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
$574,700 Zestimate®
$387/sqft
$-- HOA
What's special
- 124 days
- 818
- 5
Zillow last checked:
Listing updated:
Listed by:
Peter Quan Nguyen 01360726 408-892-9600,
Bay Realty 408-223-7800
Source: MLSListings Inc,MLS#: ML82049555
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: $51,000
- Date on market: 6/2/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
$574,700
$546,000 - $603,000
$3,535/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 |
|---|---|---|
| 2026 | -- | $51,000 +2% |
| 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
Payment breakdown
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Neighborhood: 95020
Nearby schools
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.





