194 4th Street, Gilroy, California 95020, Gilroy, - bed, bath

home-pic
ACTIVE$1,249,999
194 4th Street, Gilroy, California 95020
4Beds
4Baths
2,264Sqft
7,777Lot
Year Built
1900
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82019293
Home ConditionExcellent
Features
Good View:
View-

About this home

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 $3100-$3400 per unit in a neighborhood that is constantly evolving! Not a property you want to miss. Photos are of Unit A only.

Price History

Date
Event
Price
08/26/25
Listing
$1,249,999
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (123 Listings)
Beds44
50%
Baths43
79%
Square foot2,2642,460
44%
Lot Size7,7777,020
61%
Price$1.25M$1.23M
52%
Price per square foot$552$517.5
59%
Built year19009990999
2%
HOA
Days on market71152
10%
Condition Rating
Excellent

Despite being built in 1900, the property has undergone a complete and extensive renovation, as explicitly stated in the description ('two fully remodeled units,' 'jaw dropping kitchens, bathrooms, and luxury finishes throughout'). The images confirm this, showcasing virtually new and modern kitchens with white shaker cabinets, stainless steel appliances, and herringbone backsplashes, along with luxurious bathrooms featuring freestanding tubs, glass-enclosed showers with modern tiling, and contemporary fixtures. The flooring throughout appears new and consistent, and recessed lighting is present. This level of renovation brings the property to current quality standards, making it move-in ready with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated home.
Pros & Cons

Pros

Income Potential: Features two fully remodeled units, offering significant income potential by renting one unit or accommodating multi-generational living.
Luxury Finishes & Remodel: Both units boast extensive, high-quality remodels with 'jaw dropping' kitchens, bathrooms, and luxury finishes throughout, ensuring a move-in ready experience.
Prime Location & Walkability: Situated one block from trendy downtown Gilroy, providing excellent walkability to shops, restaurants, parks, and minutes from the famous Outlets.
Investment & Equity Growth: Described as a 'unicorn property' with strong potential for equity growth and cash flow, supported by a projected rental income of $3100-$3400 per unit.
Unique Historic Charm: A rare single-story Victorian home, offering distinctive architectural character and a unique appeal in the market.

Cons

Age of Property: Built in 1900, the underlying structure may present potential maintenance considerations typical of historic homes, despite extensive remodels.
Shared Amenities: The two units share a single backyard space, which may limit privacy for occupants seeking individual outdoor areas.
Incomplete Visual Representation: The listing explicitly states that photos are only of Unit A, potentially leaving prospective buyers with an incomplete visual understanding of Unit B.

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