Duplex with Corner
For Sale
$1,195,000
4201 Redding Street, Oakland, CA 94619
MULTI_FAMILY - Oakland, CA
Property Size2,082 SF
Lot Size0.17 Acres
Price / SF$573.97
Days on Market51
Property Features for 4201 Redding Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
3
Parking features
Covered, On Street
Window features
Double Pane Windows
Exterior features
Back Yard, Front Yard, Yard Space
Fencing
Fenced
Appliances
Tankless Water Heater
Subdivision
LAUREL DISTRICT
Lot features
Irregular Lot
Standard status
Active
Size
2,082 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Floor Furnace
Cooling system
Central Air
Water source
Public
Building Details
Year built
1923
Flooring type
Hardwood, Vinyl
Building materials
Stucco, Frame, Wood Siding
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Phillip L. Fair · License #00770636
(510) 719-6406
Added: Jun 18
Changed: Aug 6
Last Checked: Aug 7 at 6:06AM
MLS# 41138802
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.
Two renovated detached homes on one corner lot in Oakland’s Laurel District offer a flexible duplex-style setup for owner-occupants, multigenerational living, or an investor looking for a two-unit property. The combined living area is approximately 2,082 square feet with 4+ bedrooms and 2 bathrooms. Each residence has its own entrance and a nicely sized yard, enhancing privacy and separation between the homes.
Both homes have been updated with thermal pane windows, refinished hardwood floors, new plumbing, and new forced air furnaces. The remodeled kitchens include new vinyl plank flooring and all new appliances and features, including stoves and hoods, refrigerators, dishwashers, microwaves, garbage disposals, stainless steel kitchen sinks, cabinets, and quartz countertops. Updated bathrooms feature new tile floors, bathtubs, toilets, and vanities, and both homes have been freshly painted in and out.
Additional property details include a gated driveway and fenced rear yard for 4201, and for 4203 a 2-car parking pad plus fenced front and back yards with a new concrete patio. The property sits on 0.17 acres and was built in 1923, with public water and public sewer.
Both homes have been updated with thermal pane windows, refinished hardwood floors, new plumbing, and new forced air furnaces. The remodeled kitchens include new vinyl plank flooring and all new appliances and features, including stoves and hoods, refrigerators, dishwashers, microwaves, garbage disposals, stainless steel kitchen sinks, cabinets, and quartz countertops. Updated bathrooms feature new tile floors, bathtubs, toilets, and vanities, and both homes have been freshly painted in and out.
Additional property details include a gated driveway and fenced rear yard for 4201, and for 4203 a 2-car parking pad plus fenced front and back yards with a new concrete patio. The property sits on 0.17 acres and was built in 1923, with public water and public sewer.
Key Highlights
- 0.17‑acre corner lot with two renovated detached homes
- Combined living area approximately 2,082 SF with 4+ bedrooms and 2 bathrooms
- Separate entrances for each home plus front and rear yard 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
$47,715
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
3.99%
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%
$954,300
$954.3K
Cap Rate 7%
$681,643
$681.6K
Cap Rate 9%
$530,167
$530.2K
Market Conditions
NOI Build-Up for 2,082 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
$71.2K $34.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$68.2K $32.74/SF
− OpEx
−$20.4K −$9.82/SF
NOI
$47.7K $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%
$954,300
Cap Rate 7%
$681,643
Cap Rate 9%
$530,167
Alternative Uses
Best Use
Multifamily LT 5
$681.6K
$596.4K – $795.3K
NOI $47,715 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,962 @ 7.0% cap · market cap 3.68%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
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 renovated detached homes on a corner lot, each with its own entrance, yards, and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 4201 Redding Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 0.17‑acre corner lot with two renovated detached homes; Combined living area approximately 2,082 SF with 4+ bedrooms and 2 bathrooms; Separate entrances for each home plus front and rear yard space
