Investor Special Gilroy Development Opportunity
332 Lewis St Unit 1/2, Gilroy, CA 95020 (APN: 841-05-002)
Rare opportunity to acquire a single-family residence in the rapidly growing Gilroy market. Opportunities like this are increasingly scarce in Santa Clara County, especially at this price point.
Property Highlights:
Approx. 1,551 SF living area
Approx. 7,100 SF flat lot
Ideal for renovation, expansion, or redevelopment
Multiple exit strategies: Fix & Flip, Buy & Hold, Rebuild, or Develop
Asking Price: $575,000
Estimated ARV: $875,000+ (Buyer to Verify)
Why this deal stands out:
Significant value-add opportunity
Large lot with potential for expansion and/or ADU (buyer to verify)
Convenient location near downtown Gilroy, schools, parks, shopping, and major commuter routes
Strong upside potential for investors, contractors, and developers
Bonus Opportunity:
The front parcel at 332 Lewis St (APN: 841-05-087) is also available for $100,000. Acquire both parcels to maximize future development potential and unlock additional value.
Investor Terms:
Sold AS-IS
Cash or hard money preferred
Opportunities like this rarely come to market. Serious investors, contractors, and developers are encouraged to act quickly.
For sale
$599,900
332 Lewis St, Gilroy, CA 95020
3beds
1,551sqft
Single Family Residence, Residential
Built in 1924
7,100 Square Feet Lot
$-- Zestimate®
$387/sqft
$-- HOA
What's special
- 28 days |
- 1,221 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Peter Quan Nguyen 01360726 408-892-9600,
Bay Realty 408-223-7800
Source: MLSListings Inc,MLS#: ML82049555
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Dining room
- Features: DiningFamilyCombo
Family room
- Features: SeparateFamilyRoom
Heating
- None
Cooling
- None
Interior area
- Total structure area: 1,551
- Total interior livable area: 1,551 sqft
Property
Features
- Stories: 1
Lot
- Size: 7,100 Square Feet
Details
- Parcel number: 84105002
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Gilroy
Financial & listing details
- Price per square foot: $387/sqft
- Tax assessed value: $50,000
- Annual tax amount: $673
- Date on market: 6/2/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
Not available
Estimated sales range
Not available
$3,587/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listed for sale | $599,900+899.8%$387/sqft |
Source: | ||
| 6/1/2026 | Sold | $60,000-52%$39/sqft |
Source: Fresno MLS #637774 Report a problem | ||
| 5/28/2026 | Pending sale | $125,000$81/sqft |
Source: Fresno MLS #637774 Report a problem | ||
| 9/30/2025 | Listed for sale | $125,000+150%$81/sqft |
Source: Fresno MLS #637774 Report a problem | ||
| 8/2/2024 | Sold | $50,000-12.3%$32/sqft |
Source: MetroList Services of CA #224071295 Report a problem | ||
| 7/22/2024 | Pending sale | $57,000$37/sqft |
Source: MetroList Services of CA #224071295 Report a problem | ||
| 6/28/2024 | Listed for sale | $57,000+78.1%$37/sqft |
Source: MetroList Services of CA #224071295 Report a problem | ||
| 9/26/2023 | Sold | $32,000-28.9%$21/sqft |
Source: Public Record Report a problem | ||
| 7/20/2005 | Sold | $45,000+23.3%$29/sqft |
Source: Public Record Report a problem | ||
| 8/8/1994 | Sold | $36,500$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $673 -52.7% | $50,000 -50% |
| 2024 | $1,422 +26.9% | $100,000 +17.1% |
| 2023 | $1,121 +1.7% | $85,371 +2% |
| 2022 | $1,102 +0.6% | $83,698 +2% |
| 2021 | $1,096 +1.1% | $82,057 +1% |
| 2020 | $1,084 | $81,216 +2% |
| 2019 | $1,084 +8.2% | $79,624 +2% |
| 2018 | $1,002 | $78,063 +2% |
| 2017 | $1,002 -1.9% | $76,533 +2% |
| 2016 | $1,021 +9.2% | $75,033 +1.5% |
| 2015 | $935 +0.7% | $73,906 +2% |
| 2014 | $929 | $72,459 +2.5% |
| 2012 | -- | $70,718 +2% |
| 2011 | -- | $69,332 +0.8% |
| 2010 | -- | $68,814 -0.2% |
| 2009 | -- | $68,978 +2% |
| 2008 | -- | $67,626 +57.4% |
| 2005 | -- | $42,966 +2% |
| 2004 | -- | $42,124 +1.9% |
| 2003 | -- | $41,352 +2% |
| 2002 | -- | $40,542 +2% |
| 2001 | -- | $39,748 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 95020
Nearby schools
GreatSchools rating
- 6/10Eliot Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Brownell Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Gilroy High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: GilroyUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Santa Clara County
- Gilroy
- 95020
- 332 Lewis St






