SoldOct 3, 2025

Listed by Michael Shields from SiliconValley MultiFamilyGroup

Bought with Jean Davila from Real Brokerage Technologies

Source: Bay East, Contra Costa, EBRD #ML82018905

2985 Walgrove Way, San Jose, CA, 95128

$1,950,000

3973 sq. ft.
9636 sq. ft.

Duplex

12 days on the market

Sold: Oct 3, 2025

What's around 2985 Walgrove Way

About this property

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.

Looking for more information on 2985 Walgrove Way?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties sold nearby

SoldMay 5, 2026
$1,295,000
870 Leigh Avenue
San Jose CA 95128
Duplex
Listing courtesy of Bettencourt Real Estate Services and Intero Real Estate Services
SoldApr 2, 2026
$1,400,000
1718 Hester Avenue
San Jose CA 95128
Duplex
Listing courtesy of Gary G. Gillmor, Broker
SoldFeb 12, 2026
$1,775,000
704 Concord Avenue
San Jose CA 95128
Duplex
Listing courtesy of Intero Real Estate Services and Compass

Other properties sold by SiliconValley MultiFamilyGroup

SoldFeb 27, 2026
$835,000
937 South 7th Street
San Jose CA 95112
3
2
Single-Family
Listing courtesy of SiliconValley MultiFamilyGroup
SoldFeb 23, 2026
$930,000
961 South 7th Street
San Jose CA 95112
Duplex
Listing courtesy of SiliconValley MultiFamilyGroup and Coldwell Banker Realty
SoldFeb 12, 2026
$840,000
935 South 7th Street
San Jose CA 95112
3
2
1
Single-Family
Listing courtesy of SiliconValley MultiFamilyGroup and Cr Realty & Mortgage

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent