337 I St, Fremont, California 94536, Fremont, 94536 - 6 bed, 3 bath
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Fremont, California 94536
This High-Potential Investment Opportunity is a unique multi-unit property listed at $2,450,000, positioned well below the $2,549,176 Fair Market Value by 3%. This valuation gap offers $99,176 in Instant Equity. Featuring a Condition Rating of 3, the property includes two updated homes and a rear ADU, offering significant rental income potential. Located in the historic Niles district with immediate park access, this asset is ideal for Buy-and-Hold Investors or multi-generational families seeking a versatile, income-generating compound.
Property is move-in ready.
Although originally built in 1919, the property has been meticulously maintained and updated. The interior features modern paint, updated luxury vinyl/laminate flooring, recessed lighting, and central HVAC. The bathrooms and kitchens show signs of a renovation within the 5-15 year range, remaining fully functional and move-in ready.
The property features two updated distinct homes plus a large rear ADU conversion, providing exceptional flexibility for multi-generational living or substantial rental income generation.
Tucked away at the end of a street bordering Niles Community Park and Historic Downtown, the premium lot offers a private park-like setting with immediate trail access and high walkability.
Despite its historic 1919 charm, the property has been meticulously maintained and modernized with chef's kitchens, central HVAC, dual-paned windows, and high-end finishes.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3590, other record living area = 1720. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The property is currently 'Active Under Contract' with a contingent offer already accepted, limiting new buyers to backup positions only.
Originally built in 1919, the historic nature of the multiple structures may require specialized ongoing maintenance and potential adherence to local historic preservation guidelines.
Restore Classics? Want PRIVACY? Park setting? Immediate trail access? Short Saturday stroll to Farmer's Market? looking to slow down for a silent film or enjoy a quick meet-up at a nearby restaurant or cafe? Homes like these are rich in history, character and all tham makes this unique community special. Welcome to 337 AND 339 with ADU! Privacy, Charm, Space, AND Location Location Location! Don't miss this Very unique property with the best of everything. Tucked in where the end of I St meets Niles Community Park and part of the charming Historic Downtown, this premium lot has it all. Updated "twin" homes (PLUS newer rear Conversion) built in 1919 (both updated, one also expanded) 339 is now a 2/1 1080sqft, and 337 is 1/1 and remains 680 sqft. Large 3/1 plus office and luxury closet and a 2-car garage/shop in back lives like a primary dwelling with appx 1850sqft of refined finishes. All are updated, upgraded and meticulously maintained. Enjoy custom doors, chef's kitchens, dual-paned windows adorned with custom shutters, central heat/AC, luxury vinyl/laminate flooring, and so much more. Must see to appreciate quality features and consider all the possibilities! Ready for the next stewards with possible seller financing available. Contingent Offer accepted Backups welcome.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,590 | 1,756 |
| Lot Size | 10,780 | 7,000 |
| Price | $2.45M | $1.78M |
| Price per sq ft | $682 | $1.1K |
| Built year | 1919 | 1966 |
| HOA | $0 | $224 |
| Days on market | 29 | 34 |
Jun 23, 2026
$2,450,000
Initial Listing