Rare opportunity to acquire a downtown Morgan Hill commercial assemblage consisting of multiple contiguous parcels improved with residential homes and office suites. The portfolio generates strong in-place income and offers long-term redevelopment potential within the Downtown Specific Plan area. Located just steps from Monterey Road with convenient access to restaurants, retail, and Highway 101. Ideal for investors, developers, or 1031 exchange buyers seeking stable income with future upside in a prime downtown location. The offering includes 55 1st Street(ML82040862), 57 E 1st Street(ML82040868), 70 & 74 E Main Street, and 50 E Main Street(ML82040862). Marketing package is in the disclosure link.
For sale
$6,688,000
55 E 1st St, Morgan Hill, CA 95037
4beds
1,300sqft
Single Family Residence, Residential
Built in 1956
6,400 Square Feet Lot
$-- Zestimate®
$5,145/sqft
$-- HOA
What's special
Office suites
- 206 days
- 99
- 2
Zillow last checked:
Listing updated:
Listed by:
Jenny Huang 01362454 408-203-1128,
Coldwell Banker Realty 408-779-5000
Source: MLSListings Inc,MLS#: ML82040865
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Dining room
- Features: EatinKitchen
Family room
- Features: KitchenFamilyRoomCombo
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Hardwood, Tile
Interior area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Off Site, On Street
- Carport spaces: 2
Features
- Stories: 1
- Fencing: Wood
Lot
- Size: 6,400 Square Feet
Details
- Parcel number: 72614046
- Zoning: CC
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Gas: IndividualGasMeters, NaturalGas, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Public Utilities, Water Public
Community & HOA
Location
- Region: Morgan Hill
Financial & listing details
- Price per square foot: $5,145/sqft
- Tax assessed value: $128,438
- Date on market: 3/30/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Listed for sale | $6,688,000$5,145/sqft |
Source:  MLSListings Inc #ML82040865 Report a problem | ||
| 8/28/2025 | Listing removed | $3,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2025 | Listed for rent | $3,900-7.1%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2025 | Listing removed | $4,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/14/2025 | Listed for rent | $4,200+33.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/30/2018 | Listing removed | $3,154$2/sqft |
Source: Go Section8 Report a problem | ||
| 10/26/2018 | Listed for rent | $3,154$2/sqft |
Source: Go Section8 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $128,438 +2% |
| 2025 | $1,587 +1.9% | $125,920 +2% |
| 2024 | $1,559 +1.3% | $123,452 +2% |
| 2023 | $1,538 +1.8% | $121,032 +2% |
| 2022 | $1,512 +2.6% | $118,660 +2% |
| 2021 | $1,474 +2.3% | $116,334 +1% |
| 2020 | $1,440 | $115,142 +2% |
| 2019 | $1,440 -2.7% | $112,885 +2% |
| 2018 | $1,479 | $110,673 +2% |
| 2017 | $1,479 +1% | $108,504 +2% |
| 2016 | $1,465 +8.3% | $106,378 +1.5% |
| 2015 | $1,353 +0.3% | $104,781 +2% |
| 2014 | $1,349 | $102,730 +0.5% |
| 2013 | -- | $102,266 +2% |
| 2012 | -- | $100,262 +2% |
| 2011 | -- | $98,297 +0.8% |
| 2010 | -- | $97,563 -0.2% |
| 2009 | -- | $97,796 +2% |
| 2008 | -- | $95,880 +2% |
| 2007 | -- | $94,001 +2% |
| 2006 | -- | $92,158 +2% |
| 2005 | -- | $90,352 +2% |
| 2004 | -- | $88,581 +1.9% |
| 2003 | -- | $86,959 +2% |
| 2002 | -- | $85,255 +2% |
| 2001 | -- | $83,585 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 95037
Nearby schools
Schools provided by the listing agent
- District: MorganHillUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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