# 585 Old Canyon Rd, Fremont, CA 94536

> **TL;DR:** single family, $6,790,000, built 1938.
> A/C. Est. $29,423/mo. Listed 8 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $6,790,000 |
| Year Built | 1938 |
| Lot Size | 68,825 sqft (1.58 acres) |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 8 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $29,423 |
| **Total** | **$29,423** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1938
- 1.58 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 585 Old Canyon Rd, Fremont, CA 94536
- **County:** Alameda
- **Neighborhood:** Niles Area

## Listing Agent

- **Name:** Todd Carter
- **Brokerage:** Re/Max Accord
- **Phone:** 9259145844
- **Email:** todd@remaxaccord.com

## Primary Photo

![585 Old Canyon Rd - Primary Photo](http://lh.rdcpix.com/ae9ee6c31356fd123bbe3684d27ad6c6l-f593660252r.jpg)

*47 total photos available on [listing page](https://www.propertysimple.com/listing/585-old-canyon-rd-fremont-ca-94536-41135884)*

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**MLS#:** 41135884 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/585-old-canyon-rd-fremont-ca-94536-41135884)

---

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