57 East 1st Street

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 (ML 82040865), 57 E 1st Street (ML82040868), 70 & 74 E Main Street (ML82040872), and 50 E Main Street (ML82040862). Marketing package is in the disclosure link.

Days on Market

6 days

Current Status

Active

Original Price

$6,688,000

List Price

$6,688,000

On Market Date

Mar 30, 2026

Property Type

Single Family Home

Area

1 - Morgan Hill / Gilroy / San Martin

Zip Code

95037

MLS ID

ML82040868

APN

726-14-045

Year Built

1910

Stories in Building

1

Possession

Unavailable

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

2

Bath

2 (1/1)

Parking

2

Carport, On Street

SQ FT

900

SQ FT Source

Unavailable

Lot SQ FT

6,400.0

Lot Acres

0.146924 Acres

Cooling

Central AC

Dining Room

Dining Area, Eat in Kitchen

Disclosures

Natural Hazard Disclosure

Family Room

Kitchen / Family Room Combo

Flooring

Carpet, Vinyl / Linoleum

Foundation

Crawl Space

Heating

Central Forced Air

Laundry

Outside, Washer / Dryer

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.