Updated Duplex with Yard
For Sale
$799,000
Pending
1285 55Th St, Emeryville, CA 94608
Residential Income, Emeryville, CA
Property Size2,081 SF
Lot Size0.12 Acres
Days on Market51
Property Features for 1285 55Th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Parking
3
Parking features
Parking Lot, Carport, Covered, Off Street
Interior features
Storage Area(s)
Exterior features
Front Yard, Garden/Play, Side Yard, Storage, Landscape Front, Yard Space, Garden
Fencing
Fenced, Partial
Accessibility
Accessible Approach with Ramp
Appliances
Dryer, Gas Water Heater
Subdivision
EMERYVILLE
Lot features
Rectangular Lot, Front Yard, Garden, Landscaped
Special listing conditions
Probate Listing
Standard status
Pending
APN
491184152
Size
2,081 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Wall Furnace
Water source
Public
Building Details
Year built
1916
Flooring type
Vinyl, Engineered, Tile, Hardwood, Carpet
Building materials
Siding - Stucco, Wood, Fiber Cement, Glass
Additional Structures
Storage
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Michael Stephens · License #01186416
(510) 816-9693
Added: Jul 28
Changed: Sep 16
Last Checked: Sep 16 at 11:06AM
MLS# 41143096
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,081 square feet on a 0.1217-acre lot and was built in 1916. Recent interior work includes fresh paint, refinished hardwood floors, and new carpeting, while original wood paneling remains part of the interior character. The property also offers storage areas, yard space, a front garden, side yard, fencing, and an accessible approach with ramp. Covered and off-street parking are available through a carport and parking lot configuration.
The property is near the shopping and dining options at Bay Street and the Emeryville Public Market. Major freeways and BART are also nearby, with access toward San Francisco and the East Bay. Public water and public sewer serve the property.
The property is near the shopping and dining options at Bay Street and the Emeryville Public Market. Major freeways and BART are also nearby, with access toward San Francisco and the East Bay. Public water and public sewer serve the property.
Key Highlights
- Duplex with 2,081 square feet of building area
- 0.1217‑acre lot with front garden, side yard, and additional yard space
- Built in 1916 with original wood paneling
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
$69,849
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
8.74%
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%
$1,396,980
$1.4M
Cap Rate 7%
$997,843
$997.8K
Cap Rate 9%
$776,100
$776.1K
Market Conditions
NOI Build-Up for 2,081 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
$106.1K $51.00/SF
− Vacancy
−$6.3K −$3.05/SF
EGI
$99.8K $47.95/SF
− OpEx
−$29.9K −$14.39/SF
NOI
$69.8K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,396,980
Cap Rate 7%
$997,843
Cap Rate 9%
$776,100
Alternative Uses
Best Use
Multifamily LT 5
$997.8K
$873.1K – $1.16M
NOI $69,849 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$430.7K
$376.8K – $502.4K
NOI $30,146 @ 7.0% cap · market cap 3.77%
Theoretical Best
Retail
$9.49M
$8.30M – $11.07M
NOI $664,102 @ 7.0% cap · market cap 83.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,964
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, original wood detailing, outdoor areas, and covered off-street parking.
Where is this duplex located?
The property is located at 1285 55Th St Emeryville, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex with 2,081 square feet of building area; 0.1217‑acre lot with front garden, side yard, and additional yard space; Built in 1916 with original wood paneling
