Side-by-Side Duplex
New
For Sale
$699,000
1717 9TH ST, Oakland, CA 94607
Residential Income, Oakland, CA
Property Size1,856 SF
Lot Size0.16 Acres
Price / SF$376.62
Days on Market5
Property Features for 1717 9TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Garage
Exterior features
Back Yard, Side Yard, Garden
Fencing
Fenced
Subdivision
West Oakland
Lot features
2 Houses / 1 Lot, Level, Rectangular Lot
Directions
Wood Street to 9th Street.
Standard status
Active
APN
6217
Size
1,856 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1886
Number of units
2
Flooring type
Wood
Building materials
Frame, Wood Siding
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
David Gunderman · License #01313613
(510) 205-4369
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 2:06PM
MLS# 41148691
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property comprises two adjacent homes totaling 1,856 square feet on a 0.155-acre lot. Built in 1886, the residences feature wood-frame construction, wood siding, wood flooring, high ceilings, period architectural details, fenced outdoor areas, and separate garages and off-street parking. One home requires renovation, while the other is down to the studs for floor-plan reconfiguration. Foundation and roof work, along with other upgrades, have been completed.
Both homes include large basements that may accommodate additional finished area. The property is served by public water and public sewer, and the site includes back and side yards with garden areas. It is located in West Oakland’s Prescott neighborhood, near the West Oakland BART station, Prescott Market, Raimondi Park, and Downtown Oakland.
Both homes include large basements that may accommodate additional finished area. The property is served by public water and public sewer, and the site includes back and side yards with garden areas. It is located in West Oakland’s Prescott neighborhood, near the West Oakland BART station, Prescott Market, Raimondi Park, and Downtown Oakland.
Key Highlights
- Two adjacent homes totaling 1,856 square feet
- 0.155‑acre lot with back yard, side yard, garden areas, and fencing
- One residence requires renovation; the other is down to the studs
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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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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Cap Rate, Value Estimation, Potential NOI and more
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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 adjacent residences offer a renovation project with basements, garages, and public utilities.
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 adjacent homes totaling 1,856 square feet; 0.155‑acre lot with back yard, side yard, garden areas, and fencing; One residence requires renovation; the other is down to the studs
