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.
For sale
$1,750,000
45 S 22nd St, San Jose, CA 95116
4beds
4baths
3,122sqft
Quadruplex, Residential Income
Built in 1990
-- sqft lot
$1,700,200 Zestimate®
$561/sqft
$-- HOA
What's special
- 40 days
- 349
- 14
Zillow last checked:
Listing updated:
Listed by:
Cassandra Smillie Wyckoff 02208464 650-224-7190,
Marcus & Millichap 650-391-1700
Source: MLSListings Inc,MLS#: ML82055127
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Kitchen
- Features: Countertop_Granite
Heating
- Central Forced Air
Cooling
- Central Air, Gas
Appliances
- Included: Electric Cooktop, Dishwasher, Disposal, Range Hood, Electric Oven, Built In Oven/Range, Washer/Dryer
Features
- High Ceilings, Walk-In Closet(s)
- Flooring: Other
Interior area
- Total structure area: 3,122
- Total interior livable area: 3,122 sqft
Property
Parking
- Total spaces: 6
- Parking features: Common
- Carport spaces: 1
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
Lot
- Size: 7,797 Square Feet
Details
- Parcel number: 46731046
- Zoning: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter, Crawl Space
- Roof: Shingle
Condition
- Year built: 1990
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $561/sqft
- Tax assessed value: $1,650,178
- Annual tax amount: $22,744
- Date on market: 7/22/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Building, DishwasherAllUnits, Equipment, FixturesandEquipment, Land, OvenRangeAllUnits
Estimated market value
$1,700,200
$1.62M - $1.79M
$3,609/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $1,750,000+12.5%$561/sqft |
Source:  MLSListings Inc #ML82055127 Report a problem | ||
| 7/18/2022 | Sold | $1,555,000+3.7%$498/sqft |
Source: Public Record Report a problem | ||
| 6/17/2022 | Contingent | $1,499,000$480/sqft |
Source:  MLSListings Inc #ML81889860 Report a problem | ||
| 6/10/2022 | Listed for sale | $1,499,000$480/sqft |
Source: MLSListings Inc #ML81889860 Report a problem | ||
| 5/12/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/3/2022 | Listed for rent | $2,000-4.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/10/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/29/2019 | Listing removed | $2,100$1/sqft |
Source: Owner Report a problem | ||
| 8/29/2019 | Listed for rent | $2,100+5%$1/sqft |
Source: Owner Report a problem | ||
| 2/4/2019 | Listing removed | $2,000$1/sqft |
Source: Owner Report a problem | ||
| 12/17/2018 | Listed for rent | $2,000$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,650,178 +2% |
| 2025 | $22,837 +6.1% | $1,617,822 +2% |
| 2024 | $21,514 +2.2% | $1,586,100 +2% |
| 2023 | $21,060 +125% | $1,555,000 +192.6% |
| 2022 | $9,361 +3.4% | $531,421 +2% |
| 2021 | $9,054 +3.1% | $521,001 +1% |
| 2020 | $8,783 | $515,660 +2% |
| 2019 | $8,783 +4.3% | $505,550 +2% |
| 2018 | $8,419 | $495,638 +2% |
| 2017 | $8,419 +1.2% | $485,921 +2% |
| 2016 | $8,321 +3.9% | $476,395 +1.5% |
| 2015 | $8,006 +14% | $469,240 +2% |
| 2014 | $7,023 | $460,049 +0.5% |
| 2013 | -- | $457,971 +2% |
| 2012 | -- | $448,992 +2% |
| 2011 | -- | $440,189 +0.8% |
| 2010 | -- | $436,900 -0.2% |
| 2009 | -- | $437,939 +2% |
| 2008 | -- | $429,353 +2% |
| 2007 | -- | $420,935 +2% |
| 2006 | -- | $412,682 +2% |
| 2005 | -- | $404,592 +2% |
| 2004 | -- | $396,660 +1.9% |
| 2003 | -- | $389,391 +2% |
| 2002 | -- | $381,757 +2% |
| 2001 | -- | $374,272 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
Nearby schools
Schools provided by the listing agent
- Elementary: SelmaOlinderElementary
- High: SanJoseHighAcademy
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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