Listing Broker: RE/MAX Accord
Listing Agent: Todd Carter
DRE #01954054: 01235456
925-914-5844
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.
| Listing Id: | 41150704 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Lot Size Acres: | 0.7943 |
| Waterfront?: | No |
| Subdivision: | Niles Area |
| Year Built: | 1938 |
| Basement Yn: | No |
| Construction Materials: | SeeRemarks, WoodSiding |
| Cooling: | WallWindowUnits |
| Heating: | WallFurnace |
| Listing Contract Date: | 2026-10-08 |
| Lot Features: | StreetLevel |
| Lot Size Area: | 34600.0 |
| State Or Province: | CA |
| Country Subdivision: | 06001 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06001:50766012 |
| List Price: | $4,099,000 |
|---|---|
| Association Fee: | $0 |
| Lot Size Square Feet: | 34,600.0 |
| City: | Fremont |
| County Or Parish: | Alameda |
| Postal Code: | 94536 |
| Number Of Units Total: | 16 |
| Cooling?: | Yes |
| Directions: | Cross Street: Niles Canyon. |
| Heating?: | Yes |
| Lot Size Acres: | 0.7943 |
| Lot Size Units: | SquareFeet |
| Original List Price: | $4,099,000 |
| Parcel Number: | 50766012 |
| Parking Total: | 16 |
| Postal City: | FREMONT |
| Roof: | Shingle |
| Current Price: | $4,099,000.00 |
| Record Signature: | -412,024,157 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 09, 2026. 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.
California Regional Multiple Listing Service, Inc. data last updated on October 09, 2026 01:09 AM - PT
Property Last Updated: October 09, 2026 01:09 AM - PT
