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$1,600,000

  • For Sale
  • Active
  • Commercial Residential Facility
  • 3,940 Sq. Ft.
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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.

Full Property Details for 132 E Reed St

General

  • Price: $1,600,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: RE_Infolink
  • MLS ID: ML82038150
  • Updated: 3/17/2026
  • Added to Site: 22 day(s) ago

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: Off-Site Parking

Location

  • Area: Central San Jose
  • County: Santa Clara
  • Cross Streets: S. 4th

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Sewer Connected
  • Water: Public
  • Utility Description: Public Utilities
  • Metering: Master Water, Separate Electric, Separate Gas

Structural Information

  • Construction: Brick, Wood Frame
  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • Disability Access: Parking
  • Square Feet: 3,940
  • Year Built: 1955

Unit Information

Unit 1

  • Square Feet: 480
  • Bedrooms: 1

Unit 2

  • Square Feet: 480
  • Bedrooms: 1

Unit 3

  • Square Feet: 480
  • Bedrooms: 1

Unit 4

  • Square Feet: 480
  • Bedrooms: 1

Lot Features

  • Minimum Lot Size: 6027
  • Building Sites: 1
  • Zoning: C3

Disclosures and Reports

  • Restrictions: None

Listed by James Meech, Broker, Jim Meech

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Listing agent

— 132 E Reed St —

  • Jim Meech

    James Meech, Broker

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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 132 E Reed St

School District:San Jose Unified School District
NameGradesDistance
Gardner Elementary School
502 Illinois Avenue, San Jose, CA 95125
K-51 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 132 E Reed St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2026
Listed
$1,600,000
89.35%
MLS
9/15/2011
Sold
$845,000
—
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 132 E Reed St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,896
5%
$1,061,357
2%
2024
$16,027
3%
$1,040,547
2%
2023
$15,580
1%
$1,020,145
2%
2022
$15,493
3%
$1,000,143
2%
2021
$15,067
1%
$980,533
1%
2020
$14,857
2%
$970,480
2%
2019
$14,548
1%
$951,452
2%
2018
$14,386
1%
$932,797
2%
2017
$14,243
2%
$914,508
2%
2016
$13,936
1%
$896,577
2%
2015
$13,761
3%
$883,110
2%
2014
$13,364
1%
$865,812
—
2013
$13,249
—
$861,900
—
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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NMLS#: 1598647

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Listed by James Meech, Broker, Jim Meech

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132 E Reed St, San Jose, CA 95112 (MLS# ML82038150) is a Commercial Residential Facility property. 132 E Reed St is currently listed for $1,600,000 and was received on March 11, 2026. Want to learn more about 132 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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