111 5th Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 2 bath
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Gilroy, California 95020
This Multi-Unit Residential Asset represents a strategic acquisition in developing downtown Gilroy, featuring rare Transitional District Zoning for maximum usage flexibility. Listed at $1,100,000 compared to a $956,772 Fair Market Value, the price reflects the unique income potential of three distinct units, including a Permitted Secondary Dwelling Unit and an upstairs apartment. Boasting a Condition Rating of 4, the property is served by the Gilroy Unified School District and features a newer roof. This is a premier opportunity for Buy-and-Hold Investors or Owner-Occupants looking to leverage multi-generational living or rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 111 5th Street Subject | $1,100,000* List Price | 4 | 2 | 2,088 | $458 | - |
A 7630 Hanna Street Sold | $805,000 | 3 | 2 | 1,519 | $530 | 0.2 mi |
B 7335 Orchard Drive Sold | $1,025,000 | 4 | 2 | 2,014 | $509 | 0.6 mi |
C 7660 Carmel Street Pending | $850,000 List Price | 4 | 3 | 2,100 | $405 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, the property is well-maintained with a newer roof and fresh paint, but the kitchen and bathrooms are significantly dated (likely 20-30+ years old). While functional and move-in ready, the interior systems and finishes require modernization to meet current market standards.
Located in a Transitional District, the property offers rare versatility for use as three residential units, a professional office, or a hybrid live-work space in developing downtown Gilroy.
The layout includes a main residence, an upstairs apartment, and a permitted secondary dwelling unit (SDU), providing immediate opportunities for high rental yield or multi-generational living.
The property features a newer roof, fresh interior paint in the main home, and a renovated SDU interior, reducing the need for immediate post-purchase capital expenditures.
Built in 1920, the century-old structure may present ongoing maintenance challenges or require updates to older mechanical, electrical, and plumbing systems.
Given the potential for three separate units, the limited dedicated parking may pose a significant challenge for high-occupancy residential use or commercial clients.
Great opportunity in developing downtown Gilroy. The zoning (Transitional District) provides lots of flexabilty. This property could be 3 residential units, or an office with two residential units. The main structure has lots of room with a spacious main room with fireplace, two secondary rooms, and two sunporchs for other uses. A kitchen, laundry area and bath make this usable as an office or residential space. The back entrance of the main home is served by an easy access ramp. Upstairs is an apartment with kitchen, bath, main room and bedroom. The original garage for the home has been converted to a permitted secondary dwelling unit, with one parking space. Newer roof and fresh paint in main home and redone interior in the secondary dwelling unit. Come take a look!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 2,088 | 2,503 | 39% |
| Lot Size | 5,700 | 6,820 | 25% |
| Price | $1.10M | $1.15M | 45% |
| Price per sq ft | $527 | $514 | 55% |
| Built year | 1920 | 1998 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 154 | 1% |
Apr 3, 2026
$1,100,000
Initial Listing