Charming Livermore Multifamily
2659 3Rd St, Livermore, CA 94550
- Added:
- Apr 10, 2026
- Days on Market:
- 52
- Last Refresh:
- May 31 at 3:06 pm
Property Features for 2659 3Rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Open
- Exterior features
- Back Yard, Front Yard, Garden/Play
- Fencing
- Fenced
- Appliances
- Gas Water Heater
- Standard status
- Pending
- APN
- 9713331
- Size
- 2,188 SF
- Lot size
- 0.11 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1954
- Number of units
- 1
- Flooring type
- Wood, Carpet, Laminate, Tile
- Building materials
- Stucco, Wood Siding
- Roof type
- Composition
Listing agent Joe Reichert (925) 323-5051
Listing office Keller Williams Realty 601 Sycamore Valley Road W, Danville, CA (925) 855-8333
Listing date Apr 10, 2026
MLS# 41130458
Listing URL
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Updated kitchen and bathrooms
- Potential for two separate living spaces or rental units
- Close proximity to Downtown Livermore shops, restaurants, and wineries
- Potential for a 5th bedroom
- Central air conditioning
- Back yard and garden/play area
Overview
This charming and versatile home is located a short distance from downtown Livermore. The property is currently configured as two separate living spaces, but it could be converted back fairly easily or potentially permanently made into two units. There is potential for a fifth bedroom as well. The kitchen and bathrooms have been updated. The property is close to many shops, restaurants, and wineries. The lot size is 0.1148 acres. The property size is 2188 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $51.00 |
| − Vacancy | −$6.7k | −$3.05 |
| EGI | $104.9k | $47.95 |
| − OpEx | −$31.5k | −$14.39 |
| NOI | $73.4k | $33.57 |
2,188 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.0K – $1.22M
NOI $73,441 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$452.8K
$396.2K – $528.3K
NOI $31,696 @ 7.0% cap · market cap 3.17%
Theoretical Best
Retail
$9.97M
$8.73M – $11.64M
NOI $698,249 @ 7.0% cap · market cap 69.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Livermore
- County
- Alameda
- State
- California
- Longitude
- -121.763344
- Latitude
- 37.683563
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Versatile home near downtown Livermore, potential for two units.
Where is this multifamily property located?
The property is located at 2659 3Rd St Livermore, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Updated kitchen and bathrooms; Potential for two separate living spaces or rental units; Close proximity to Downtown Livermore shops, restaurants, and wineries
