Marcus & Millichap is pleased to present the investment opportunity North 18th Flats located at 502, 504, 506 and 508 N. 18th Street San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.25 acres and features a gross building area of approximately 4308 square feet. The property features two duplex style buildings four three bed/one bath units of about 1077 square feet. Each unit contains modern appliances, upgraded windows, and washer dryer hook ups. The property offers an in place Cap Rate of 5.55 with a 13.01 GRM - PROFORMA CAP RATE OF 7.46 and 10.47 PROFORMA GRM
For sale
$1,900,000
502 N 18th St, San Jose, CA 95112
12beds
4baths
4,308sqft
Quadruplex, Residential Income
Built in 1971
-- sqft lot
$-- Zestimate®
$441/sqft
$-- HOA
What's special
- 82 days
- 268
- 11
Zillow last checked:
Listing updated:
Listed by:
Michael Henshaw 01134592 650-269-6453,
Marcus & Millichap 650-391-1700
Source: MLSListings Inc,MLS#: ML82050750
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Other
Features
- Doors: Other
Interior area
- Total structure area: 4,308
- Total interior livable area: 4,308 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off Street, On Street, Parking Area
- Has carport: Yes
Accessibility
- Accessibility features: Other
Features
- Stories: 2
Lot
- Size: 0.25 Acres
Details
- Parcel number: 24926069
- Zoning: R3B
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Other
- Roof: Other
Condition
- Year built: 1971
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $564,806
- Annual tax amount: $22,950
- Date on market: 6/11/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Other, OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $1,900,000+458.8%$441/sqft |
Source:  MLSListings Inc #ML82050750 Report a problem | ||
| 4/21/1997 | Sold | $340,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $564,806 +2% |
| 2025 | $13,980 +4% | $553,732 +2% |
| 2024 | $13,446 +3.3% | $542,876 +2% |
| 2023 | $13,021 +1.8% | $532,232 +2% |
| 2022 | $12,789 +4.7% | $521,797 +2% |
| 2021 | $12,220 +6.5% | $511,567 +1% |
| 2020 | $11,472 | $506,322 +2% |
| 2019 | $11,472 +6.6% | $496,396 +2% |
| 2018 | $10,756 | $486,664 +2% |
| 2017 | $10,756 +1.6% | $477,122 +2% |
| 2016 | $10,587 | $467,768 +1.5% |
| 2015 | -- | $460,742 +2% |
| 2014 | -- | $451,717 +0.5% |
| 2013 | -- | $449,677 +2% |
| 2012 | -- | $440,861 +2% |
| 2011 | -- | $432,217 +0.8% |
| 2010 | -- | $428,988 -0.2% |
| 2009 | -- | $430,008 +2% |
| 2008 | -- | $421,578 +2% |
| 2007 | -- | $413,312 +2% |
| 2006 | -- | $405,209 +2% |
| 2005 | -- | $397,264 +2% |
| 2004 | -- | $389,476 +1.9% |
| 2003 | -- | $382,339 +2% |
| 2002 | -- | $374,843 +2% |
| 2001 | -- | $367,494 |
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
- 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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