Home | Alameda County | Fremont | 94536 | 585 Old Canyon Rd
MLS: BE41135884 | Status: | Price: $6,790,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 0 | 1.58 | 1938 |
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
| Field | Value |
|---|---|
| MLS # | BE41135884 |
| MLS Source | Bay East |
| Days on Site | 10 |
| Feature | Details |
|---|---|
| Flooring | Carpet - Wall to Wall |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Guest / Visitor Parking, Off-Site Parking, Parking Area, Garage: Car(s) |
| Complex Amenities | Other |
Todd Carter
RE/MAX Accord
License #: 01235456
Phone: (925) 914-5844
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Vallejo Mill Elementary School | public | TK,KG,1,2,3,4,5 | 0.38 mi | 6 |
| Niles Elementary School | public | TK,KG,1,2,3,4,5 | 0.98 mi | 9 |
| California School For The Blind | public | K-12 | 1.13 mi | N/A |
| California School For The Deaf-Fremont | public | K-12 | 1.20 mi | N/A |
| Parkmont Elementary School | public | TK,KG,1,2,3,4,5 | 1.51 mi | 9 |
| John Gomes Elementary School | public | TK,KG,1,2,3,4,5 | 2.16 mi | 9 |
| Washington High School | public | 9-12 | 2.30 mi | 9 |
| Centerville Middle School | public | 6-8 | 2.35 mi | 8 |
| J. Haley Durham Elementary School | public | TK,KG,1,2,3,4,5 | 2.42 mi | 9 |
| William Hopkins Middle School | public | 6-8 | 2.56 mi | 9 |
| Brookvale Elementary School | public | TK,KG,1,2,3,4,5 | 2.72 mi | 7 |
| Tom Maloney Elementary School | public | TK,KG,1,2,3,4,5 | 2.77 mi | 7 |
| Brier Elementary School | public | TK,KG,1,2,3,4,5 | 2.78 mi | 5 |
| Joshua Chadbourne Elementary School | public | TK,KG,1,2,3,4,5 | 2.80 mi | 10 |
| Glankler Early Learning Center | public | KG | 2.84 mi | N/A |
| American High School | public | 9-12 | 2.87 mi | 10 |
| Mission San Jose High School | public | 9-12 | 2.95 mi | 10 |
| G. M. Walters Middle School | public | 6-8 | 2.99 mi | 8 |
| Oliveira Elementary School | public | TK,KG,1,2,3,4,5 | 3.01 mi | 8 |
| Fremont Adult | public | UG | 3.07 mi | N/A |
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This listing information is up-to-date as of May 31, 2026. For the most current information, please contact Todd Carter, (925) 914-5844.