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.
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Listing Snapshot
Price
$8,200,000
Days On Site
92 Days
Bedrooms
N/A
Inside Area (SqFt)
25,855 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.5798 Acres
Year Built
1964
MLS® Number
ML82016658
Status
Pending
Property Tax
$97,181
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
2 weeks ago
Status changed to Pending
a month ago
Price changed to $8,200,000
3 months ago
Listing first seen on site
General Features
Acres
0.5798
Carport
33
Special Circumstances
Standard
SqFt Total
25855
Water Source
Public
Zoning
RM
Interior Features
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace
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Exterior Features
Roof
CompositionShingle
Community Features
MLS Area
699 - Not Defined
School District
San Jose Unified
Schools
School District
San Jose Unified
Elementary School
Lowell
Middle School
Herbert Hoover
High School
Abraham Lincoln
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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