# House Hacking in Fremont (94536): Two rail lines at the rebuilt Centerville depot · The Rent Hacker > Fremont 94536 for house hackers: Centerville Plaza (290 affordable units plus retail) funded with Phase 1 imminent, in-ZIP Capitol Corridor and ACE at the reb Canonical: https://therenthacker.com/house-hacking/fremont-centerville-94536/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [East Bay guide](/house-hacking/east-bay/) · Tier A · Rank #18 of 87 # House hacking in Fremont (Centerville / Niles). Centerville Plaza (290 affordable units plus retail) funded with Phase 1 imminent, in-ZIP Capitol Corridor and ACE at the rebuilt depot, and Fremont's TOD overlay. The catch is the ~$1.6M Fremont basis. ## What's actually happening in 94536 - Funded / imminent Centerville Plaza (290 affordable units plus retail): funded, Phase 1 targeted ~June 2026. [The Real Deal](https://therealdeal.com/san-francisco/2026/05/21/usa-properties-fund-buys-fremont-development-site/) - Operational In-ZIP Capitol Corridor and ACE at the rebuilt Centerville depot; Fremont BART about 2 miles out. Capitol Corridor / ACE - Under construction / adopted Centerville Complete Streets under construction; the Fremont TOD overlay was adopted Dec 2023. City of Fremont - Existing anchors Washington Hospital plus the Tesla employment shed. City of Fremont ## The numbers Median price ~$1.6M (Fremont) Market rent Fremont $2,818/mo (Zumper; +2.3% YoY) Property tax (Alameda County) ~1.25% effective (Fremont) Per-bed rent band $1,100–1,400/mo per bed ADU rent band $2,200–2,800/mo Whole-home rent band 2bd $3,086 / 3bd $3,755 whole-home Underwriting vacancy 4% underwriting vacancy Appreciation scenarios 1.0 / 2.5 / 3.5 %/yr (conservative / base / upside) The basis is the constraint here, and the catalysts are real. Appreciation basis: The $1.6M basis caps the play at SFH-ADU; low-to-mid capex. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 94536 1 building in 94536 carry a record. 0 beat renting and index funds; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [37167 Mission Blvd](/property/rh-2h3qld/37167-mission-blvd/) 1 unit · $1,199,000 −$1,023,025 S&P 500 Underwritten — the index wins at our defaults The full [board](/board/) shows every region's current week; this table is every record we hold for 94536, newest basis first. ## The house-hack angle SFH-with-ADU only at this basis: room and small-multifamily economics don't pencil for a 3–10% down buyer at ~$1.6M. ## What breaks it - The ~$1.6M basis is the affordability flag that held this ZIP at A - Fremont comps printed -2.2% YoY: negotiate, and don't underwrite appreciation - City-proxy rents: re-comp at the property level This page is the standing analysis. The weekly part, actual Fremont-area listings that pass the math, lands on the East Bay board every Wednesday. [This week's East Bay board](/board/sf-east-bay/) [This week's East Bay board](/board/sf-east-bay/) · [Read past East Bay issues](/issues/sf-east-bay/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-04, catalysts re-verified 2026-07-15. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, week of 2026-07-02). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.