Remodeled Duplex with Basement
For Sale
$949,888
3214 13Th Ave, Oakland, CA 94610
MULTI_FAMILY - Oakland, CA
Property Size1,662 SF
Lot Size0.05 Acres
Price / SF$571.53
Days on Market579
Property Features for 3214 13Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 4, Bedroom 3, Bathroom 7, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Interior features
Storage
Appliances
Dryer, Washer
Lot features
Level
Subdivision
Listing
Standard status
Active
APN
22385145
Size
1,662 SF
Lot size
0.05 Acres
Utilities
Heating system
Wall Furnace
Amenities
basement
washer/dryer units
storage space
Building Details
Year built
1895
Number of units
2
Flooring type
Laminate
Building materials
Frame
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Legacy Real Estate & Assoc. · ERA Real Estate
(925) 621-1200
Listed By:
Neal Berry · License #01884567
(925) 785-1636
Added: Jan 8, 2025
Changed: Aug 3
Last Checked: Aug 10 at 6:06PM
MLS# 41081777
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.
Remodeled duplex offering a bright, open layout and turnkey updates throughout. The home features updated interiors with modern laminate flooring and freshly painted rooms. The kitchen includes new appliances, and the property includes storage features for day-to-day organization. Heating is provided by wall furnaces.
Additional functionality comes from the basement, which is equipped with two washer/dryer units and includes generous storage space. The duplex is framed construction with a composition roof.
Built in 1895, this 1,662-square-foot property sits on a 0.0481-acre lot and is presented as a two-bedroom, one-bathroom duplex.
Additional functionality comes from the basement, which is equipped with two washer/dryer units and includes generous storage space. The duplex is framed construction with a composition roof.
Built in 1895, this 1,662-square-foot property sits on a 0.0481-acre lot and is presented as a two-bedroom, one-bathroom duplex.
Key Highlights
- Turnkey remodeled duplex with updated interiors, modern laminate flooring, and freshly painted spaces
- Kitchen includes new appliances
- Basement includes two washer/dryer units plus generous storage
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
$38,089
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
4.01%
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%
$761,780
$761.8K
Cap Rate 7%
$544,129
$544.1K
Cap Rate 9%
$423,211
$423.2K
Market Conditions
NOI Build-Up for 1,662 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
$56.8K $34.20/SF
− Vacancy
−$2.4K −$1.46/SF
EGI
$54.4K $32.74/SF
− OpEx
−$16.3K −$9.82/SF
NOI
$38.1K $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%
$761,780
Cap Rate 7%
$544,129
Cap Rate 9%
$423,211
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$501.3K
$438.7K – $584.9K
NOI $35,093 @ 7.0% cap · market cap 3.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
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 - Remodeled duplex with two bedrooms and one bathroom, updated interiors, and a basement with two washer/dryer units.
Where is this duplex located?
The property is located at 3214 13Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $949,888.
What are key features of this property?
This property features: Turnkey remodeled duplex with updated interiors, modern laminate flooring, and freshly painted spaces; Kitchen includes new appliances; Basement includes two washer/dryer units plus generous storage
