Duplex with Hardwood
For Sale
$765,000
3537 Kempton Way, Oakland, CA 94611
Two-level income property with fireplaces, basement storage, garage parking, and access to neighborhood retail and transit.
Property Size2,992 SF
Price / SF$255.68
Days on Market594
Property Features for 3537 Kempton Way
General Information
Standard status
Active
Size
2,992 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Harrison Street
Additional Details
Multifamily Units
2
Amenities
hardwood floors
fireplace
basement
garage
Building Details
Year Built
1902
Listing Agency:
Corcoran Icon Properties
(510) 428-0900
Listed By:
Phillip L. Fair · License #00770636
(510) 719-6406
Source:
Exitrealty
Added: Mar 14, 2025
Changed: Oct 25
Last Checked: Sep 29 at 6:08AM
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 Corcoran Icon Properties
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Investment Insights
Based on property information with market context.
Built in 1902, this 2,992-square-foot duplex includes an upstairs residence with hardwood flooring and views toward the Oakland Hills. The lower unit also features hardwood floors, along with a large-mantle fireplace, attached basement, and garage. Together, the two-level configuration provides distinct living areas with character details and functional storage space.
The property is positioned on a quiet street near transportation and Piedmont Avenue. Its setting is within reach of cafes, restaurants, shops, Kaiser, and other businesses, with a WalkScore of 81. The combination of separate units, period character, basement space, and garage access creates a well-defined residential income property profile.
The property is positioned on a quiet street near transportation and Piedmont Avenue. Its setting is within reach of cafes, restaurants, shops, Kaiser, and other businesses, with a WalkScore of 81. The combination of separate units, period character, basement space, and garage access creates a well-defined residential income property profile.
Key Highlights
- 2,992 SF duplex built in 1902
- Upstairs unit with hardwood floors and Oakland Hills views
- Lower unit includes hardwood floors and a large‑mantle fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,204
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,080
$1.1M
Cap Rate 7%
$788,629
$788.6K
Cap Rate 9%
$613,378
$613.4K
Market Conditions
NOI Build-Up for 2,992 SF
Gross rent
$82.6K $27.60/SF
− Vacancy
−$3.7K −$1.24/SF
EGI
$78.9K $26.36/SF
− OpEx
−$23.7K −$7.91/SF
NOI
$55.2K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,080
Cap Rate 7%
$788,629
Cap Rate 9%
$613,378
Alternative Uses
Best Use
Multifamily LT 5
$788.6K
$690.1K – $920.1K
NOI $55,204 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$729.7K
$638.5K – $851.3K
NOI $51,078 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,228 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,619
Businesses Nearby
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Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level income property with fireplaces, basement storage, garage parking, and access to neighborhood retail and transit.
Where is this duplex located?
The property is located at 3537 Kempton Way Oakland, CA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 2,992 SF duplex built in 1902; Upstairs unit with hardwood floors and Oakland Hills views; Lower unit includes hardwood floors and a large‑mantle fireplace
