Two-Unit Duplex with
For Sale
$999,000
Pending
1324 Fitzgerald St, Oakland, CA 94608
Both residences are vacant, with a separate detached structure and shared laundry on site.
Property Size2,694 SF
Days on Market50
Property Features for 1324 Fitzgerald St
General Information
Standard status
Pending
Size
2,694 SF
Property subtype
Duplex
Zoning
HBX-2
Site & Location
Neighborhood
North Oakland
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
sauna
outdoor shower
detached bonus structure
shared laundry
off-street parking
outdoor dining and lounge areas
gardens
Building Details
Year Built
1915
Buildings
2
Listing Agency:
JPN Realty
Listed By:
Javier Padilla
Source:
Jpnrealty
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
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 JPN Realty
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Investment Insights
Based on property information with market context.
Built in 1915, this vacant duplex contains two 3-bedroom, 2-bath residences within 2,694 square feet. The upper unit has an open kitchen, dining and living area, while the lower unit includes a front bedroom with direct patio access. An unfinished attic above the upper residence and shared laundry and storage areas add to the property’s existing configuration.
Outdoor features include gated off-street parking, gardens, dining and lounge areas, an outdoor shower, and a Finnish-inspired sauna with an adjoining room. A detached structure at the rear has a kitchen, bathroom and private deck.
The property is in West Oakland, with West Oakland BART and the Bay Bridge among the stated transportation connections. Neighborhood parks, a community garden across the street, Prescott Market, dining and shopping are also nearby. Emeryville is two blocks away.
Outdoor features include gated off-street parking, gardens, dining and lounge areas, an outdoor shower, and a Finnish-inspired sauna with an adjoining room. A detached structure at the rear has a kitchen, bathroom and private deck.
The property is in West Oakland, with West Oakland BART and the Bay Bridge among the stated transportation connections. Neighborhood parks, a community garden across the street, Prescott Market, dining and shopping are also nearby. Emeryville is two blocks away.
Key Highlights
- Vacant duplex with two 3‑bedroom, 2‑bath residences
- 2,694 square feet; built in 1915
- Unfinished attic above the upper residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,740
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,800
$1.2M
Cap Rate 7%
$882,000
$882.0K
Cap Rate 9%
$686,000
$686.0K
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$92.1K $34.20/SF
− Vacancy
−$3.9K −$1.46/SF
EGI
$88.2K $32.74/SF
− OpEx
−$26.5K −$9.82/SF
NOI
$61.7K $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 Rate 5%
$1,234,800
Cap Rate 7%
$882,000
Cap Rate 9%
$686,000
Alternative Uses
Best Use
Multifamily LT 5
$882.0K
$771.8K – $1.03M
NOI $61,740 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$812.6K
$711.1K – $948.1K
NOI $56,884 @ 7.0% cap · market cap 5.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,888
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with a separate detached structure and shared laundry on site.
Where is this duplex located?
The property is located at 1324 Fitzgerald St Oakland, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Vacant duplex with two 3‑bedroom, 2‑bath residences; 2,694 square feet; built in 1915; Unfinished attic above the upper residence
