Duplex with In-Unit
1601 Dwight Way Berkeley, CA 94703
1601 Dwight Way, Berkeley, CA, 94703
$1,295,000
For Sale
$1,295,000
Two-bedroom-by-bedroom duplex layout includes a vacant 3-bedroom unit and a separately occupied 1-bedroom unit with month-to-month tenancy.
Property Size1,877 SF
Price / SF$689.93
Days on Market20
Property Features for 1601 Dwight Way
General Information
- Standard status
- Active
- Size
- 1,877 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1949
Listing agency
Suburban Homes Realty
(510) 375-4791
Listed by
Lisa Jones · License #01329774
(510) 375-4791
Source
Exitrealty
Added: Jul 2 Updated: Jul 21 at 12:11AM Checked: Jul 21 at 5:30AM
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 Suburban Homes Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers owner-occupant flexibility with two separate units. One unit is vacant and features three bedrooms and one bathroom, with abundant natural light, hardwood floors, an inviting living room with a fireplace, an updated kitchen with stainless steel appliances, a refreshed bathroom, spacious bedrooms, in-unit laundry, and a partially finished basement that can support a home office, gym, workshop, studio, or additional storage (buyer to verify permitted uses). The second unit is separately occupied with one bedroom and one bathroom under a month-to-month tenancy, providing immediate rental income.
Outside, the property includes professionally landscaped grounds with low-maintenance paver patios and private outdoor spaces. The duplex is situated in Berkeley with convenient access to UC Berkeley, North Berkeley BART, Fourth Street shopping, the Gilman District, neighborhood cafés and restaurants, parks, and major commuter routes.
Each unit includes in-unit laundry, and both homes are designed for comfortable day-to-day living with dedicated private space.
Outside, the property includes professionally landscaped grounds with low-maintenance paver patios and private outdoor spaces. The duplex is situated in Berkeley with convenient access to UC Berkeley, North Berkeley BART, Fourth Street shopping, the Gilman District, neighborhood cafés and restaurants, parks, and major commuter routes.
Each unit includes in-unit laundry, and both homes are designed for comfortable day-to-day living with dedicated private space.
Key Highlights
- 1949 duplex with one vacant 3‑bedroom, 1‑bath unit and a separately occupied 1‑bedroom, 1‑bath unit on month‑to‑month tenancy
- Vacant owner’s unit ready for immediate occupancy with abundant natural light and hardwood floors
- Updated kitchen in the vacant unit includes stainless steel appliances; refreshed bathroom
Local 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 | $64.2k | $34.20 |
| − Vacancy | −$3.3k | −$1.78 |
| EGI | $60.9k | $32.42 |
| − OpEx | −$18.3k | −$9.73 |
| NOI | $42.6k | $22.70 |
1,877 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$608.6K
$532.5K – $710.0K
NOI $42,599 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$533.0K
$466.3K – $621.8K
NOI $37,307 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$725.9K
$635.2K – $846.9K
NOI $50,814 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-bedroom-by-bedroom duplex layout includes a vacant 3-bedroom unit and a separately occupied 1-bedroom unit with month-to-month tenancy.
Where is this duplex located?
The property is located at 1601 Dwight Way Berkeley, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1949 duplex with one vacant 3‑bedroom, 1‑bath unit and a separately occupied 1‑bedroom, 1‑bath unit on month‑to‑month tenancy; Vacant owner’s unit ready for immediate occupancy with abundant natural light and hardwood floors; Updated kitchen in the vacant unit includes stainless steel appliances; refreshed bathroom
