132 E Reed St

Beds
Baths
3,940 Sq. Ft.
$406 / Sq. Ft.
3,940
Sq. Ft.
$406
per Sq. Ft.

Description

Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential. Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint....Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential. Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available.
  1. Listed by Jim Meech • DRE #01145137 • Brokerage DRE #01145137 • James Meech, Broker • 408-718-3116

Property Details for 132 East Reed Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
8
Cross Street
S. 4th
LISTING UPDATED: 03/28/2026 09:29 PM

Property Details for 132 East Reed Street

StatusActive
MLS #ML82038150
Days on Compass25
Taxes$16,896 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1955
Lot Size0.14 AC / 6,027 SF
CountySanta Clara County

Location

Listing Courtesy of James Meech, Broker, Jim Meech, DRE #01145137
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Building Information for 132 East Reed Street

Stories-Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,027 SF

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$9,465 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,057

Property Taxes

$1,408

HOA Dues

$0

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Property Information for 132 East Reed Street

Features
Room Information
  • Additional Rooms: Laundry Room, Storage
Features
  • Fireplace: No
  • Living SqFt: 3940
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Site Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Brick
  • Min Num Of Units in Complex: 8
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 132
  • Street Name: Reed
  • Street Direction Prefix: East
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3940
  • Structure SqFt Source: Assessor
  • Age: 71
Development Information
  • Construction Type: Brick, Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: C3
Location Information
  • City Limits: Yes
  • Directions: Near corner of S 4th and E. Reed Streets
  • Incorporated: Yes
  • Parcel Number: 472-27-056
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $16,896
  • Capitalization Rate: 2.54
  • Tenant Expenses: Utilities - Gas, Utilities - Heating
  • Income Includes: Lease
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $13,495
  • Expense Landscape: $0
  • Expense Maintenance: $32,123
  • Expense Management: $0
  • Expense Trash: $3,600
  • Expenses Other: $0
  • Expenses Utility: $5,000
  • Expenses Total: $71,114
  • Operating Expenses Include: Insurance, Maintenance
  • Gross Rent Multiplier: 13.89
  • Income Annual Gross: $111,767
  • Income Annual Rental: $115,224
  • Income Gross Scheduled: $115,224
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Approx Square Footage: 480
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Approx Square Footage: 480
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Approx Square Footage: 480
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 480

Property History for 132 East Reed Street

DateEvent & SourcePriceAppreciation
Mar 17, 2026

Listed (Active)

EBRD #ML82038150

$1,600,000
Mar 17, 2026

Listed (Active)

MLSListings #ML82038150

$1,600,000
Mar 14, 2026

Pending

EBRD #ML82038150

Mar 14, 2026

Contingent - Show

MLSListings #ML82038150

Mar 11, 2026

Listed (Active)

EBRD #ML82038150

$1,600,000
Mar 11, 2026

Listed (Active)

MLSListings #ML82038150

$1,600,000
Sep 21, 2011

Sold

EBRD #ML81120866

$845,000
Sep 21, 2011

Sold

MLSListings #ML81120866

$845,000
Sep 21, 2011

Sold

RESFAR #81120866

$845,000
Sep 15, 2011

Sold (Public Record)

Public Record #315666001

$845,000

-0.1% / yr

Jun 20, 2011

Pending

RESFAR #81120866

Jun 20, 2011

Pending

MLSListings #ML81120866

Jun 20, 2011

Pending

EBRD #ML81120866

May 11, 2011

Listed (Active)

MLSListings #ML81120866

$875,000
May 11, 2011

Listed (Active)

EBRD #ML81120866

$875,000
May 11, 2011

Listed (Active)

RESFAR #81120866

$875,000
Dec 2, 2009

Expired

EBRD #ML80938854

Dec 1, 2009

Expired

RESFAR #80938854

Dec 1, 2009

Expired

MLSListings #ML80938854

$899,000
Sep 1, 2009

Withdrawn

RESFAR #80916455

Aug 12, 2009

Listed (Active)

RESFAR #80938854

$899,000
Aug 12, 2009

Withdrawn

EBRD #ML80916455

Aug 12, 2009

Listed (Active)

EBRD #ML80938854

$899,000
Aug 12, 2009

Withdrawn

MLSListings #ML80916455

Aug 12, 2009

Listed (Active)

MLSListings #ML80938854

$899,000
Apr 1, 2009

Listed (Active)

EBRD #ML80916455

$925,000
Apr 1, 2009

Listed (Active)

RESFAR #80916455

$925,000
Apr 1, 2009

Listed (Active)

MLSListings #ML80916455

$925,000
Sep 13, 2006

Sold

EBRD #ML80602703

$850,000
Sep 13, 2006

Sold

RESFAR #80602703

$850,000
Sep 13, 2006

Sold

MLSListings #ML80602703

$850,000
Aug 23, 2006

Sold (Public Record)

