6.14% cap rate // 9.81 GRM based on current rents. 100% 2x2 floor plans. Marcus & Millichap is excited to present Kennedy Hall, a rare opportunity to acquire a well-located, multifamily asset just steps from San Jose State University. The property features 28 spacious two-bedroom, two-bath units totaling approximately 25,855 square feet of rentable space on a 0.58-acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two-bedroom layout with maximum privacy. This optimal rental configuration, combined with the propertys close proximity to campus and an assumable Chase Bank loan fixed at 4.51% through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long-term demand.
Sold for $7,600,000
$7,600,000
South 10th, San Jose, CA 95112
2beds
2baths
25,855sqft
Five Or More Units, Residential Income
Built in 1964
-- sqft lot
$7,497,000 Zestimate®
$294/sqft
$2,292 Estimated rent
Home value
$7,497,000
$6.90M - $8.17M
$2,292/mo
Zestimate® history
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$2,292/mo
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$2,292/mo
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$47,906/mo
Est. payment
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$47,906/mo
Est. payment
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List your homeWhat's special
Functional layoutMaximum privacySpacious two-bedroom two-bath units
Zillow last checked:
Listing updated:
Listed by:
Jimmy Castellanos 02024152 408-483-5040,
Marcus & Millichap 650-391-1700
Bought with:
Jimmy Castellanos, 02024152
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML82016658
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Cooktop, Electric Oven/Range
- Laundry: Coin Operated
Features
- Flooring: Carpet, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 25,855
- Total interior livable area: 25,855 sqft
Property
Parking
- Parking features: Assigned, Carport, Common
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.58 Acres
Details
- Parcel number: 47229098
- Zoning: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab
- Roof: Composition, Shingle
Condition
- Year built: 1964
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & neighborhood
Location
- Region: San Jose
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Sold | $7,600,000-7.3%$294/sqft |
Source:  MLSListings Inc #ML82016658 Report a problem | ||
| 10/20/2025 | Pending sale | $8,200,000$317/sqft |
Source: MLSListings Inc #ML82016658 Report a problem | ||
| 10/1/2025 | Price change | $8,200,000-3.5%$317/sqft |
Source: MLSListings Inc #ML82016658 Report a problem | ||
| 8/1/2025 | Listed for sale | $8,500,000$329/sqft |
Source: MLSListings Inc #ML82016658 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 3/10Horace Mann Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Muwekma Ohlone MiddleGrades: 6-8Distance: 1.2 mi
- 5/10San Jose High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: LowellElementary_1
- Middle: HerbertHooverMiddle_1
- High: AbrahamLincolnHigh_1
- 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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Estimated market value
$7,497,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$7,497,000
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