Updated Multi-Unit Asset in
For Sale
$1,450,000
1201 Dwight Way, Berkeley, CA 94702
Well-maintained multi-unit property in desirable West Berkeley location.
Property Size2,629 SF
Price / SF$551.54
Days on Market500
Property Features for 1201 Dwight Way
General Information
Standard status
Active
Size
2,629 SF
Building Details
Year Built
1945
Listing Agency:
COMPASS
Listed By:
WILLEM BOS
Source:
Corcoran
Added: Jun 9, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 COMPASS
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Investment Insights
Based on property information with market context.
Located in West Berkeley's Poet's Corner, this multi-unit property at 1201 Dwight Way features a 4-plex and a cottage. The front 4-plex includes updated 1-bed/1-bath units equipped with in-unit laundry, dual-pane windows, upgraded systems, and a newer roof and staircase. The rear cottage offers 2-bed/2-bath, hardwood floors, beam ceilings, a fireplace, and a private patio. All units are separately metered for gas and electric. The cottage tenant covers water and trash. The property is situated on a corner lot and offers proximity to Berkeley Bowl West, San Pablo Ave, I-580, and public transit. The property size is 2629 square feet.
Key Highlights
- Turnkey multi‑unit property in the highly desirable Poet's Corner neighborhood of West Berkeley.
- Front 4‑plex features updated 1‑bed/1‑bath units with in‑unit laundry and dual‑pane windows.
- Charming rear 2‑bed/2‑bath cottage with hardwood floors, beam ceilings, fireplace, and private patio.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,254
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,080
$1.0M
Cap Rate 7%
$746,486
$746.5K
Cap Rate 9%
$580,600
$580.6K
Market Conditions
NOI Build-Up for 2,629 SF
Gross rent
$100.0K $38.04/SF
− Vacancy
−$5.0K −$1.90/SF
EGI
$95.0K $36.14/SF
− OpEx
−$42.8K −$16.26/SF
NOI
$52.3K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,080
Cap Rate 7%
$746,486
Cap Rate 9%
$580,600
Alternative Uses
Best Use
Apartment 5plus
$746.5K
$653.2K – $870.9K
NOI $52,254 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.02M
$889.7K – $1.19M
NOI $71,172 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
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Business Placement
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multi-unit property in desirable West Berkeley location.
Where is this apartment building located?
The property is located at 1201 Dwight Way Berkeley, 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: Turnkey multi‑unit property in the highly desirable Poet's Corner neighborhood of West Berkeley.; Front 4‑plex features updated 1‑bed/1‑bath units with in‑unit laundry and dual‑pane windows.; Charming rear 2‑bed/2‑bath cottage with hardwood floors, beam ceilings, fireplace, and private patio.
