Huge price reduction! Introducing a multifamily investment opportunity located at 40775 Max Dr in Fremont. This 3,660 SF property features four spacious 2BD/1BA units, offering strong in-place income with meaningful upside for multifamily investors. Built in 1968 and zoned R-3, the property sits on a large lot with potential to enhance returns through RUBS implementation and future ADU development (buyer to verify).
Ideally located near Downtown Fremont and a wide array of retail, dining, and transit options, the property benefits from excellent tenant appeal and long-term demand drivers. This is a rare opportunity to acquire a value-add multifamily asset in a highly desirable Fremont submarket.
For sale
Price cut: $200K (3/31)
$1,850,000
40775 Max Dr, Fremont, CA 94538
8beds
4baths
3,660sqft
Est.:
Quadruplex, Residential Income
Built in 1968
-- sqft lot
$1,807,500 Zestimate®
$505/sqft
$-- HOA
What's special
Large lot
- 71 days |
- 1,142 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: March 31, 2026 at 04:53am
Listed by:
Amit Urban 01998926 650-382-0777,
BellStreet Inc. 408-444-7445
Source: MLSListings Inc,MLS#: ML82031815
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Other
Cooling
- Other
Features
- Doors: Other
Interior area
- Total structure area: 3,660
- Total interior livable area: 3,660 sqft
Property
Parking
- Total spaces: 4
- Parking features: Other
- Carport spaces: 4
Accessibility
- Accessibility features: Other
Features
- Stories: 2
Lot
- Size: 10,000 Square Feet
Details
- Parcel number: 525070101516
- Zoning: R-3-18
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Crawl Space
- Roof: Composition
Condition
- Year built: 1968
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Fremont
Financial & listing details
- Price per square foot: $505/sqft
- Tax assessed value: $1,158,560
- Date on market: 1/20/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Other
- Lease term: 12 Months
Estimated market value
$1,807,500
$1.72M - $1.90M
$2,613/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Price change | $1,850,000-9.8%$505/sqft |
Source:  MLSListings Inc #ML82031815 Report a problem | ||
| 3/4/2026 | Price change | $2,050,000-4.7%$560/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 2/11/2026 | Price change | $2,150,000-2.3%$587/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 1/20/2026 | Listed for sale | $2,200,000+238.5%$601/sqft |
Source: MLSListings Inc #ML82031815 Report a problem | ||
| 8/13/2010 | Listing removed | $649,950$178/sqft |
Source: LEGACY Real Estate & Associates #81037409 Report a problem | ||
| 7/25/2010 | Listed for sale | $649,950-18.8%$178/sqft |
Source: LEGACY REAL ESTATE & ASSOC. #81037409 Report a problem | ||
| 5/28/2003 | Sold | $800,000+4.6%$219/sqft |
Source: Public Record Report a problem | ||
| 5/29/2002 | Sold | $765,000+70%$209/sqft |
Source: Public Record Report a problem | ||
| 8/4/1999 | Sold | $450,000$123/sqft |
Source:  Bay East AOR #11025506 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,158,560 +2% |
| 2024 | $15,446 +3.1% | $1,135,847 +2% |
| 2023 | $14,977 +1.8% | $1,113,583 +2% |
| 2022 | $14,712 +2.2% | $1,091,751 +2% |
| 2021 | $14,389 +1.6% | $1,070,351 +1% |
| 2020 | $14,156 +1.1% | $1,059,383 +2% |
| 2019 | $14,004 +4.7% | $1,038,615 +2% |
| 2018 | $13,374 | $1,018,255 +2% |
| 2017 | $13,374 +1.8% | $998,295 +2% |
| 2016 | $13,138 +3% | $978,727 +1.5% |
| 2015 | $12,752 | $964,031 +2% |
| 2014 | $12,752 | $945,151 +22% |
| 2013 | -- | $775,000 +10.7% |
| 2012 | -- | $700,000 |
| 2011 | -- | $700,000 -10.3% |
| 2010 | -- | $780,000 -13.3% |
| 2009 | -- | $899,743 +2% |
| 2008 | -- | $882,103 +2% |
| 2007 | -- | $864,807 +2% |
| 2006 | -- | $847,855 +2% |
| 2005 | -- | $831,231 +2% |
| 2004 | -- | $814,936 +4.4% |
| 2003 | -- | $780,300 +77.6% |
| 2002 | -- | $439,282 +2% |
| 2001 | $5,334 | $430,670 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,087/mo
Principal & interest
$9206
Property taxes
$1881
More affordability tools
Climate risks
Neighborhood: Irvington
Nearby schools
GreatSchools rating
- 9/10J. Haley Durham Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10G. M. Walters Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10John F. Kennedy High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: FremontUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 94538
- California
- Alameda County
- Fremont
- 94538
- Irvington
- 40775 Max Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Fremont Topics
