Duplex with Private Yard
For Sale
$1,199,888
Pending
7359-7361 Glenoaks Way, Dublin, CA 94568
MULTI_FAMILY - Dublin, CA
Property Size1,926 SF
Lot Size0.15 Acres
Days on Market55
Property Features for 7359-7361 Glenoaks Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bathroom 3, Bathroom 6, Bedroom 4, Bedroom 1, Bathroom 8, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bathroom 1
Window features
Double Pane Windows
Interior features
Updated Baths, Updated Kitchen, Tub w/Shower Over
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Subdivision
Glenoaks
Lot features
Level
Elementary school district
Dublin (925) 828-2551
High school district
Dublin (925) 828-2551
Directions
Alcosta/Kimball/Bandon/Glenoaks
Standard status
Pending
APN
941186147
Size
1,926 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1968
Number of units
2
Flooring type
Carpet, Laminate, Tile
Building materials
Stucco
Roof type
Composition
Listing Agency:
Poppy Realty
(510) 304-1156
Listed By:
Shawna Jorat
(510) 304-1156
Added: Jun 16
Changed: Aug 3
Last Checked: Aug 9 at 1:06PM
MLS# 41138490
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.
This duplex offers two separate residential units in a well-maintained stucco building constructed in 1968. Each unit features updated interiors, including granite countertops, laminate flooring, and updated baths. Both units include convenient eat-in kitchens, laundry hookups, front yard space, and sliding doors to backyard space, with a fenced exterior setting that supports private outdoor use. The vacant unit has new carpet, new interior paint throughout, and new light fixtures.
The property is located at 7359-7361 Glenoaks Way in Dublin’s Glenoaks neighborhood, near schools, shopping, dining, BART, and freeway access. Each unit is supported by its own 1-car garage, and the home has forced-air heating with a composition roof. Sewer service is provided by the public sewer system.
With two units and yard space for each, the layout can support a variety of owner-occupant or rental approaches within the existing duplex configuration.
The property is located at 7359-7361 Glenoaks Way in Dublin’s Glenoaks neighborhood, near schools, shopping, dining, BART, and freeway access. Each unit is supported by its own 1-car garage, and the home has forced-air heating with a composition roof. Sewer service is provided by the public sewer system.
With two units and yard space for each, the layout can support a variety of owner-occupant or rental approaches within the existing duplex configuration.
Key Highlights
- Two‑unit duplex with separate back and side yard space
- Each unit includes an eat‑in kitchen, laundry hookups, and sliding doors to the backyard
- Updated interiors: granite countertops, laminate flooring, and updated baths
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
$64,646
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
5.39%
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%
$1,292,920
$1.3M
Cap Rate 7%
$923,514
$923.5K
Cap Rate 9%
$718,289
$718.3K
Market Conditions
NOI Build-Up for 1,926 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
$98.2K $51.00/SF
− Vacancy
−$5.9K −$3.05/SF
EGI
$92.4K $47.95/SF
− OpEx
−$27.7K −$14.39/SF
NOI
$64.6K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,292,920
Cap Rate 7%
$923,514
Cap Rate 9%
$718,289
Alternative Uses
Best Use
Multifamily LT 5
$923.5K
$808.1K – $1.08M
NOI $64,646 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$398.6K
$348.8K – $465.0K
NOI $27,900 @ 7.0% cap · market cap 2.33%
Theoretical Best
Retail
$8.78M
$7.68M – $10.24M
NOI $614,638 @ 7.0% cap · market cap 51.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 94568, CA
72,590
Population
24,737
Households
2.9
Avg Household Size
36
Median Age
70%
College-Educated
96%
High-School Grad
16.5 sq mi
ZIP Area
4,399
Density / Sq Mi
$205,046
Median Household Income
$112,571
Median Earnings
$3,174
Median Rent
$1,224,100
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 - Well-maintained duplex with updated kitchens and baths, forced-air heat, and front and back yard space for each unit.
Where is this duplex located?
The property is located at 7359-7361 Glenoaks Way Dublin, CA.
What is the asking price?
The asking price for this property is $1,199,888.
What are key features of this property?
This property features: Two‑unit duplex with separate back and side yard space; Each unit includes an eat‑in kitchen, laundry hookups, and sliding doors to the backyard; Updated interiors: granite countertops, laminate flooring, and updated baths
