Renovated Victorian
For Sale
$768,000
1221 Campbell, Oakland, CA 94607
Vacant two-unit property with updated kitchens, in-unit laundry, and convenient transit access.
Property Size2,372 SF
Days on Market20
Property Features for 1221 Campbell
General Information
Standard status
Active
Size
2,372 SF
Property subtype
Duplex
Building Details
Building Size
2,372 SF
Year Built
1895
Listing Agency:
Shamrock, REALTORS
Listed By:
Roseann Galvan
(510) 290-0701
Source:
Coastandcore
Added: Aug 20
Changed: Sep 5
Last Checked: Sep 7 at 9:01AM
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 Shamrock, REALTORS
Investment Insights
Based on property information with market context.
Built in 1895, this vacant duplex contains two residences totaling approximately 2,372 square feet. The property retains Victorian-era character while incorporating refreshed interiors, including new paint, carpeting, fixtures, and upgraded kitchens. Each unit has its own full-size laundry, and both residences are currently configured with two bedrooms and receive abundant natural light.
The property is located on Campbell Street in West Oakland, with BART within walking distance and regional connections available through I-880 and I-80. The separate unit layout supports a range of occupancy and leasing arrangements, subject to applicable codes and permitting.
The property is located on Campbell Street in West Oakland, with BART within walking distance and regional connections available through I-880 and I-80. The separate unit layout supports a range of occupancy and leasing arrangements, subject to applicable codes and permitting.
Key Highlights
- Two‑unit duplex totaling approximately 2,372 square feet
- Built in 1895 with Victorian architectural character
- Both residences are vacant and currently configured as two‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,361
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,087,220
$1.1M
Cap Rate 7%
$776,586
$776.6K
Cap Rate 9%
$604,011
$604.0K
Market Conditions
NOI Build-Up for 2,372 SF
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.
Gross rent
$81.1K $34.20/SF
− Vacancy
−$3.5K −$1.46/SF
EGI
$77.7K $32.74/SF
− OpEx
−$23.3K −$9.82/SF
NOI
$54.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,087,220
Cap Rate 7%
$776,586
Cap Rate 9%
$604,011
Alternative Uses
Best Use
Multifamily LT 5
$776.6K
$679.5K – $906.0K
NOI $54,361 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$715.5K
$626.1K – $834.8K
NOI $50,085 @ 7.0% cap · market cap 6.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with updated kitchens, in-unit laundry, and convenient transit access.
Where is this duplex located?
The property is located at 1221 Campbell Oakland, CA.
What is the asking price?
The asking price for this property is $768,000.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 2,372 square feet; Built in 1895 with Victorian architectural character; Both residences are vacant and currently configured as two‑bedroom units
