- $6M Price
- 1.58 Acres
- 113 DOM
585 Old Canyon Rd
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.
Essential Information
- MLS® #41135884
- Price$5,995,000
- Bathrooms0.00
- Acres1.58
- Year Built1938
- TypeResidential Income
- StatusActive
Community Information
- Address585 Old Canyon Rd
- SubdivisionNILES AREA
- CityFremont
- CountyAlameda
- Zip Code94536
Interior
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
Exterior
- ExteriorSee Remarks, Wood Siding
- Lot DescriptionStreet Level
- RoofShingle
- ConstructionSee Remarks, Wood Siding
Additional Information
- Date ListedMay 24th, 2026
- Days on Market113
Listing Details
- AgentTodd Carter
- OfficeRE/MAX Accord
Price Change History for 585 Old Canyon Rd, Fremont, (MLS® #41135884)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $6,790,000 to $5,995,000 |
Todd Carter, RE/MAX Accord.
Based on information from California Regional Multiple Listing Service, Inc. as of September 14th, 2026 at 11:29am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.