Berkeley Duplex Investment
For Sale
$1,020,000
2220 Seventh St, Berkeley, CA 94710
2 units in one two-story building
Property Size3,600 SF
Lot Size0.08 Acres
Price / SF$283.33
Days on Market632
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
Listed By:
Emil Jellinek
(415) 625-2160
Added: Jan 23, 2025
Changed: Mar 16
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,702
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,634,040
$1.6M
Cap Rate 7%
$1,167,171
$1.2M
Cap Rate 9%
$907,800
$907.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$123.1K $34.20/SF
− Vacancy
−$6.4K −$1.78/SF
EGI
$116.7K $32.42/SF
− OpEx
−$35.0K −$9.73/SF
NOI
$81.7K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,634,040
Cap Rate 7%
$1,167,171
Cap Rate 9%
$907,800
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
Explore this area
Business Placement
Demographics for 94710, CA
9,552
Population
4,105
Households
2.3
Avg Household Size
38
Median Age
65%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
4,342
Density / Sq Mi
$118,007
Median Household Income
$67,117
Median Earnings
$2,546
Median Rent
$1,084,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
