Duplex with Permitted
1623 Russell Street, Berkeley, CA 94703
For Sale
New
$1,799,000
Residential Income, Berkeley, CA
Property Size2,576 SF
Lot Size0.11 Acres
Price / SF$698.37
Days on Market4
Property Features for 1623 Russell Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
in-unit laundry
skylights
spa-inspired bath
oversized deck
expansive garden
high-end finishes
durable flooring
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Radius Agent Realty
(415) 917-1921
Listed By:
Roger Lopez · License #02015346
(510) 672-6513
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 3:06AM
MLS# 41153308
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Berkeley duplex pairs a four-bedroom, four-bathroom main residence with a permitted lower-level ADU offering three bedrooms and three full bathrooms. The main home is vacant, while the ADU is occupied. Renovated interiors include an open living, dining, and kitchen arrangement, skylights, and a primary suite with two closets and deck access. The ADU measures approximately 998 square feet and has separate electrical service. Both residences have in-unit laundry, and off-street parking is available.
Set on a 0.1069-acre parcel, the property has a garden, back and side yards, and an oversized deck. BART and Berkeley schools are noted as accessible from the property; the Walk Score is 88 and the Bike Score is 96. Built in 1945, the building has central heating and central air, stucco exterior, engineered flooring, and public water and sewer.
Set on a 0.1069-acre parcel, the property has a garden, back and side yards, and an oversized deck. BART and Berkeley schools are noted as accessible from the property; the Walk Score is 88 and the Bike Score is 96. Built in 1945, the building has central heating and central air, stucco exterior, engineered flooring, and public water and sewer.
Key Highlights
- Two residences: 4 bedrooms and 4 baths in the main home; 3 bedrooms and 3 full baths in the permitted ADU
- Approximately 998 sq. ft. ADU with separate electrical service
- 0.1069‑acre parcel with oversized deck, garden, back yard, and side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,463
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,260
$1.2M
Cap Rate 7%
$835,186
$835.2K
Cap Rate 9%
$649,589
$649.6K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$88.1K $34.20/SF
− Vacancy
−$4.6K −$1.78/SF
EGI
$83.5K $32.42/SF
− OpEx
−$25.1K −$9.73/SF
NOI
$58.5K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,260
Cap Rate 7%
$835,186
Cap Rate 9%
$649,589
Alternative Uses
Best Use
Multifamily LT 5
$835.2K
$730.8K – $974.4K
NOI $58,463 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$731.4K
$640.0K – $853.3K
NOI $51,200 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$996.2K
$871.7K – $1.16M
NOI $69,737 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,259
Businesses Nearby
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Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Berkeley, CA
Properties on Market for Duplexes in Berkeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences combine owner occupancy and rental potential, with in-unit laundry in each.
Where is this duplex located?
The property is located at 1623 Russell Street Berkeley, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Two residences: 4 bedrooms and 4 baths in the main home; 3 bedrooms and 3 full baths in the permitted ADU; Approximately 998 sq. ft. ADU with separate electrical service; 0.1069‑acre parcel with oversized deck, garden, back yard, and side yard
