Side-by-Side Duplex with
New
For Sale
$699,000
1717 9TH ST, Oakland, CA 94607
Two attached residences offer separate renovation plans, basement space, and preserved period character.
Property Size1,856 SF
Lot Size0.15 Acres
Price / SF$376.62
Days on Market5
Property Features for 1717 9TH ST
General Information
Standard status
Active
Size
1,856 SF
Lot size
0.15 Acres
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
in need of some loving care
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1886
Buildings
2
Units
2
Listing Agency:
TCGOB, Inc
Listed By:
David Gunderman · License #01313613
(510) 205-4369
Source:
Elliman
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 22 at 6:39PM
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 TCGOB, Inc
Investment Insights
Based on property information with market context.
This duplex property comprises two side-by-side homes at 1717 and 1721 9th Street, with 1,856 sq ft combined on a 6,750 sq ft lot. Both residences include basements, while the interiors present different renovation starting points: one retains high ceilings and period architectural details, and the other is opened to the studs for floor-plan reconfiguration. Foundation and roof improvements have already been completed, along with additional upgrades.
The property is in Oakland’s Prescott neighborhood, near West Oakland BART station, Prescott Market, Raimondi Park, and Downtown Oakland. Walk Score is 83, Bike Score is 98, and Transit Score is 57. Built in 1886, the duplex offers a historic residential framework with substantial renovation work remaining.
The property is in Oakland’s Prescott neighborhood, near West Oakland BART station, Prescott Market, Raimondi Park, and Downtown Oakland. Walk Score is 83, Bike Score is 98, and Transit Score is 57. Built in 1886, the duplex offers a historic residential framework with substantial renovation work remaining.
Key Highlights
- Two side‑by‑side homes totaling 1856 sq ft
- 6,750 sq ft lot with two residential structures
- Basements are present in both homes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,700
$850.7K
Cap Rate 7%
$607,643
$607.6K
Cap Rate 9%
$472,611
$472.6K
Market Conditions
NOI Build-Up for 1,856 SF
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.
Gross rent
$63.5K $34.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$60.8K $32.74/SF
− OpEx
−$18.2K −$9.82/SF
NOI
$42.5K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,700
Cap Rate 7%
$607,643
Cap Rate 9%
$472,611
Alternative Uses
Best Use
Multifamily LT 5
$607.6K
$531.7K – $708.9K
NOI $42,535 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$559.9K
$489.9K – $653.2K
NOI $39,190 @ 7.0% cap · market cap 5.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer separate renovation plans, basement space, and preserved period character.
Where is this duplex located?
The property is located at 1717 9TH ST Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two side‑by‑side homes totaling 1856 sq ft; 6,750 sq ft lot with two residential structures; Basements are present in both homes
