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603 Penitencia Street, 
Milpitas, CA 95035

$1,699,999

—

Bed

—

Bath

1,860

Sq Ft

Multi-Family

Active

Listed by

Inary Zou

Keller Williams Thrive

Last updated:

April 14, 2026, 04:11 PM

MLS#

82039573

Source:

CAREIL

About This Home

603 Penitencia Street

Rare opportunity to own an expansive single-story duplex situated on a premium quarter-acre corner lot in one of Silicon Valleys most desirable cities. This versatile property offers a compelling blend of immediate rental income, significant recent upgrades, and future development potential. The property features two well-proportioned units, including one tenant-occupied unit providing stable income and one unit (lease end in May) ideal for owner-occupancy or premium rental. Both units have been improved with approximately $200K in total renovations, enhancing overall condition and livability. Upgrades include new luxury vinyl flooring, fresh interior paint, updated kitchen cabinetry, granite countertops, reroof and more. Each unit enjoys its own oversized private backyard, along with an attached garage featuring washer/dryer hookups, offering both comfort and convenience.The expansive quarter-acre corner lot presents excellent ADU and expansion possibilities (buyer to verify with city), creating additional income potential and long-term upside.Ideally located with easy access to Highways 680 and 880, and within highly rated school boundaries including Curtner Elementary, Thomas Russell Middle, and Milpitas High School.

Home Facts

Multi-Family

Built in 1961

Price Summary

1,699,999

$913 per Sq. Ft.

MLS #:

82039573

Last Updated:

April 14, 2026, 04:11 PM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

1,860 Sq. Ft.

Structure

Structure

Building Area:

1,860 Sq. Ft.

Year Built:

1961

Lot

Lot Size (Sq. Ft):

11,025

Finances & Disclosures

Finances

Price:

$1,699,999

Price per Sq. Ft:

$913 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.