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$2,475,000 -$100,000 (-3.88%) Price Reduced

  • For Sale
  • Active
  • Commercial Residential Facility
  • 4,386 Sq. Ft.
  • 0.2 Acres
  • Updated 11 hours ago
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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.

Full Property Details for 128 E Reed St

General

  • Price: $2,475,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: RE_Infolink
  • MLS ID: ML82034411
  • Updated: 3/13/2026
  • Added to Site: 31 day(s) ago

Interior

  • Flooring: Vinyl / Linoleum

Rooms

Other Rooms

  • Kitchen: Marble Countertop
  • Laundry: Coin-Operated, Washer/Dryer in Some Units

Additional Information

  • Security/Safety: Security Fence

Parking

  • Parking Features: Assigned Spaces

Location

  • Area: Central San Jose
  • County: Santa Clara
  • Cross Streets: South Third Street

Community

  • Assoc. Fees Include: Additional Storage, Community Security Gate

Heating & Cooling

  • Cooling Type: Ceiling Fan, Central AC

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Individual Electric Meters, Individual Gas Meters
  • Metering: Master Water, Separate Electric, Separate Gas

Structural Information

  • Construction: Wood Frame
  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Disability Access: None
  • Square Feet: 4,386
  • Year Built: 1980

Unit Information

Unit 1

  • Square Feet: 500

Unit 2

  • Square Feet: 850
  • Bedrooms: 2

Unit 3

  • Square Feet: 900
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.2
  • Minimum Lot Size: 8833
  • Building Sites: 1
  • Grounds/Landscape: Back Yard, Balcony / Patio, Courtyard, Fenced
  • Zoning: R3

Disclosures and Reports

  • Restrictions: None

Listed by Marcus & Millichap, Jimmy Castellanos

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Listing agent

— 128 E Reed St —

  • Jimmy Castellanos

    Marcus & Millichap

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 128 E Reed St

School District:San Jose Unified School District
NameGradesDistance
Gardner Elementary School
502 Illinois Avenue, San Jose, CA 95125
K-50.9 mi
Herbert Hoover Middle School, San Jose, CA
1635 Park Avenue, San Jose, CA 95126
6-82.4 mi
Abraham Lincoln High School
555 Dana Avenue, San Jose, CA 95126
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 128 E Reed St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Price Reduced
$2,475,000
-3.88%
MLS
2/10/2026
Listed
$2,575,000
18.66%
MLS
10/24/2017
Sold
$2,170,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 128 E Reed St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$26,057
2%
$1,989,000
2%
2024
$25,506
-12%
$1,950,000
-18%
2023
$28,873
-4%
$2,373,210
2%
2022
$30,074
2%
$2,326,678
2%
2021
$29,489
2%
$2,281,057
1%
2020
$29,013
2%
$2,257,668
2%
2019
$28,453
1%
$2,213,400
2%
2018
$28,202
67%
$2,170,000
81%
2017
$16,916
2%
$1,201,682
2%
2016
$16,627
11%
$1,178,121
13%
2015
$15,009
2%
$1,041,381
2%
2014
$14,680
1%
$1,020,983
—
2013
$14,558
—
$1,017,357
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Marcus & Millichap, Jimmy Castellanos

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128 E Reed St, San Jose, CA 95112 (MLS# ML82034411) is a Commercial Residential Facility property. 128 E Reed St is currently listed for $2,475,000 and was received on February 10, 2026. Want to learn more about 128 E Reed St? Do you have questions about finding other Commercial Residential Facility real estate for sale in San Jose? You can browse all San Jose real estate or contact a Coldwell Banker agent to request more information.

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