585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
585 Old Canyon Rd, Fremont, CA 94536
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$5,495,000
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1.58 Acres Lot
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585 Old Canyon Rd Fremont, CA 94536

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Grant Inaba

Grant Inaba

+1(415) 992-2330

UPDATED:

Key Details

Property Type COMM RI MULTI-UNITS 5

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Niles Area

MLS Listing ID 41135884

HOA Y/N No

Year Built 1938

Lot Size 1.580 Acres

Acres 1.58

Property Sub-Type Multi Family

Property Description

An exceptional opportunity awaits at 559 & 585 Old Canyon Road in the highly sought-after Niles district of Fremont. Offered together, these two parcels combine for approximately 1.58 acres of prime infill land zoned R-6, presenting 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 attractive for future residential development. With R-6 zoning, substantial lot size, and an outstanding Fremont location, this offering provides developers the chance to capitalize on the continued demand for housing in the East Bay. Whether envisioned as a townhome community, apartment redevelopment, or a thoughtfully designed residential project, 559 & 585 Old Canyon Road represent a truly rare investment and development opportunity in the heart of Fremont.

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet

Fireplace No

Building

Lot Description Level, Premium Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 50766012

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Todd Carter • RE/MAX Accord

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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585 Old Canyon Rd

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