358 6th Street, Gilroy, California 95020, Gilroy, - bed, bath
ACTIVE UNDER CONTRACT$875,000
358 6th Street, Gilroy, California 95020
3Beds
2Baths
1,248Sqft
5,654Lot
Year Built
1900
Close
-
List price
$875K
Original List price
$950K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81852443
Home ConditionPoor
Features
Deck
Patio
View-
About this home
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.
Price History
Date
Event
Price
08/11/25
Price Change
$875,000
07/08/21
Listing
$950,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (123 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 28% |
| Baths | 2 | 3 | 27% |
| Square foot | 1,248 | 2,460 | 6% |
| Lot Size | 5,654 | 7,018 | 27% |
| Price | $875K | $1.21M | 13% |
| Price per square foot | $701 | $517.5 | 87% |
| Built year | 1900 | 9990999 | 2% |
| HOA | |||
| Days on market | 1581 | 152 | 99% |
Condition Rating
Poor
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 The kitchen features very old, red-trimmed cabinets, worn countertops, and an outdated white range, indicating a renovation that is likely 30-50+ years old or original.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.
Pros & Cons
Pros
Income-Generating Duplex Configuration: 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.
Highly Versatile Detached Garage: 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.
Prime Downtown Location: Situated in downtown Gilroy, the property boasts excellent walkability to downtown amenities, Costco, Target, shopping, and the Gilroy Outlets, enhancing convenience and desirability.
Significant Value-Add Potential: Described as an 'amazing opportunity' for contractors, investors, or large families, indicating ample scope for renovation, expansion, and maximizing property value.
Enhanced Privacy & Accessibility: The residence is gated with alley access and each unit has its own yard, providing desirable privacy and practical utility.
Cons
Historic Property Age: 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.
Inconsistent Property Type: 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.
Extended Market Time & Price Reduction: 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.