194 4th Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 4 bath
Loading property details...
Gilroy, California 95020
This Rare Dual-Unit Victorian is a premium asset listed at $1,149,888, reflecting its Excellent Condition Rating and unique "unicorn" status near the $1,072,002 Fair Market Value. Both units are fully remodeled with luxury finishes, designer kitchens, and open-concept layouts, offering a turnkey experience in the Gilroy Unified district. Located one block from downtown Gilroy, the property features a large backyard and patio. This is a high-utility acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors looking for significant rental cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 194 4th Street Subject | $1,149,888* List Price | 4 | 4 | 2,264 | $473 | - |
A 819 Cumberland Drive Sold | $1,105,000 | 5 | 3 | 2,632 | $420 | 0.6 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 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1900, this Victorian property has undergone an extensive, high-end renovation within the last 5 years, meeting the criteria for excellent condition. The interior features a modern open-concept layout with luxury finishes, including designer bathrooms with freestanding soaking tubs, walk-in showers with herringbone tile, and gold fixtures. The property includes updated systems such as mini-split HVAC units, modern electrical panels, and contemporary flooring throughout, showing no signs of deferred maintenance.
This rare dual-unit Victorian offers significant flexibility, allowing owners to live in one unit while renting the other for an estimated $3,200-$3,600 to offset mortgage costs.
Both units have been fully remodeled with high-end luxury finishes, open-concept layouts, and modern kitchens, eliminating the need for immediate capital improvements.
Situated just one block from trendy downtown Gilroy, the property provides exceptional access to local dining, shopping, and parks, increasing its desirability for tenants and owners alike.
Originally built in 1900, the property may present long-term maintenance challenges or hidden structural complexities inherent to Victorian-era homes despite recent cosmetic upgrades.
Marketing materials only showcase Unit A, leaving Unit B's specific condition and layout unverified for remote buyers until a physical inspection is conducted.
Rare Victorian single story home with two fully remodeled units walking distance to downtown! Both units A & B are included with the sale and are 1,132 sqft each with a large backyard space. Open concept layout with jaw dropping kitchens, bathrooms, and luxury finishes throughout! Live in one while renting out the second unit to offset your mortgage, or enjoy the additional space with enough room for growing families! One block away from the trendy downtown Gilroy, walking distance to shops, restaurants, parks and minutes away from the famous Outlets for anyone that enjoys shopping! Unicorn properties like these offer tons of potential for anyone looking to grow equity or add cash flow to your current portfolio. Complete hidden gem, move-in ready with market potential to rent out at $3200-$3600 per unit in a neighborhood that is constantly evolving! Not a property you want to miss. Photos are of Unit A only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 78% |
| Square foot | 2,264 | 2,503 | 45% |
| Lot Size | 7,777 | 6,882 | 74% |
| Price | $1.15M | $1.15M | 50% |
| Price per sq ft | $508 | $514 | 47% |
| Built year | 1900 | 1998 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 154 | 24% |
Mar 25, 2026
$1,149,888
$1,199,888
-4% Price Drop
Initial Listing
Feb 9, 2026
$1,199,888
Initial Listing
Nov 25, 1997
$139,000
Public Record