585 Old Canyon Rd
Fremont, CA 94536
0
Bed
0
Bath
68,824Sqft(Lot)
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 nea
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1938Construction Materials: See Remarks, Wood SidingPrivate Pool: No
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Lot Information
Main Square Feet: 68824 Lot Size Acres: 1.58 Lot Size Square Feet: 68,824 Lot Description: Street LevelProperty Information
Subdivision: NILES AREA Source Property Type: Residential Income Property Age: 88
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Listing Price Information
Listing Price: $6790000
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Tax Information
Parcel Number: 50766012
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Location Information
Direction: Cross Street: Niles Canyon.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Farwell Dr, Fremont, CA, 94536 | $1,575,000 | 3 | 2 | 1,883 | 1,883 SqFt |
| Stenhammer Drive, Fremont, CA, 94536 | $1,899,900 | 3 | 3 | 2,042 | 2,042 SqFt |
| 38047 Stenhammer Drive, Fremont, CA, 94536 | $1,998,888 | 4 | 4 | 4,093 | 4,093 SqFt |
| 38371 Canyon Heights Dr.., Fremont, CA, 94536 | $1,295,000 | 4 | 3 | 1,440 | 1,440 SqFt |
| 919 Old Canyon Road, Fremont, CA, 94536 | $1,999,888 | 4 | 4 | 2,194 | 2,194 SqFt |
| 711 Old Canyon Rd., Fremont, CA, 94536 | $194,000 | 2 | 2 | -- | |
| 337 I St, Fremont, CA, 94536 | $2,450,000 | 6 | 3 | 3,590 | 3,590 SqFt |
| Barnes Lane, Fremont, CA, 94536 | $1,660,000 | 4 | 3 | 1,603 | 1,603 SqFt |
| 330 Hillview Drive, Fremont, CA, 94536 | $1,699,000 | 3 | 2 | 1,824 | 1,824 SqFt |
| 38179 Acacia Ct, Fremont, CA, 94536 | $1,799,000 | 4 | 3 | 2,588 | 2,588 SqFt |
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ByOwner last updated this listing 07/22/2026 @ 06:24
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