A rare multi-family preservation and restoration opportunity. Officially recognized on the City of Gilroys Historic Resources Inventory, 263 Fifth Street blends rich architectural heritage with strong income-producing potential. Located along a celebrated historic corridor known for its architectural heritage and set on a generous 9,450-square-foot R-3 zoned lot, the property comprises two distinct structures totaling 5,294 square feet and currently operates as 6 individual units (3 appear permitted, buyer to verify). This asset offers an extraordinary canvas for a historic preservationist looking to honor period character. Do not disturb tenants.
Central, located between U.S. 101 and Santa Teresa Boulevard, is a historic and civic Gilroy neighborhood with a walkable downtown grid and a railroad-edge backdrop. The neighborhood’s character concentrates around Monterey Street at 6th Street, where sidewalk taquerias, coffee counters, small galleries, and late-night bites keep the blocks active. The Gilroy Center for the Arts, the historic Granada Theatre, and the Gilroy Museum serve as cultural anchors with a distinctly local voice. Early-20th-century storefronts and modest bungalows set a classic small-city streetscape. Pocket parks and civic buildings add a steady daytime rhythm. Caltrain and the rail corridor frame the southern edge with a commuter-oriented feel.
Provided by Walk Score and Local Logic
Offer insights
263 Fifth St · $1,750,000
$1.75M and above
75% chance or better to win
Why $1.75M+ is a strong offer
DAYS ON MARKET
72 days
The average home goes pending in 15 days.
SALE-TO-LIST
102.8%
Most homes are selling 3% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Central forced air heating
Bathrooms
2 full bathrooms
Heating & cooling
Central forced air
Home design
Two-story home
Parking
Attached garage with 5 garage spaces
Detached parking available
Construction
Shingle roof
Concrete perimeter foundation
Wood frame construction
Built in 6 (year detail provided as '6')
Utilities
Public water
Public sewer
Public utilities (including public gas service)
Electricity and solar
View estimated energy costs and solar savings for this home
A rare multi-family preservation and restoration opportunity. Officially recognized on the City of Gilroys Historic Resources Inventory, 263 Fifth Street blends rich architectural heritage with strong income-producing potential. Located along a celebrated historic corridor known for its architectural heritage and set on a generous 9,450-square-foot R-3 zoned lot, the property comprises two distinct structures totaling 5,294 square feet and currently operates as 6 individual units (3 appear permitted, buyer to verify). This asset offers an extraordinary canvas for a historic preservationist looking to honor period character. Do not disturb tenants.
MLSListings #ML82052670
Sep 17, 2026
Price Changed
$1,750,000
$331/sq ft
Jun 30, 2026
Listed
$1,950,000
$368/sq ft
A rare multi-family preservation and restoration opportunity. Officially recognized on the City of Gilroy's Historic Resources Inventory, 263 Fifth Street blends rich architectural heritage with strong income-producing potential. Located along a celebrated historic corridor known for its architectural heritage and set on a generous 9,450-square-foot R-3 zoned lot, the property comprises two distinct structures totaling 5,294 square feet and currently operates as 6 individual units (3 appear permitted, buyer to verify). This asset offers an extraordinary canvas for a historic preservationist looking to honor period character. Do not disturb tenants.
Year
Property tax
Land + Additions
Assessment*
2025
$8,800 (+129.1%)
$446,062 + $277,253
$723,315
2024
$3,840 (+0.6%)
$437,316 + $271,817
$709,133
2023
$3,817 (+1.7%)
$73,179 + $229,067
$302,246
2022
$3,754 (+0.5%)
$71,745 + $224,576
$296,321
2021
$3,736 (+1.1%)
$70,339 + $220,173
$290,512
2020
$3,695 (+0.9%)
$68,960 + $215,856
$284,816
2019
$3,661 (+7.0%)
$68,253 + $213,643
$281,896
2018
$3,422 (−2.0%)
$66,915 + $209,454
$276,369
2017
$3,492 (+2.3%)
$64,317 + $201,322
$265,639
2016
$3,415 (+5.9%)
$64,317 + $201,322
$265,639
2015
$3,225 (+0.7%)
$63,056 + $197,375
$260,431
2014
$3,204 (+2.9%)
$60,893 + $190,603
$251,496
2012
$3,115 (+2.5%)
$60,618 + $189,742
$250,360
2011
$3,038 (−4.0%)
$59,430 + $186,022
$245,452
2010
$3,164 (+2.4%)
$58,265 + $182,375
$240,640
2009
$3,089 (+14.7%)
$57,830 + $181,012
$238,842
2008
$2,693
$56,832 + $177,886
$234,718
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
9,450 Sq. Ft.
Year renovated
1980
Finished Sq. Ft.
1,936
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,936
Year built
1980
Style
Multi-Family (2-4 Unit)
County
Santa Clara County
APN
79906012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 21, 2026.
R-2
Two Family Residential District
This article of the Zoning Ordinance is intended to be used primarily within the established neighborhoods of the city to provide a mix of duplexes and single-family dwellings. The average density is intended to be between 3 and 9 dwelling units per acre. It is intended that this will provide for the replacement of severely deteriorated structures while maintaining the low density residential character of the older neighborhoods. The following regulations, except to the extent that they may be modified by a combining district, shall apply to every lot and building in an R2 two family residential district.
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Public service
Educational/school
Park & open space
Jun 25, 2013 • Final
Legacy - permit - bplumbing - none (sg)
Remove and replace a water heater.
Plumbing
Water heater
Mar 27, 2013 • Final
Legacy - permit - broof - breroofcp3 (sg)
Remove the existing composition roof and install a new composition roof. No new sheathing will be installed.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
16 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Gilroy, CA • 95020
Average low and high temperatures (°F)
61
37
63
42
69
45
68
47
75
50
78
52
79
55
83
54
81
55
76
50
64
43
60
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Gilroy. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 263 Fifth St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $899,888 and $1,460,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $900K to $1.5M.