Victorian Duplex with Front
For Sale
$699,000
Pending
2836 Myrtle St, Oakland, CA 94608
MULTI_FAMILY - Oakland, CA
Property Size2,590 SF
Lot Size0.14 Acres
Days on Market72
Property Features for 2836 Myrtle St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Exterior features
Front Yard
Subdivision
West Oakland
Lot features
2 Houses / 1 Lot
Directions
GPS..
Standard status
Pending
APN
545216
Size
2,590 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1904
Number of units
2
Flooring type
Laminate, Tile
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Nicholas Liesenfeld · License #01364555
(510) 606-0107
Added: Jun 5
Changed: Aug 3
Last Checked: Aug 15 at 4:06AM
MLS# 41137300
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.
Victorian duplex offering approximately 2,590 square feet with 6 bedrooms and 3 bathrooms. The property features wood siding and composition roofing, with laminate and tile flooring. Heating is provided by wall furnace units. A front yard adds outdoor space, and the home is served by public water and public sewer.
Built in 1904, the duplex is located at 2836 Myrtle St, Oakland, CA 94608 in Alameda County. The configuration includes multiple bedrooms and bathrooms across the residence, supported by the existing room layout.
This is a versatile residential income property with room for either owner-occupancy or multigenerational use, with a layout that supports multiple sleeping areas and bathrooms within the duplex format.
Built in 1904, the duplex is located at 2836 Myrtle St, Oakland, CA 94608 in Alameda County. The configuration includes multiple bedrooms and bathrooms across the residence, supported by the existing room layout.
This is a versatile residential income property with room for either owner-occupancy or multigenerational use, with a layout that supports multiple sleeping areas and bathrooms within the duplex format.
Key Highlights
- Approximately 2,590 SF Victorian duplex with 6 bedrooms and 3 bathrooms
- Built in 1904 with wood siding exterior and a composition roof
- Wall furnace heating with laminate and tile flooring
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
$59,357
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
8.49%
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%
$1,187,140
$1.2M
Cap Rate 7%
$847,957
$848.0K
Cap Rate 9%
$659,522
$659.5K
Market Conditions
NOI Build-Up for 2,590 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
$88.6K $34.20/SF
− Vacancy
−$3.8K −$1.46/SF
EGI
$84.8K $32.74/SF
− OpEx
−$25.4K −$9.82/SF
NOI
$59.4K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,187,140
Cap Rate 7%
$847,957
Cap Rate 9%
$659,522
Alternative Uses
Best Use
Multifamily LT 5
$848.0K
$742.0K – $989.3K
NOI $59,357 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$781.3K
$683.6K – $911.5K
NOI $54,688 @ 7.0% cap · market cap 7.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Victorian duplex offering 6 bedrooms and 3 bathrooms with a front yard and public utilities.
Where is this duplex located?
The property is located at 2836 Myrtle St Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 2,590 SF Victorian duplex with 6 bedrooms and 3 bathrooms; Built in 1904 with wood siding exterior and a composition roof; Wall furnace heating with laminate and tile flooring
