
  • Flooring: Vinyl / Linoleum
  • Laundry: Coin Operated, Washer/Dryer - Some Units
  • Living SqFt: 4386
  • Pool: No
  • Security Features: Security Fence
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan, Central AC
  • Heating: Central Forced Air
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Amenities: Additional Storage, Community Security Gate
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 128
  • Street Name: Reed
  • Street Direction Prefix: East
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4386
  • Structure SqFt Source: Assessor
  • Age: 46
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 472-27-055
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School: 364
  • Elementary School District: 482
  • Middle School Text: Herbert Hoover Middle
  • High School District Text: San Jose Unified
  • High School Text: Abraham Lincoln High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard, Balcony / Patio, Courtyard, Fenced
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $34,109
  • Capitalization Rate: 4.83
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,800
  • Expense Landscape: $1,560
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,886
  • Expenses Other: $273
  • Expenses Utility: $7,758
  • Expenses Total: $54,386
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Gross Rent Multiplier: 13.97
  • Income Annual Gross: $178,732
  • Income Annual Rental: $183,360
  • Income Gross Scheduled: $184,260
  • Income Other: $900
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Rent: $1,950
Unit 2 Information
  • Unit 2 Approx Square Footage: 850
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,795
Unit 3 Information
  • Unit 3 Approx Square Footage: 900
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,895
Unit Type 1
  • Unit Type1 Approx SqFt: 500

Property History for 128 East Reed Street

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

MLSListings #ML82034411

$2,575,000
Feb 10, 2026

Listed (Active)

EBRD #ML82034411

$2,575,000
Aug 31, 2012

Withdrawn

RESFAR #81214344

$949,000
Jun 30, 2012

Withdrawn

RESFAR #81202784

$949,000
Jun 25, 2012

Withdrawn

MLSListings #ML81214344

$949,000
Jun 25, 2012

Withdrawn

EBRD #ML81214344

Apr 18, 2012

Listed (Active)

MLSListings #ML81214344

$949,000
Apr 18, 2012

Listed (Active)

RESFAR #81214344

$949,000
Apr 18, 2012

Listed (Active)

EBRD #ML81214344

$949,000
Apr 17, 2012

Price Change

RESFAR #80725602

$1,075,000
Apr 13, 2012

Withdrawn

EBRD #ML81202784

Apr 13, 2012

Withdrawn

MLSListings #ML81202784

$949,000
Jan 24, 2012

Listed (Active)

EBRD #ML81202784

$949,000
Jan 24, 2012

Listed (Active)

MLSListings #ML81202784

$949,000
Jan 24, 2012

Listed (Active)

RESFAR #81202784

$949,000
Nov 7, 2011

Expired

EBRD #ML81129633

Nov 6, 2011

Expired

MLSListings #ML81129633

$949,000
Nov 6, 2011

Expired

RESFAR #81129633

$949,000
Oct 19, 2011

Price Change

RESFAR #80925043

$949,000
Jul 6, 2011

Listed (Active)

MLSListings #ML81129633

$949,000
Jul 6, 2011

Listed (Active)

EBRD #ML81129633

$949,000
Jul 6, 2011

Listed (Active)

RESFAR #81129633

$949,000
Nov 18, 2009

Expired

EBRD #ML80939576

Nov 17, 2009

Expired

MLSListings #ML80939576

$925,000
Nov 17, 2009

Expired

RESFAR #80939576

Aug 21, 2009

Withdrawn

RESFAR #80925043

Aug 17, 2009

Listed (Active)

EBRD #ML80939576

$925,000
Aug 17, 2009

Withdrawn

MLSListings #ML80925043

Aug 17, 2009

Listed (Active)

RESFAR #80939576

$925,000
Aug 17, 2009

Withdrawn

EBRD #ML80925043

Aug 17, 2009

Listed (Active)

MLSListings #ML80939576

$925,000
May 21, 2009

Price Change

RESFAR #80925043

$969,000
May 21, 2009

Listed (Active)

EBRD #ML80925043

$969,000
May 21, 2009

Listed (Active)

RESFAR #80925043

$949,000
May 21, 2009

Listed (Active)

MLSListings #ML80925043

$969,000
May 9, 2008

Withdrawn

RESFAR #80725602

Jan 18, 2008

Withdrawn

MLSListings #ML80725602

Jan 18, 2008

Withdrawn

EBRD #ML80725602

May 9, 2007

Price Change

RESFAR #80725602

$1,100,000
May 9, 2007

Listed (Active)

EBRD #ML80725602

$1,100,000
May 9, 2007

Listed (Active)

RESFAR #80725602

$1,075,000
May 9, 2007

Listed (Active)

MLSListings #ML80725602

$1,100,000
Sep 11, 2006

Expired

EBRD #ML80627092

Sep 10, 2006

Expired

MLSListings #ML80627092

$1,100,000
Sep 10, 2006

Expired

RESFAR #80627092

May 10, 2006

Listed (Active)

EBRD #ML80627092

$1,100,000
May 10, 2006

Listed (Active)

RESFAR #80627092

$1,100,000
May 10, 2006

Listed (Active)

