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.
RARE MULTI-UNIT INVESTMENT OPPORTUNITY IN FREMONT, CA! A Premier 5-Unit Dwelling. Don't miss this exceptionally rare opportunity to acquire a desirable five-unit income property in the high-demand Fremont market. It lies at the end of a cul-de-sac with its own private entrance on the back side of the complex, with the front entrance gate sealed off from through traffic for resident privacy. The rare Silicon Valley location has 4 of the 5 units that are private 2 story dwellings with no units above or below them, & a single story unit with a very big private yard, both unheard of features with multi-plexes. Property has brand new roof & gutters installed. The single-story, 3-bedroom, 2-bathroom unit at the front of the complex, includes central heat and AC. Additionally, the other 4 units feature 2 bedrooms and 1.5 bathrooms, with small private back yards. The complex features 12 total parking spaces, including 2 dedicated per unit, plus 2 extra spots. All five units are currently tenant-occupied. Typically, the properties available for investment in Fremont are duplexes, triplexes, or fourplexes. Five-unit properties are extremely rare, especially in this specific Fremont location, which boasts exceptional schools and is minutes away from convenient commuting options.
Huge price reduction! Introducing a multifamily investment opportunity located at 40775 Max Dr in Fremont. This 3,660 SF property features four spacious 2BD/1BA units, offering strong in-place income with meaningful upside for multifamily investors. Built in 1968 and zoned R-3, the property sits on a large lot with potential to enhance returns through RUBS implementation and future ADU development (buyer to verify). Ideally located near Downtown Fremont and a wide array of retail, dining, and transit options, the property benefits from excellent tenant appeal and long-term demand drivers. This is a rare opportunity to acquire a value-add multifamily asset in a highly desirable Fremont submarket.
Fremont is located in California. Fremont, California has a population of 231,502. Fremont is more family-centric than the surrounding county with 47.68% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Fremont, California is $153,475. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Fremont is 38.4 years.
The average high temperature in July is 76.8 degrees, with an average low temperature in January of 42.4 degrees. The average rainfall is approximately 16 inches per year, with 0 inches of snow per year.
