Duplex with Private
1560 Lincoln Ave, Alameda, CA 94501
For Sale
New
$1,125,000
Two vacant residences provide distinct layouts, with laundry areas in both units and a bonus room in the lower residence.
Property Size1,756 SF
Days on Market4
Property Features for 1560 Lincoln Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
in-unit laundry
landscaped front yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Sophia Niu · License #01949786
(510) 298-1198
Source:
Coastandcore
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:28PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two vacant units. The upper residence has two bedrooms, one bathroom, in-unit laundry, and a private deck. The lower unit offers one bedroom, one bathroom, and a bonus room with workshop and laundry space. Each residence includes a formal dining room and storage. Recent improvements include updated kitchens and bathrooms, newer carpeting, and fresh interior paint.
The property has a landscaped front yard and off-street parking. Park Street, Alameda Beach, Southshore, and Webster Street are nearby. With separate upper and lower living spaces, the building offers a two-unit configuration in Alameda.
The property has a landscaped front yard and off-street parking. Park Street, Alameda Beach, Southshore, and Webster Street are nearby. With separate upper and lower living spaces, the building offers a two-unit configuration in Alameda.
Key Highlights
- Two vacant units: an upper 2‑bedroom, 1‑bath residence and a lower 1‑bedroom, 1‑bath residence
- Private deck and in‑unit laundry in the upper unit
- Lower unit includes a bonus room, workshop area, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,940
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,800
$1.2M
Cap Rate 7%
$842,000
$842.0K
Cap Rate 9%
$654,889
$654.9K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$89.6K $51.00/SF
− Vacancy
−$5.4K −$3.05/SF
EGI
$84.2K $47.95/SF
− OpEx
−$25.3K −$14.39/SF
NOI
$58.9K $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 Rate 5%
$1,178,800
Cap Rate 7%
$842,000
Cap Rate 9%
$654,889
Alternative Uses
Best Use
Multifamily LT 5
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$363.4K
$318.0K – $424.0K
NOI $25,438 @ 7.0% cap · market cap 2.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Alameda County, CA
Properties on Market for Duplexes in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide distinct layouts, with laundry areas in both units and a bonus room in the lower residence.
Where is this duplex located?
The property is located at 1560 Lincoln Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Two vacant units: an upper 2‑bedroom, 1‑bath residence and a lower 1‑bedroom, 1‑bath residence; Private deck and in‑unit laundry in the upper unit; Lower unit includes a bonus room, workshop area, and laundry
