627 South 3rd, San Jose, CA 95112
627 South 3rd, San Jose, CA 95112
Property Description
Rare opportunity to own a distinctive multifamily property in the heart of Downtown San Jose. Ideally located near the intersection of S. 3rd Street and E. Reed Street, this spacious property offers approximately 2,388 square feet with a flexible layout featuring 9 bedrooms, 4 bathrooms, and 3 kitchens. The property has undergone numerous interior updates, offering a refreshed and functional living environment while maintaining its historic character. The exterior has been freshly painted throughout, providing a clean and attractive new look. With its generous bedroom count, multiple kitchens, and versatile layout, the property offers a variety of possibilities for investors, extended-family living, or owner-users, subject to applicable city requirements and approvals. Additional features include a detached garage and convenient access to Downtown San Jose, San Jose State University, restaurants, shopping, entertainment, public transportation, and major employment centers. A unique multifamily opportunity combining historic character, extensive interior updates, and a freshly painted exterior in a highly convenient San Jose location.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
San Jose · Single Family Residence
Listed 34.4% below the median closed sale of $2,270,000. Price per sqft ($624) is a 34% discount to closed comps ($949). Closed comps sold at 101% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 7129 Cerro Crest Dr | San Jose | 2006 | 4 | 3 | 2,141 | 3,485 | $700 | $1.50M | 40 | 68 |
| 147 Sweetberry Ct. | San Jose | 1979 | 4 | 4 | 2,209 | 6,041 | $647 | $1.43M | 38 | 67 |
| 3267 Sueno Drive | San Jose | 1965 | 4 | 3 | 2,396 | 6,100 | $624 | $1.50M | 88 | 67 |
| 1692 Via Campo Verde | San Jose | 1997 | 5 | 3 | 2,642 | 4,141 | $946 | $2.50M | 213 | 66 |
| 410 19Th St | San Jose | 1997 | 4 | 3 | 1,836 | 4,550 | $762 | $1.40M | 19 | 66 |
| Total: 5 · Average | 4.2 | 3.2 | 2,244.8 | 4,863.4 | $735.8 | $1.66M | 79.6 | |||
| Median | 2,209 | $1.50M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1158 Fremont St | San Jose | 1918 | 08/13/2026 | 5 | 4 | 2,688 | 5,113 | $2.00M | $2.00M | $744 | 1.00 | 78 | 73 |
| 1065 Bennett Way | San Jose | 1937 | 09/15/2026 | 4 | 4 | 2,586 | 5,712 | $2.69M | $2.65M | $1,025 | 0.98 | 25 | 70 |
| 1317 Mildred Ave | San Jose | 1936 | 08/21/2026 | 3 | 2 | 2,272 | 5,100 | $2.75M | $2.58M | $1,136 | 0.94 | 34 | 66 |
| 2556 Monte Lindo Ct | San Jose | 1992 | 09/18/2026 | 5 | 3 | 2,476 | 5,890 | $2.19M | $2.27M | $917 | 1.04 | 14 | 66 |
| 6223 Valroy Dr | San Jose | 1971 | 08/04/2026 | 5 | 3 | 2,325 | 6,300 | $1.98M | $2.15M | $925 | 1.09 | 28 | 65 |
| Total: 5 · Average | 4.4 | 3.2 | 2,469.4 | 5,623 | $2.33M | $2.33M | $949.4 | — | 35.8 | ||||
| Median | 2,476 | $2.27M | $2.27M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.