358 6th Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
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Gilroy, California 95020
This Value-Add Duplex Asset is listed at $875,000, representing a strategic renovation project in the heart of Gilroy. With a Fair Market Value of $626,361, the property carries a Condition Rating of 5, indicating the need for a comprehensive rehabilitation of its 1900-era systems. The site’s standout feature is the detached 3-car garage with plumbing, electrical, and an unfinished loft, offering significant ADU or workshop potential. This high-utility residence is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on downtown rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 358 6th Street Subject | $875,000* List Price | 3 | 2 | 1,248 | $502 | - |
A 7429 Alexander Street Active | $899,000 List Price | 4 | 3 | 1,241 | $724 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1900, this property is extremely dated and requires substantial repairs and rehabilitation. The kitchen features very old, red-trimmed cabinets, worn countertops, and an outdated white range, indicating a renovation that is likely 30-50+ years old or original. Flooring consists of worn laminate/linoleum and stained carpet. Light fixtures are basic, single-bulb ceiling fans. Visible electrical outlets appear old, suggesting a need for a full electrical system upgrade. While not explicitly 'unlivable' or 'beyond repair' for demolition, the interior is very uncomfortable and unsafe by modern standards, requiring extensive system replacements and a complete overhaul to be functional and appealing.
The property is a duplex with two separate units (2 bed/1 bath and 1 bed/1 bath), offering immediate rental income potential or flexible multi-generational living options.
Features a large detached 3-car garage with plumbing and electrical, plus an unfinished loft, providing significant potential for an ADU, workshop, home business, or additional rental space.
Situated in downtown Gilroy, the property boasts excellent walkability to downtown amenities, Costco, Target, shopping, and the Gilroy Outlets, enhancing convenience and desirability.
Built in 1900, the property is likely to require substantial updates to major systems (e.g., plumbing, electrical, HVAC) and may have deferred maintenance, leading to significant renovation costs.
The listing's sub_type is 'Single Family Residence' while the description clearly states 'duplex,' which could lead to confusion regarding zoning, financing, or legal use and requires clarification.
The property has been on the market since July 2021 with a recent price reduction from $950,000 to $875,000, potentially indicating challenges with its current condition, pricing, or market appeal.
Here is your chance to own a unique property in downtown Gilroy. Whether you are a contractor looking to flip, a long term rental investor, small business owner, gear head, or just a big family this duplex with a detached 3 car garage with plumbing and electrical will work. The first unit has 2 beds and 1 bath. The second unit has one bed and one bath. The large 3 car garage has an unfinished loft possibly allowing for additional living space. The residence has alley access, is gated with each unit having its own yard. Each unit has multiple doors for access and a deck as well. Walking distance to downtown, close to Costco, Target, shopping, and the Gilroy Outlets. Amazing opportunity to own a great home with lots of potential in the heart of Gilroy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 24% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,248 | 2,503 | 5% |
| Lot Size | 5,654 | 6,820 | 25% |
| Price | $875.0K | $1.15M | 15% |
| Price per sq ft | $701 | $514 | 91% |
| Built year | 1900 | 1998 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 1749 | 158 | 0% |
Aug 11, 2025
$875,000
Initial Listing
Jul 8, 2021
$950,000
Initial Listing