Vacant Duplex with Private Fenced
New
For Sale
$995,000
1308 Delaware Street, Berkeley, CA 94702
Vacant North Berkeley duplex with refreshed three-bedroom units, indoor-outdoor living, and a spacious private fenced yard.
Property Size2,003 SF
Price / SF$496.75
Days on Market4
Property Features for 1308 Delaware Street
General Information
Standard status
Active
Size
2,003 SF
Total Parking Spaces
2
Property subtype
RESIDENTIAL INCOME / DUPLEX
Building Details
Year Built
1918
Listing Agency:
Kai Real Estate
(510) 459-0471
Listed By:
Jodi Nishimura · License #01762935
(510) 459-0471
Source:
Compass
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 5:59AM
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 Kai Real Estate
Investment Insights
Based on property information with market context.
Vacant North Berkeley duplex with two units that both offer three bedrooms, refreshed interior layouts, and modern updates. The upper unit features high ceilings and original details such as molding and custom built-ins, with expansive windows bringing in abundant natural light. The lower unit includes one and a half bathrooms and an updated kitchen. Both units open to a spacious, private fenced yard, creating true indoor-outdoor flow. Outside, the property includes a landscaped yard with mature fruit trees plus a rear deck and patio area.
The home is located two blocks from North Berkeley BART and nearby public transit. It has an 89 Walkscore and 100 Bikescore, supporting easy car-light commuting. The property also sits close to Ohlone, Cedar-Rose, and Strawberry Creek parks, as well as Berkeley shopping and dining areas.
Built in 1918, the duplex includes two-car off-street parking in the driveway. The Golden Duplex status should be verified by the buyer.
The home is located two blocks from North Berkeley BART and nearby public transit. It has an 89 Walkscore and 100 Bikescore, supporting easy car-light commuting. The property also sits close to Ohlone, Cedar-Rose, and Strawberry Creek parks, as well as Berkeley shopping and dining areas.
Built in 1918, the duplex includes two-car off-street parking in the driveway. The Golden Duplex status should be verified by the buyer.
Key Highlights
- Two blocks to North Berkeley BART plus nearby public transit
- Both units feature three bedrooms with refreshed layouts and modern updates
- Upper unit includes high ceilings and original details like molding and custom built‑ins
Financial Insights For Multifamily LT 5
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 | $68.5k | $34.20 |
| − Vacancy | −$3.6k | −$1.78 |
| EGI | $64.9k | $32.42 |
| − OpEx | −$19.5k | −$9.73 |
| NOI | $45.5k | $22.70 |
2,003 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$649.4K
$568.2K – $757.6K
NOI $45,458 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$568.7K
$497.6K – $663.5K
NOI $39,811 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$774.6K
$677.8K – $903.8K
NOI $54,225 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Explore this area
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
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 North Berkeley duplex with refreshed three-bedroom units, indoor-outdoor living, and a spacious private fenced yard.
Where is this duplex located?
The property is located at 1308 Delaware Street Berkeley, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two blocks to North Berkeley BART plus nearby public transit; Both units feature three bedrooms with refreshed layouts and modern updates; Upper unit includes high ceilings and original details like molding and custom built‑ins
