585 Old Canyon Rd, Fremont, CA 94536

Fremont
Local realty services provided by:ERA Donahoe Realty
585 Old Canyon Rd,Fremont, CA 94536
$4,099,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: todd carter
Office: re/max accord925-838-4100
MLS#:41150704
Source:CRMLS

Price summary

  • Price:$4,099,000

About this home

An exceptional opportunity awaits at 559 Old Canyon Road in the highly sought-after Niles district of Fremont. Tremendous upside potential for developers, investors, and builders seeking a rare large-scale residential redevelopment opportunity in one of the Bay Area’s most desirable submarkets. Currently situated on 559 Old Canyon Road are 15 occupied apartment units generating an impressive net operating income of approximately $271,000 annually, providing immediate cash flow while plans and entitlements are pursued. The combination of strong in-place income and valuable development potential creates a unique opportunity rarely found in today’s market. Positioned near the historic and charming Niles district, the property benefits from close proximity to vibrant downtown shops, dining, entertainment, parks, and commuter routes. Niles is widely recognized for its rich history, small-town character, scenic surroundings, and strong community appeal, making this location especially...

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Home facts

  • Year built:1938
  • Subdivision & Development:NILES AREA
  • Listing ID #:41150704
  • Added:19 day(s) ago
  • Updated:October 28, 2026 at 08:22 AM

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1938
  • Lot area:0.79 Acres
  • Lot Features:Street Level
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$4,099,000

Parking

  • Total parking spaces:16
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