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$1,750,000

  • For Sale
  • Active
  • Multi-Family
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Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layouttwo units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.

Full Property Details for 45 22nd St

General

  • Price: $1,750,000
  • Status: Active
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML82055127
  • Updated: 7/22/2026
  • Added to Site: 40 day(s) ago

Interior

  • Interior Features: High Ceiling , Walk-In Closet
  • Flooring: Other

Rooms

Other Rooms

  • Kitchen: Electric Cooktop, Granite Countertop, Dishwasher, Garbage Disposal, Hood over Range, Electric Oven, Built-In Oven/Range
  • Laundry: Washer / Dryer

Additional Information

  • Extras: Not Applicable
  • Security/Safety: Security Lights, Varies by Unit, Video / Audio System

Parking

  • Parking Features: Common Parking Area

Location

  • Area: Central San Jose
  • County: Santa Clara

Heating & Cooling

  • Cooling Type: Central AC, Central Air Conditioning (Gas/Forced Air)
  • Heating Type: Central Air (Forced Air)

Utilities

  • Sewer: Public Sewer
  • Water: Individual Water Meter, Public
  • Telecomm.: None
  • Utility Description: Individual Electric Meters, Individual Gas Meters
  • Metering: Separate Electric, Separate Gas, Separate Water

Structural Information

  • Foundation: Concrete Perimeter, Crawlspace
  • Roof: Shingle
  • Disability Access: Parking
  • Square Feet: 3,122
  • Year Built: 1990

Unit Information

Unit 1

  • Square Feet: 780
  • Bedrooms: 1

Unit 2

  • Square Feet: 780
  • Bedrooms: 1

Unit 3

  • Square Feet: 780
  • Bedrooms: 1

Unit 4

  • Square Feet: 780
  • Bedrooms: 1

Lot Features

  • Minimum Lot Size: 7797
  • Lot Size (Sq. Ft.): 7,797
  • Building Sites: 1
  • Zoning: RM

Listed by Marcus & Millichap, Cassandra Smillie Wyckoff

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Listing agent

— 45 22nd St —

  • Cassandra Smillie Wyckoff

    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 45 22nd St

School District:San Jose Unified School District
NameGradesDistance
Selma Olinder Elementary School
890 East William Street, San Jose, CA 95116
K-50.5 mi
Muwekma Ohlone Middle
850 North 2nd Street, San Jose, CA 95112
6-81.9 mi
San Jose High School
275 North 24th Street, San Jose, CA 95116
9-120.4 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 45 22nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/22/2026
Listed
$1,750,000
12.54%
MLS
7/12/2022
Sold
$1,555,000
—
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 45 22nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,837
—
$1,650,178
2%
2025
$22,837
6%
$1,617,822
2%
2024
$21,514
2%
$1,586,100
2%
2023
$21,060
125%
$1,555,000
193%
2022
$9,361
3%
$531,421
2%
2021
$9,054
3%
$521,001
1%
2020
$8,783
3%
$515,660
2%
2019
$8,544
1%
$505,550
2%
2018
$8,419
1%
$495,638
2%
2017
$8,321
3%
$485,921
2%
2016
$8,096
1%
$476,395
2%
2015
$8,006
14%
$469,240
2%
2014
$7,023
1%
$460,049
—
2013
$6,961
—
$457,971
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Marcus & Millichap, Cassandra Smillie Wyckoff

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45 22nd St, San Jose, CA 95116 (MLS# ML82055127) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 45 22nd St is currently listed for $1,750,000 and was received on July 22, 2026. Want to learn more about 45 22nd St? Do you have questions about finding other Multi-Family 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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