585 Old Canyon Rd, Fremont, California image 1
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585 Old Canyon Rd

Fremont, CA 94536
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$4,099,000 $17,281/Mo
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Bed --

Bed

Bath 0

Bath

SqFt34,600

Sqft(Lot)

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 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,099,000

AD Id : 91745295

MLS Id : 41150704

Lot Size : 34,600 Sq. Ft

Year Built : 1938

County : Alameda

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Feature Features

  • Interior Features

    Roof: Shingle

  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1938
    Construction Materials: SeeRemarks, WoodSiding
    Private Pool: No

  • Lot Information

    Main Square Feet: 34600 Lot Size Acres: 0.7943 Lot Size Square Feet: 34,600 Lot Description: StreetLevel

    Property Information

    Subdivision: NILES AREA Source Property Type: ResidentialIncome Property Age: 88

  • Listing Price Information

    Listing Price: $4099000

  • Tax Information

    Parcel Number: 50766012

  • Parking Information

    Parking Total: 16

  • Location Information

    Direction: Cross Street: Niles Canyon.
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information 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 Miami Association of REALTORS® 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 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/09/2026 @ 02:50

MLS: 41150704 LISTED BY: Todd Carter, RE/MAX Accord 925-838-4100 SOURCE: CRMLS

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