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Back 2985 Walgrove Way
Off Market

2985 Walgrove Way

San Jose CA 95128

3973 sq. ft.
9636 sq. ft.
Duplex
Last sold for $1,950,000
Michael ShieldsMichael Shields, last sold this property on 03 October 2025 after 42 days on market.

Overview

Turnkey fourplex in desirable West San Jose offers strong investment potential with a balanced unit mix: one 3BR/2BA, two 2BR/1.5BA, and one 1BR/1BA unit. The three larger units feature HVAC systems while the smaller unit has window A/C and a wall heater. Built in 1968, the 3,973 SF building sits on a 9,636 SF lot and includes 12 parking spaces (6 covered, 6 open) plus shared laundry generating approximately $250 monthly in additional income. The property generates $113,904 in annual gross income with a 3.48% cap rate and 16.68 gross rent multiplier. Located just 1.2 miles from Santana Row and 2 miles from Westfield Valley Fair, it offers excellent access to I-280, Highway 17, and San Tomas Expressway, plus proximity to top-rated schools within one mile. San Jose's tech-driven economy continues to support strong rental demand despite recent sector adjustments. With vacancy rates at just 3.8%, rent growth at 2.7%, and high home prices keeping buyers in the rental market, multifamily properties are well-positioned for long-term appreciation and income growth. The property is subject to San Jose's Apartment Rent Ordinance and Tenant Protection Ordinance.

Features

3973 sq. ft. floor area
9636 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in San Jose over the last 12 months, the estimated median property value of 2985 Walgrove Way is $1.57m.

Median value
$1.57m
Estimated value range
$1.12m - $2.1m
Median days on market
37
Estimated value trend
-5%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in San Jose. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2985 Walgrove Way

2025
Sold
$1,950,000
03 Oct 2025 by Michael Shields, of SiliconValley MultiFamilyGroup

Happy sellers in San Jose

~%

We have insufficient information to provide an overview of customer satisfaction for San Jose. Viewing the agent profiles, reviews and sales for San Jose can provide insights for this location.

Local market activity for duplexes in San Jose

In the last 12 months, 14 duplexes similar to 2985 Walgrove Way, have been sold.

This represents a 7% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in San Jose

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Jacqualeene Campbell

Sellers who recommend Jacqualeene Campbell have praised them for being local expert, responsive, clear communication, supportive, detail-oriented, empathetic, and reliable

  •   5   (35 reviews)
  •  1 Review in San Jose
  •  2 Sales in San Jose
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Helen He

Sellers who recommend Helen He have praised them for being local expert, great negotiation, reliable, dedicated, detail-oriented, responsive, and supportive

  •   5   (116 reviews)
  •  1 Review in San Jose
  •  1 Sale in San Jose
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Manjit Hundle

Sellers who recommend Manjit Hundle have praised them for being local expert, clear communication, responsive, supportive, dedicated, reliable, and detail-oriented

  •   5   (58 reviews)
  •  1 Review in San Jose
  •  1 Sale in San Jose
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Matt Roth

Matt Roth is a recommended agent for San Jose.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in San Jose
  •  1 Sale in San Jose
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