Two-Unit Duplex with
For Sale
$649,000
Pending
3210 Kansas Street, Oakland, CA 94602
Residential Income, Oakland, CA
Property Size2,294 SF
Lot Size0.08 Acres
Days on Market73
Property Features for 3210 Kansas Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 2
Parking
2
Parking features
Garage
Lot features
Shape Regular, Shape Regular
Elementary school district
Alameda
Middle school district
Alameda
High school district
Oakland Unified
Directions
Take Laurel to Kansas
Subdivision
Oakland Zip 94602
Special listing conditions
Probate Listing
Standard status
Pending
APN
0280942026
Size
2,294 SF
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
hardwood flooring
separate laundry areas
large backyard
Building Details
Year built
1962
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Tile, Wood
Building materials
Wood
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Berkshire Hathaway-Franciscan · Berkshire Hathaway HomeServices
(415) 664-9400
Listed By:
Andrew de Vries
(415) 664-9400
Added: Jun 18
Changed: Aug 27
Last Checked: Aug 29 at 4:06PM
MLS# 426139966
Copyright © 2026 San Francisco 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.
Investment Insights
Based on property information with market context.
This 1962-built duplex contains two residences within approximately 2294 square feet on a 3500-square-foot lot. The upper unit includes three bedrooms, two baths, a large living room, a spacious kitchen, hardwood flooring, and access to the backyard. The lower unit provides two bedrooms and one bath, with generous rooms, natural light, and a practical layout. Both residences have separate laundry areas, while the property also includes a two-car garage with storage, a large backyard, central heating, public water, public sewer, and a composition roof.
The property is located at 3210 Kansas Street in Oakland’s Laurel District, near local shops, restaurants, cafes, schools, parks, public transportation, and major commuter routes. It is offered as-is and is described as vacant at closing. The upper residence may contain approximately 1200 square feet and the lower residence approximately 900 square feet based on available floor plans; buyer to verify.
The property is located at 3210 Kansas Street in Oakland’s Laurel District, near local shops, restaurants, cafes, schools, parks, public transportation, and major commuter routes. It is offered as-is and is described as vacant at closing. The upper residence may contain approximately 1200 square feet and the lower residence approximately 900 square feet based on available floor plans; buyer to verify.
Key Highlights
- Two‑unit duplex with 2294 SF of building area on a 3500 SF lot
- Upper residence offers 3BR/2BA; lower residence provides 2BR/1BA
- Two‑car garage includes storage space
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
$52,573
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
8.10%
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%
$1,051,460
$1.1M
Cap Rate 7%
$751,043
$751.0K
Cap Rate 9%
$584,144
$584.1K
Market Conditions
NOI Build-Up for 2,294 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
$78.5K $34.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$75.1K $32.74/SF
− OpEx
−$22.5K −$9.82/SF
NOI
$52.6K $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%
$1,051,460
Cap Rate 7%
$751,043
Cap Rate 9%
$584,144
Alternative Uses
Best Use
Multifamily LT 5
$751.0K
$657.2K – $876.2K
NOI $52,573 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$692.0K
$605.5K – $807.3K
NOI $48,438 @ 7.0% cap · market cap 7.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
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 - Wood construction, backyard space, and separate laundry areas support flexible residential use.
Where is this duplex located?
The property is located at 3210 Kansas Street Oakland, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex with 2294 SF of building area on a 3500 SF lot; Upper residence offers 3BR/2BA; lower residence provides 2BR/1BA; Two‑car garage includes storage space
