194 4th Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 3 bath
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Gilroy, California 95020
This Dual-Unit Victorian Residence represents a High-Potential Investment Opportunity, listed at $1,149,999—positioned slightly above the $1,100,140 Fair Market Value. Despite the premium, the property offers significant cash flow potential through its two fully remodeled 1,132 sqft units, each featuring luxury kitchen finishes and modern open-concept layouts. With a Condition Rating of 2, this move-in ready asset is perfectly positioned for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through house-hacking in a highly walkable downtown Gilroy location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 194 4th Street Subject | $1,149,999* List Price | 4 | 3 | 2,264 | $486 | - |
A 7344 Ailes Court Sold | $1,299,000 | 4 | 3 | 2,942 | $442 | 0.5 mi |
B 7335 Orchard Drive Sold | $1,025,000 | 4 | 2 | 2,014 | $509 | 0.6 mi |
C 7680 Santa Paula Drive Sold | $1,020,000 | 4 | 2 | 1,893 | $539 | 0.9 mi |
D 7100 Potomac Place Sold | $1,230,000 | 5 | 3 | 2,590 | $475 | 0.9 mi |
E 7376 Ailes Court Sold | $1,319,000 | 4 | 4 | 2,942 | $448 | 0.5 mi |
F 819 Cumberland Drive Sold | $1,105,000 | 5 | 3 | 2,632 | $420 | 0.6 mi |
G 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.
Despite being built in 1900, this Victorian home has undergone a complete high-end renovation within the last 5 years. The interior features modern open-concept layouts, luxury kitchen finishes with stainless steel appliances, and designer bathrooms with freestanding tubs and contemporary tiling. Systems appear updated with visible mini-split HVAC units and a modern electrical panel, making it mint and move-in ready.
The property features two fully remodeled 1,132 sqft units, offering a rare opportunity for house-hacking or generating significant rental income of up to $7,000 per month.
This Victorian home has been meticulously updated with luxury finishes, open-concept layouts, and high-end kitchens and bathrooms, making it completely move-in ready.
Situated just one block from trendy downtown Gilroy, the property boasts exceptional walkability to local shops, restaurants, and parks, increasing its desirability for tenants and owners alike.
Originally built in 1900, the property may present long-term maintenance challenges associated with century-old structures that even a high-end remodel might not fully address.
Both units share a single backyard space, which could lead to privacy concerns for occupants and may be less appealing to tenants seeking private outdoor areas.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,264 | 1,983 |
| Lot Size | 7,777 | 7,000 |
| Price | $1.15M | $1.16M |
| Price per sq ft | $508 | $533 |
| Built year | 1900 | 1997 |
| HOA | $0 | $202 |
| Days on market | 19 | 44 |
Jul 3, 2026
$1,149,999
Initial Listing
Nov 25, 1997
$139,000
Public Record