MLSListings #ML80627092

$1,100,000
May 23, 2003

Sold

RESFAR #80312148

$865,000
May 23, 2003

Sold

MLSListings #ML80312148

$865,000
May 23, 2003

Sold

EBRD #ML80312148

$865,000
May 5, 2003

Pending

MLSListings #ML80312148

May 5, 2003

Pending

EBRD #ML80312148

May 5, 2003

Pending

RESFAR #80312148

Feb 28, 2003

Listed (Active)

EBRD #ML80312148

$875,000
Feb 28, 2003

Listed (Active)

RESFAR #80312148

$875,000
Feb 28, 2003

Listed (Active)

MLSListings #ML80312148

$875,000
DateEvent & SourcePrice
02/10/2026

Listed (Active)

MLSListings #ML82034411

$2,575,000
02/10/2026

Listed (Active)

EBRD #ML82034411

$2,575,000
08/31/2012

Withdrawn

RESFAR #81214344

$949,000
06/30/2012

Withdrawn

RESFAR #81202784

$949,000
06/25/2012

Withdrawn

MLSListings #ML81214344

$949,000
06/25/2012

Withdrawn

EBRD #ML81214344

04/18/2012

Listed (Active)

MLSListings #ML81214344

$949,000
04/18/2012

Listed (Active)

RESFAR #81214344

$949,000
04/18/2012

Listed (Active)

EBRD #ML81214344

$949,000
04/17/2012

Price Change

RESFAR #80725602

$1,075,000
04/13/2012

Withdrawn

EBRD #ML81202784

04/13/2012

Withdrawn

MLSListings #ML81202784

$949,000
01/24/2012

Listed (Active)

EBRD #ML81202784

$949,000
01/24/2012

Listed (Active)

MLSListings #ML81202784

$949,000
01/24/2012

Listed (Active)

RESFAR #81202784

$949,000
11/07/2011

Expired

EBRD #ML81129633

11/06/2011

Expired

MLSListings #ML81129633

$949,000
11/06/2011

Expired

RESFAR #81129633

$949,000
10/19/2011

Price Change

RESFAR #80925043

$949,000
07/06/2011

Listed (Active)

MLSListings #ML81129633

$949,000
07/06/2011

Listed (Active)

EBRD #ML81129633

$949,000
07/06/2011

Listed (Active)

RESFAR #81129633

$949,000
11/18/2009

Expired

EBRD #ML80939576

11/17/2009

Expired

MLSListings #ML80939576

$925,000
11/17/2009

Expired

RESFAR #80939576

08/21/2009

Withdrawn

RESFAR #80925043

08/17/2009

Listed (Active)

EBRD #ML80939576

$925,000
08/17/2009

Withdrawn

MLSListings #ML80925043

08/17/2009

Listed (Active)

RESFAR #80939576

$925,000
08/17/2009

Withdrawn

EBRD #ML80925043

08/17/2009

Listed (Active)

MLSListings #ML80939576

$925,000
05/21/2009

Price Change

RESFAR #80925043

$969,000
05/21/2009

Listed (Active)

EBRD #ML80925043

$969,000
05/21/2009

Listed (Active)

RESFAR #80925043

$949,000
05/21/2009

Listed (Active)

MLSListings #ML80925043

$969,000
05/09/2008

Withdrawn

RESFAR #80725602

01/18/2008

Withdrawn

MLSListings #ML80725602

01/18/2008

Withdrawn

EBRD #ML80725602

05/09/2007

Price Change

RESFAR #80725602

$1,100,000
05/09/2007

Listed (Active)

EBRD #ML80725602

$1,100,000
05/09/2007

Listed (Active)

RESFAR #80725602

$1,075,000
05/09/2007

Listed (Active)

MLSListings #ML80725602

$1,100,000
09/11/2006

Expired

EBRD #ML80627092

09/10/2006

Expired

MLSListings #ML80627092

$1,100,000
09/10/2006

Expired

RESFAR #80627092

05/10/2006

Listed (Active)

EBRD #ML80627092

$1,100,000
05/10/2006

Listed (Active)

RESFAR #80627092

$1,100,000
05/10/2006

Listed (Active)

MLSListings #ML80627092

$1,100,000
05/23/2003

Sold

RESFAR #80312148

$865,000
05/23/2003

Sold

MLSListings #ML80312148

$865,000
05/23/2003

Sold

EBRD #ML80312148

$865,000
05/05/2003

Pending

MLSListings #ML80312148

05/05/2003

Pending

EBRD #ML80312148

05/05/2003

Pending

RESFAR #80312148

02/28/2003

Listed (Active)

EBRD #ML80312148

$875,000
02/28/2003

Listed (Active)

RESFAR #80312148

$875,000
02/28/2003

Listed (Active)

MLSListings #ML80312148

$875,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 128 East Reed Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Gardner Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory Middle
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

128 East Reed Street is for sale in San Jose, CA 95112. This property was listed for sale on February 10, 2026 by Marcus & Millichap, it's currently listed at $2,575,000. It has been on the market for a total of 2 days and was last sold on May 23, 2003. This listing's school district is San Jose Unified School District. Nearby schools include Gardner Elementary School, Herbert Hoover Middle School and Abraham Lincoln High School. 128 East Reed Street is a 0-bed, 0-bath, 4,386 sqft built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.