Historic Duplex with Studio and
For Sale
Contact for pricing
1035 8th Ave, Oakland, CA 94606
Duplex combines a studio and two-bedroom unit, offering flexible residential income layout near transit and amenities.
Property Size1,369 SF
Price / SF$292.18
Days on Market98
Property Features for 1035 8th Ave
General Information
Standard status
Active
Size
1,369 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1904
Units
2
Listing Agency:
Walker & Dunlop
Listed By:
Mike Colhoun · License #CA #01464496
Source:
Crexi
Added: Jun 3
Changed: Aug 26
Last Checked: Sep 8 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Walker & Dunlop
Investment Insights
Based on property information with market context.
1035 8th Ave is a duplex featuring a studio unit and a two-bedroom residence. Built in 1904, the property offers approximately 1,369 square feet of living space and reflects classic architectural character while providing a practical multi-unit layout. The unit mix creates straightforward options for residents who want a smaller footprint in one home and additional space in the other.
The property is located at 1035 8th Ave in Oakland’s East Peralta neighborhood. According to the remarks, the area provides convenient access to transit and nearby amenities, which can support day-to-day convenience for occupants.
This duplex is well suited for buyers seeking a residential income property with two distinct living configurations under one roof. The studio/two-bedroom combination can appeal to a range of household needs while keeping the asset simple to manage as a single, two-unit building. For an owner-occupant, the layout also allows the possibility of living in one unit while renting the other, depending on the buyer’s objectives.
The property is located at 1035 8th Ave in Oakland’s East Peralta neighborhood. According to the remarks, the area provides convenient access to transit and nearby amenities, which can support day-to-day convenience for occupants.
This duplex is well suited for buyers seeking a residential income property with two distinct living configurations under one roof. The studio/two-bedroom combination can appeal to a range of household needs while keeping the asset simple to manage as a single, two-unit building. For an owner-occupant, the layout also allows the possibility of living in one unit while renting the other, depending on the buyer’s objectives.
Key Highlights
- Duplex built in 1904 in Oakland’s East Peralta neighborhood
- Multi‑unit layout includes a studio unit plus a two‑bedroom residence
- Approximately 1,369 SF combined building size
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
$29,428
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
7.36%
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%
$588,560
$588.6K
Cap Rate 7%
$420,400
$420.4K
Cap Rate 9%
$326,978
$327.0K
Market Conditions
NOI Build-Up for 1,369 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
$44.4K $32.40/SF
− Vacancy
−$2.3K −$1.69/SF
EGI
$42.0K $30.71/SF
− OpEx
−$12.6K −$9.21/SF
NOI
$29.4K $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%
$588,560
Cap Rate 7%
$420,400
Cap Rate 9%
$326,978
Alternative Uses
Best Use
Multifamily LT 5
$420.4K
$367.9K – $490.5K
NOI $29,428 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,896 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$623.6K
$545.7K – $727.6K
NOI $43,654 @ 7.0% cap · market cap 10.91%
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
1,483
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 - Duplex combines a studio and two-bedroom unit, offering flexible residential income layout near transit and amenities.
Where is this duplex located?
The property is located at 1035 8th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Duplex built in 1904 in Oakland’s East Peralta neighborhood; Multi‑unit layout includes a studio unit plus a two‑bedroom residence; Approximately 1,369 SF combined building size
