Berkeley Duplex Investment
2220 Seventh St Berkeley, CA 94710
2220 Seventh St, Berkeley, CA, 94710
$1,020,000
For Sale
$1,020,000
2 units in one two-story building
Property Size3,600 SF
Lot Size0.08 Acres
Price / SF$283.33
Days on Market541
Property Features for 2220 Seventh St
General Information
- Standard status
- Active
- Property type
- Residential income homes, Other residential income properties, Multifamily properties, Investment properties, Residential income properties
- Size
- 3,600 SF
- Elevators
- N/A
- Lot size
- 0.08 Acres
Building Details
- Year Built
- 1904
- Buildings
- 1
- Stories
- 2
- Units
- 2
Listing Office
(415) 625-2160
Listed by
Emil
(415) 625-2160
Added: Jan 23, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This two-story duplex, constructed in 1907, is situated in Berkeley, California. The property features two units within a 3600-square-foot building on a 0.08-acre lot. Its location offers convenient access to the 4th Street shopping center and the North Berkeley BART station. The property includes a parking area with two parking spaces. This property is an investment opportunity for buyers seeking a well-located property in a Berkeley neighborhood. Its proximity to public transportation and shopping makes it an attractive option for renters, promising rental income potential.
Key Highlights
- City
- BERKELEY
- Building Type
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.1k | $34.20 |
| − Vacancy | −$6.4k | −$1.78 |
| EGI | $116.7k | $32.42 |
| − OpEx | −$35.0k | −$9.73 |
| NOI | $81.7k | $22.70 |
3,600 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,702 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.02M
$894.4K – $1.19M
NOI $71,553 @ 7.0% cap · market cap 7.02%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,459 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income homes
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income home - 2 units in one two-story building
Where is this residential income home located?
The property is located at 2220 Seventh St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: City; BERKELEY; Building Type
