Victorian Triplex with Private
For Sale
$850,000
2244 E 20Th St, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size3,938 SF
Lot Size0.10 Acres
Price / SF$215.85
Days on Market10
Property Features for 2244 E 20Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 8, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Laundry Room, Bedroom 6, Bedroom 7, Bedroom 4, Bathroom 3, Bathroom 2
Parking features
Off Street
Window features
Window Coverings
Exterior features
Back Yard, Storage
Fencing
Fenced
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
San Antonio
Lot features
Level
View
Hills
Directions
From Foothill Blvd, go to 23rd Ave, and to E 20th St.
Standard status
Active
APN
2125212
Size
3,938 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
shared laundry area
storage unit
bike storage
deck
mini-split AC
Building Details
Year built
1898
Number of units
3
Flooring type
Tile, Vinyl, Hardwood
Building materials
Wood Siding
Roof type
Composition
Additional Structures
Storage
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Michael Garcia · License #01778005
(510) 303-1757
Added: Sep 13
Changed: Sep 20
Last Checked: Sep 22 at 2:06PM
MLS# 41148176
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1898, this 3,938-square-foot Victorian-style triplex includes 8 bedrooms, 6 bathrooms, and 3 full kitchens arranged across three distinct living areas. Each area has a private entrance, creating a flexible configuration for rental use or multigenerational occupancy. The principal residence includes 4 bedrooms, 3 bathrooms, high ceilings, an open floor plan, formal dining room, and an updated kitchen. An attic bedroom includes a private bathroom, mini-split AC, and storage. The lower level contains two self-contained areas, including one with 1 bedroom and 1 bathroom and another with 3 bedrooms, two bathrooms, and separate kitchens and entrances. A shared laundry area serves the lower spaces.
The property occupies a 0.1045-acre lot in Oakland and includes a fenced backyard with a storage unit, bike storage, fruit trees, and a deck with views toward the Oakland hills. Additional features include hardwood, tile, and vinyl flooring; forced-air heating; window and wall-unit cooling; off-street parking; public water; and public sewer.
The property occupies a 0.1045-acre lot in Oakland and includes a fenced backyard with a storage unit, bike storage, fruit trees, and a deck with views toward the Oakland hills. Additional features include hardwood, tile, and vinyl flooring; forced-air heating; window and wall-unit cooling; off-street parking; public water; and public sewer.
Key Highlights
- 3,938 square feet with 8 bedrooms and 6 bathrooms
- 3 full kitchens across three separate living areas
- Private entrance for each living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,547,360
$1.5M
Cap Rate 7%
$1,105,257
$1.1M
Cap Rate 9%
$859,644
$859.6K
Market Conditions
NOI Build-Up for 3,938 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$148.9K $37.80/SF
− Vacancy
−$8.2K −$2.08/SF
EGI
$140.7K $35.72/SF
− OpEx
−$63.3K −$16.07/SF
NOI
$77.4K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,547,360
Cap Rate 7%
$1,105,257
Cap Rate 9%
$859,644
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,652 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$1.11M
$967.1K – $1.29M
NOI $77,368 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,572 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Flexible Oakland property with three living areas, multiple kitchens, and separate access for residents or tenants.
Where is this triplex located?
The property is located at 2244 E 20Th St Oakland, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,938 square feet with 8 bedrooms and 6 bathrooms; 3 full kitchens across three separate living areas; Private entrance for each living area