Public Record #201391652

$850,000
May 26, 2006

Pending

MLSListings #ML80602703

May 26, 2006

Pending

RESFAR #80602703

May 26, 2006

Pending

EBRD #ML80602703

Jan 17, 2006

Price Change

RESFAR #80602703

$1,000,000
Jan 17, 2006

Listed (Active)

RESFAR #80602703

$950,000
Jan 17, 2006

Listed (Active)

MLSListings #ML80602703

$1,000,000
Jan 17, 2006

Listed (Active)

EBRD #ML80602703

$1,000,000
Oct 19, 2005

Expired

EBRD #ML80527297

Oct 18, 2005

Expired

MLSListings #ML80527297

$1,000,000
Oct 18, 2005

Expired

RESFAR #80527297

May 18, 2005

Listed (Active)

MLSListings #ML80527297

$1,000,000
May 18, 2005

Listed (Active)

EBRD #ML80527297

$1,000,000
May 18, 2005

Listed (Active)

RESFAR #80527297

$1,000,000
DateEvent & SourcePrice
03/17/2026

Listed (Active)

EBRD #ML82038150

$1,600,000
03/17/2026

Listed (Active)

MLSListings #ML82038150

$1,600,000
03/14/2026

Pending

EBRD #ML82038150

03/14/2026

Contingent - Show

MLSListings #ML82038150

03/11/2026

Listed (Active)

EBRD #ML82038150

$1,600,000
03/11/2026

Listed (Active)

MLSListings #ML82038150

$1,600,000
09/21/2011

Sold

EBRD #ML81120866

$845,000
09/21/2011

Sold

MLSListings #ML81120866

$845,000
09/21/2011

Sold

RESFAR #81120866

$845,000
09/15/2011

Sold (Public Record)

Public Record #315666001

$845,000

-0.1% / yr

06/20/2011

Pending

RESFAR #81120866

06/20/2011

Pending

MLSListings #ML81120866

06/20/2011

Pending

EBRD #ML81120866

05/11/2011

Listed (Active)

MLSListings #ML81120866

$875,000
05/11/2011

Listed (Active)

EBRD #ML81120866

$875,000
05/11/2011

Listed (Active)

RESFAR #81120866

$875,000
12/02/2009

Expired

EBRD #ML80938854

12/01/2009

Expired

RESFAR #80938854

12/01/2009

Expired

MLSListings #ML80938854

$899,000
09/01/2009

Withdrawn

RESFAR #80916455

08/12/2009

Listed (Active)

RESFAR #80938854

$899,000
08/12/2009

Withdrawn

EBRD #ML80916455

08/12/2009

Listed (Active)

EBRD #ML80938854

$899,000
08/12/2009

Withdrawn

MLSListings #ML80916455

08/12/2009

Listed (Active)

MLSListings #ML80938854

$899,000
04/01/2009

Listed (Active)

EBRD #ML80916455

$925,000
04/01/2009

Listed (Active)

RESFAR #80916455

$925,000
04/01/2009

Listed (Active)

MLSListings #ML80916455

$925,000
09/13/2006

Sold

EBRD #ML80602703

$850,000
09/13/2006

Sold

RESFAR #80602703

$850,000
09/13/2006

Sold

MLSListings #ML80602703

$850,000
08/23/2006

Sold (Public Record)

Public Record #201391652

$850,000
05/26/2006

Pending

MLSListings #ML80602703

05/26/2006

Pending

RESFAR #80602703

05/26/2006

Pending

EBRD #ML80602703

01/17/2006

Price Change

RESFAR #80602703

$1,000,000
01/17/2006

Listed (Active)

RESFAR #80602703

$950,000
01/17/2006

Listed (Active)

MLSListings #ML80602703

$1,000,000
01/17/2006

Listed (Active)

EBRD #ML80602703

$1,000,000
10/19/2005

Expired

EBRD #ML80527297

10/18/2005

Expired

MLSListings #ML80527297

$1,000,000
10/18/2005

Expired

RESFAR #80527297

05/18/2005

Listed (Active)

MLSListings #ML80527297

$1,000,000
05/18/2005

Listed (Active)

EBRD #ML80527297

$1,000,000
05/18/2005

Listed (Active)

RESFAR #80527297

$1,000,000

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

Public Records for 132 East Reed Street

Taxable ValueLand$376,811Additions$684,546Total$1,061,357
Tax Record2025$16,896 ($1,408 / month)
Home Facts
Total Finished SqFt3,940 SqFtAbove Grade Finished SqFt3,940 SqFtStories2Lot Size6,027 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningC3CountySANTA CLARAAPN472-27-056Fireplace TypeHas Fireplace

Schools near 132 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

132 East Reed Street is for sale in San Jose, CA 95112. This property was listed for sale on March 11, 2026 by James Meech, Broker, it's currently listed at $1,600,000. It has been on the market for a total of 25 days and was last sold on September 21, 2011. 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. 132 East Reed Street is a 0-bed, 0-bath, 3,940 sqft built in 1955.

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 James Meech, Broker, Jim Meech, DRE #01145137

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.