Victorian Duplex with Updated Upper
New
For Sale
$1,700,000
1633 Harmon Street, Berkeley, CA 94703
The 1898 property pairs a renovated upper residence with a first-floor cottage and additional interior space.
Property Size3,214 SF
Days on Market7
Property Features for 1633 Harmon Street
General Information
Standard status
Active
Size
3,214 SF
Property subtype
Duplex
Site & Location
Neighborhood
Lorin
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Building Size
3,214 SF
Year Built
1898
Buildings
1
Construction
Victorian
Listing Agency:
Coldwell Banker Realty
Listed By:
David Sciplin
(408) 647-6326
Source:
Annnewtoncane
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 3:47PM
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 Coldwell Banker Realty
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Investment Insights
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Dating to 1898, this Victorian duplex has a remodeled second-floor residence with three bedrooms, refinished hardwood floors, a modern kitchen, and redesigned laundry and half-bath areas. Electrical service and the panel were updated as part of the renovation. The first floor includes a one-bedroom, one-bath cottage, while approximately 800 square feet of remaining space is currently suited to storage. Any conversion of that area to additional living space would require confirmation with the City of Berkeley.
Key Highlights
- 1898 Victorian duplex
- Remodeled second‑floor unit with 3 bedrooms
- Upper‑level improvements include refinished hardwood floors, a modern kitchen, updated electrical and panel, and redesigned laundry and half‑bath areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,942
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,840
$1.5M
Cap Rate 7%
$1,042,029
$1.0M
Cap Rate 9%
$810,467
$810.5K
Market Conditions
NOI Build-Up for 3,214 SF
Gross rent
$109.9K $34.20/SF
− Vacancy
−$5.7K −$1.78/SF
EGI
$104.2K $32.42/SF
− OpEx
−$31.3K −$9.73/SF
NOI
$72.9K $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%
$1,458,840
Cap Rate 7%
$1,042,029
Cap Rate 9%
$810,467
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$911.8K – $1.22M
NOI $72,942 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$912.6K
$798.5K – $1.06M
NOI $63,881 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,009 @ 7.0% cap · market cap 5.12%
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
1,874
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The 1898 property pairs a renovated upper residence with a first-floor cottage and additional interior space.
Where is this duplex located?
The property is located at 1633 Harmon Street Berkeley, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 1898 Victorian duplex; Remodeled second‑floor unit with 3 bedrooms; Upper‑level improvements include refinished hardwood floors, a modern kitchen, updated electrical and panel, and redesigned laundry and half‑bath areas
