194 4th Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 3 bath
Loading property details...
194 4th Street
Gilroy, California 95020
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
3Baths
2,264Sq Ft
7,777Lot Size
Property Price
LIST PRICE$1,024,999
EST. MARKET VALUE
$1,024,999
SUMMARY
This Dual-Unit Victorian represents a High-Potential Investment Opportunity, listed at a List Price of $1,024,999, which aligns with the $1,024,999 Fair Market Value. Featuring a Condition Rating of 2, this property offers a turnkey, high-end renovation with modern open-concept layouts and luxury finishes. The dual-unit configuration provides significant rental income potential, making it an ideal asset for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to offset mortgage costs through house hacking in a highly walkable, evolving downtown Gilroy location.
Estimated Market Value
$1,024,999
Based on Realkey algorithm analyzing recent comparable sales in Gilroy.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 194 4th Street Subject | $1,024,999* List Price | 4 | 3 | 2,264 | $453 | - |
A 7387 Ailes Court Sold | $1,280,000 | 4 | 4 | 2,942 | $435 | 0.5 mi |
B 7344 Ailes Court Sold | $1,299,000 | 4 | 3 | 2,942 | $442 | 0.5 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1900, the property has undergone a complete high-end renovation within the last 5 years. The interior features modern open-concept kitchens with stainless steel appliances, luxury bathrooms with contemporary tile and fixtures, and updated flooring throughout. Systems appear modernized with visible mini-split HVAC units and a new electrical panel, making it move-in ready with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The dual-unit configuration offers a rare opportunity to live in one unit while renting the other for approximately $3,500, providing a significant mortgage offset or high-yield investment potential.
- Turnkey Luxury Remodel
This 1900 Victorian has been meticulously updated with high-end finishes, jaw-dropping kitchens, and modern open-concept layouts, eliminating the need for immediate capital improvements.
- Walkable Urban Location
Located just one block from downtown Gilroy, the property boasts a high walkability factor to local dining, shopping, and parks, enhancing its appeal to modern tenants and homeowners.
CONSRISKS & DEFICIENCIES
- Market Stagnation
Having spent 122 days on the market with two significant price reductions, the property may carry a market stigma or suggest that the initial pricing was misaligned with local demand.
- Shared Amenities
The shared backyard space between Units A and B may reduce privacy for occupants, potentially impacting long-term tenant retention or the perceived exclusivity of the luxury units.
About 194 4th Street
Rare Victorian single story home with two fully remodeled units. Both units A & B are included with the sale and are 1,132 sqft each sharing a 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 $3500 per unit in a neighborhood that is constantly evolving! Not a property you want to miss.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 7,777 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,264 | 2,212.338 |
| Lot Size | 7,777 | 6,777.206 |
| Price | $1.02M | $1.13M |
| Price per sq ft | $453 | $535 |
| Built year | 1900 | 2000 |
| HOA | $0 | $189 |
| Days on market | 68 | 51 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,024,999
$1,099,999
-7% Price Drop
Initial Listing
Price Change
Aug 9, 2026
$1,099,999
$1,149,999
-4% Price Drop
Initial Listing
Price Change
Jul 3, 2026
$1,149,999
Initial Listing
Sold
Nov 25, 1997
$139,000
Public Record