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An exceptional value-add opportunity awaits at 345-347 S 21st Street in San Jose's Brookwood Terrace neighborhood. Set on a generous 7,800 sq ft lot, this property features over 4,066 sq ft of living space across two expansive 2,033 sq ft units (3 beds each). Delivered 100% vacant, this rare multi-family setup allows investors or house-hackers to renovate immediately and capitalize on market rents. Each unit includes a dedicated two-car garage, private yard space, and in-unit laundry. A secure gated driveway provides controlled access and extra off-street parking. Conveniently located, tenants enjoy quick access to San Jose State University (SJSU), Downtown San Jose dining, parks, local schools, and major commuter freeways (HWY 101, 280, 87). While the property needs work, it offers huge upside to build instant equity in a prime growth area. Renovation will maximize cash flow in a high-demand Silicon Valley rental market with strong long-term appreciation. Bring your contractor and vision to unlock this property's full potential. This property also has the ability to live in one unit and rent the other. Property was appraised at $2,134,000 in as in condition. Copy of appraisal in the disclosure package.
Property Type(s):
Residential Income
| Last Updated | 10/8/2026 | Tract | DOWNTOWN |
|---|---|---|---|
| Year Built | 2008 | County | Santa Clara |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| CONSTRUCTION | See Remarks |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 7802 sq ft |
| LOT DESCRIPTION | Back Yard |
| LOT DIMENSIONS | 7800 |
| PARKING | Garage |
| SUBDIVISION | DOWNTOWN |
Location
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Listed with Keller Williams Realty
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