3-Unit Triplex with
1160 Powell Street, Oakland, CA 94608
For Sale
$1,450,000
Residential Income, Oakland, CA
Property Size2,184 SF
Lot Size0.07 Acres
Price / SF$663.92
Days on Market51
Property Features for 1160 Powell Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Water source
Amenities
high ceilings
crown molding
skylights
French doors
built-ins
gas fireplace
sunroom
laundry room
concrete sitting area
storage shed
drip irrigation
fruit trees
rose bushes
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Coldwell Banker Kappel Gateway Realty · Coldwell Banker Real Estate
(707) 446-9800
Listed By:
Monique Kenner
(925) 305-5767
Added: Sep 17
Changed: Nov 5
Last Checked: Nov 6 at 9:06PM
MLS# 326079724
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,184-square-foot triplex, built in 1924, contains an upstairs primary residence, a separate one-bedroom apartment and a studio. The two smaller units have been remodeled and include laundry hookups. The main home features high ceilings, crown molding, skylights, French doors, built-in cabinetry and a gas fireplace, along with an eat-in kitchen, sunroom and separate laundry room. Wall furnaces provide heat.
The 0.0689-acre property includes mature fruit trees, rose bushes, drip irrigation, a concrete sitting area and a storage shed. System improvements include an upgraded electrical panel, a 75-gallon water heater and drainage plumbing work. All three residences are scheduled for delivery vacant. An additional dwelling unit may be possible, subject to independent review of zoning, permits, feasibility and applicable requirements.
The 0.0689-acre property includes mature fruit trees, rose bushes, drip irrigation, a concrete sitting area and a storage shed. System improvements include an upgraded electrical panel, a 75-gallon water heater and drainage plumbing work. All three residences are scheduled for delivery vacant. An additional dwelling unit may be possible, subject to independent review of zoning, permits, feasibility and applicable requirements.
Key Highlights
- Three separate living spaces: an upstairs residence, one‑bedroom apartment and studio
- 2,184 square feet of building area on a 0.0689‑acre lot
- Built in 1924; two smaller residences have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,052
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,040
$1.0M
Cap Rate 7%
$715,029
$715.0K
Cap Rate 9%
$556,133
$556.1K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$74.7K $34.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$71.5K $32.74/SF
− OpEx
−$21.5K −$9.82/SF
NOI
$50.1K $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 Rate 5%
$1,001,040
Cap Rate 7%
$715,029
Cap Rate 9%
$556,133
Alternative Uses
Best Use
Multifamily LT 5
$715.0K
$625.7K – $834.2K
NOI $50,052 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$658.8K
$576.4K – $768.6K
NOI $46,115 @ 7.0% cap · market cap 3.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Oakland, CA
Properties on Market for Triplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences comprise a main home, a one-bedroom apartment and a studio; all will be vacant at delivery.
Where is this triplex located?
The property is located at 1160 Powell Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three separate living spaces: an upstairs residence, one‑bedroom apartment and studio; 2,184 square feet of building area on a 0.0689‑acre lot; Built in 1924; two smaller residences have been remodeled
