Duplex with Ground-Floor
For Sale
$798,000
414 E 12Th St, Oakland, CA 94606
MULTI_FAMILY - Oakland, CA
Property Size3,000 SF
Lot Size0.09 Acres
Price / SF$266
Days on Market16
Property Features for 414 E 12Th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4
Parking
2
Parking features
Off Street
Appliances
Gas Water Heater
Subdivision
CLINTON
Lot features
Irregular Lot
Standard status
Active
APN
2012515
Size
3,000 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Flooring type
Laminate
Building materials
Stucco
Listing Agency:
Michael James Real Estate
(510) 835-2828
Listed By:
Denise MaNguyen
(510) 593-7367
Added: Jul 25
Changed: Aug 4
Last Checked: Aug 9 at 8:06AM
MLS# 41142848
Copyright © 2026 bridgeMLS. 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 duplex-style mixed-use property at 414 E 12th St includes two resident units and a store front commercial space. The resident units have remodeled kitchens and bathrooms, and the home features stucco construction with laminate flooring. Heating is provided via natural gas, and there is a gas water heater. Off-street parking is available, and the property is served by public water and public sewer.
The site covers 0.0861 acres and has a property size of 3,000 square feet. Built in 1900, the building is located within an Opportunity Zone.
For investors, the configuration supports both residential and storefront uses within a single mixed-use asset. The offering notes that the property does not allow FHA financing.
The site covers 0.0861 acres and has a property size of 3,000 square feet. Built in 1900, the building is located within an Opportunity Zone.
For investors, the configuration supports both residential and storefront uses within a single mixed-use asset. The offering notes that the property does not allow FHA financing.
Key Highlights
- 0.0861‑acre duplex with mixed‑use store front and two resident units
- 3,000 SF building area
- Remodeled kitchens and bathrooms in both resident units
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
$64,488
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
8.08%
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%
$1,289,760
$1.3M
Cap Rate 7%
$921,257
$921.3K
Cap Rate 9%
$716,533
$716.5K
Market Conditions
NOI Build-Up for 3,000 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
$97.2K $32.40/SF
− Vacancy
−$5.1K −$1.69/SF
EGI
$92.1K $30.71/SF
− OpEx
−$27.6K −$9.21/SF
NOI
$64.5K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /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%
$1,289,760
Cap Rate 7%
$921,257
Cap Rate 9%
$716,533
Alternative Uses
Best Use
Multifamily LT 5
$921.3K
$806.1K – $1.07M
NOI $64,488 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,662 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,960
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
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 - Two residential units plus a storefront commercial space, with remodeled kitchens and bathrooms throughout.
Where is this duplex located?
The property is located at 414 E 12Th St Oakland, CA.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 0.0861‑acre duplex with mixed‑use store front and two resident units; 3,000 SF building area; Remodeled kitchens and bathrooms in both resident units
