5074 Morris Way, Fremont, California 94536, Fremont, 94536 - 4 bed, 2 bath
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5074 Morris Way
Fremont, California 94536
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,580Sq Ft
6,912Lot Size
Property Price
LIST PRICE$1,899,000
EST. MARKET VALUE
$1,632,032
16% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,899,000—positioned well above the $1,632,032 Fair Market Value. While the pricing reflects a premium, the asset offers significant utility through a 800 sq. ft. Detached ADU, providing rare Multigenerational Flexibility or rental income potential. With a Condition Rating of 4, the main residence requires modernization, offering a clear path for value-add renovations. This versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through secondary housing.
Estimated Market Value
$1,632,032
Based on Realkey algorithm analyzing recent comparable sales in Fremont.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5074 Morris Way Subject 4 bd · 2 ba · 1,580 sqft · $1,033 | $1,899,000* List Price | 4 | 2 | 1,580 | $1,033 | - |
A 37822 Granville Drive Sold 4 bd · 2 ba · 1,443 sqft · $936 · 0.6 mi | $1,350,000 | 4 | 2 | 1,443 | $936 | 0.6 mi |
B 38573 Farwell Dr Sold 4 bd · 2 ba · 1,635 sqft · $1,010 · 0.9 mi | $1,652,000 | 4 | 2 | 1,635 | $1,010 | 0.9 mi |
C 36329 Alicante Avenue Sold 3 bd · 2 ba · 1,573 sqft · $957 · 0.9 mi | $1,505,000 | 3 | 2 | 1,573 | $957 | 0.9 mi |
D 5157 Waller Ave Sold 3 bd · 2 ba · 1,384 sqft · $1,196 · 0.9 mi | $1,655,000 | 3 | 2 | 1,384 | $1,196 | 0.9 mi |
E 5279 Eggers Dr Active 3 bd · 2 ba · 1,433 sqft · $1,099 · 0.8 mi | $1,575,000 List Price | 3 | 2 | 1,433 | $1,099 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1960, the main residence is 64 years old and lacks mention of recent renovations to kitchens or bathrooms, with the description highlighting 'future customization' and 'opportunity.' While the detached ADU provides modern utility, the primary structure appears dated and likely requires cosmetic and system updates to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Detached ADU
The property features a substantial 800 sq. ft. detached ADU with 2 bedrooms and 1.5 baths, offering exceptional potential for rental income or private multigenerational living.
- Multigenerational Flexibility
With a combined total of 6 bedrooms and 3.5 bathrooms across two structures, this residence provides rare versatility for large families, guests, or professional home office needs.
- Prime Fremont Location
Situated in the established Centerville subdivision, the property offers a central and convenient location within a highly desirable residential community in Fremont.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1580, other record living area = 2380.
- Vintage Construction
Originally built in 1960, the main residence may require additional capital investment to modernize aesthetic finishes and aging mechanical systems to meet contemporary standards.
- Premium Pricing
The list price of $1.899M represents a significant entry point that may be challenging for buyers who do not specifically require the added utility of the secondary dwelling unit.
About 5074 Morris Way
Discover an exceptional opportunity with this spacious 4-bedroom, 2-bathroom residence, complemented by a separate detached ADU offering 2 bedrooms, a living area, kitchen, and 2 bath of appx. 800sq ft. Designed with flexibility in mind, this unique property offers an abundance of living space and a variety of possibilities for homeowners, multigenerational living, guests, or potential rental use, subject to applicable regulations. The main residence provides a generous footprint with four comfortable bedrooms and two bathrooms, creating an inviting environment with room for everyday living, entertaining, and future customization. Whether you're looking to settle in, accommodate an extended household, or create dedicated spaces for work and guests, this property offers the versatility to adapt to your needs. Adding tremendous value and flexibility, the detached ADU functions as a private secondary living space with two bedrooms, a living room, kitchen, and 1½ bathrooms. Its separate configuration provides an excellent opportunity for extended family, guests, a private home office arrangement, or potential additional income.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 6,912 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | 3.5 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,580 | 1,658.648 |
| Lot Size | 6,912 | 6,448.198 |
| Price | $1.90M | $1.66M |
| Price per sq ft | $1.2K | $1.0K |
| Built year | 1960 | 1968 |
| HOA | $0 | $155 |
| Days on market | 19 | 38 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,899,000
Initial Listing
Sold
Nov 30, 1999
$262,000
Public Record