Fremont Multifamily Development
For Sale
$6,790,000
585 Old Canyon Rd, Fremont, CA 94536
Two parcels totaling 1.58 acres in Niles district, Fremont.
Property SizeContact for details
Lot Size1.58 Acres
Days on Market81
Property Features for 585 Old Canyon Rd
General Information
Standard status
Active
Lot size
1.58 Acres
Property subtype
Commercial
Amenities
Central air
Attached Garage
Composition Roof
Guest Parking
Level
Off-Site Parking
Parking Area
Wall Furnace Heating
Wall to Wall Carpet Flooring
Window/Wall Unit Cooling
Building Details
Year Built
1938
Listing Agency:
RE/MAX ACCORD
(925) 838-4100
Listed By:
TODD CARTER · License #1235456
Source:
Corcoran
Added: May 25
Changed: Aug 8
Last Checked: Jul 16 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX ACCORD
Investment Insights
Based on property information with market context.
Located in the Niles district of Fremont, this offering includes two parcels totaling approximately 1.58 acres of land. Zoned R-6, the property presents redevelopment potential for developers, investors, and builders. The site is currently improved with 15 occupied apartment units, generating a net operating income of approximately $271,000 annually. The property is positioned near the historic Niles district, with access to downtown shops, dining, entertainment, parks, and commuter routes. The Niles district is known for its history, small-town character, and scenic surroundings, making it an attractive location for residential development. The R-6 zoning and lot size provide an opportunity for developers.
Key Highlights
- 1.58 acres of prime infill land in the desirable Niles district of Fremont.
- R‑6 zoning allows for significant residential redevelopment potential.
- Existing 15‑unit apartment building generates approximately $271,000 in annual net operating income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 94536, CA
73,172
Population
26,338
Households
2.8
Avg Household Size
38
Median Age
58%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
5,190
Density / Sq Mi
$156,672
Median Household Income
$87,943
Median Earnings
$2,835
Median Rent
$1,210,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two parcels totaling 1.58 acres in Niles district, Fremont.
Where is this residential land & home lot located?
The property is located at 585 Old Canyon Rd Fremont, CA.
What is the asking price?
The asking price for this property is $6,790,000.
What are key features of this property?
This property features: 1.58 acres of prime infill land in the desirable Niles district of Fremont.; R‑6 zoning allows for significant residential redevelopment potential.; Existing 15‑unit apartment building generates approximately $271,000 in annual net operating income.
