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585 Old Canyon Rd, Fremont, CA 94536

Fremont
Local realty services provided by:CENTURY 21 Affiliated
585 Old Canyon Rd,Fremont, CA 94536
$5,995,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: todd carter
Office: re/max accord925-838-4100
MLS#:41135884
Source:CRMLS

Price summary

  • Price:$5,995,000

About this home

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...

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Home facts

  • Year built:1938
  • Subdivision & Development:NILES AREA
  • Listing ID #:41135884
  • Added:112 day(s) ago
  • Updated:September 14, 2026 at 11:13 AM

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1938
  • Lot area:1.58 Acres
  • Lot Features:Street Level
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$5,995,000
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Affiliated is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Affiliated, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Nikki Coppa

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