Updated Multi-Unit Asset in
1201 Dwight Way Berkeley, CA 94702
1201 Dwight Way, Berkeley, CA, 94702
$1,450,000
For Sale
$1,450,000
Well-maintained multi-unit property in desirable West Berkeley location.
Property Size2,629 SF
Price / SF$551.54
Days on Market408
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 Updated: Mar 16 at 9:09AM 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
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.
Local Financial Insights For Apartment 5plus
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 | $100.0k | $38.04 |
| − Vacancy | −$5.0k | −$1.90 |
| EGI | $95.0k | $36.14 |
| − OpEx | −$42.8k | −$16.26 |
| NOI | $52.3k | $19.88 |
2,629 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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.
