Fully Occupied
1723 21St Ave, Oakland, CA 94606
For Sale
$839,000
Residential Income, Oakland, CA
Property Size2,870 SF
Lot Size0.13 Acres
Price / SF$292.33
Days on Market57
Property Features for 1723 21St Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
common yard area
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Justin Paek
(510) 409-0735
Added: Sep 11
Changed: Oct 27
Last Checked: Nov 6 at 9:06PM
MLS# 41147997
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.
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Investment Insights
Based on property information with market context.
This 2,870-square-foot triplex, built in 1943, contains two three-bedroom, one-bath units and one one-bedroom, one-bath unit. The property is fully occupied, with maintained interiors featuring hardwood, carpet, and vinyl flooring. A corner-lot layout includes a shared interior yard and detached garage space, while off-street open parking provides additional convenience.
Each unit has separate metering, including individual water meters. The property is served by public water and public sewer, with natural-gas wall furnaces, wood siding, and a composition roof. Located in Oakland’s San Antonio neighborhood, it is near Lake Merritt and Downtown Oakland, with nearby BART service and access to I-880.
Each unit has separate metering, including individual water meters. The property is served by public water and public sewer, with natural-gas wall furnaces, wood siding, and a composition roof. Located in Oakland’s San Antonio neighborhood, it is near Lake Merritt and Downtown Oakland, with nearby BART service and access to I-880.
Key Highlights
- Fully occupied triplex with 2,870 square feet
- Unit mix includes two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 0.134‑acre corner lot with shared interior yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,694
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,880
$1.2M
Cap Rate 7%
$881,343
$881.3K
Cap Rate 9%
$685,489
$685.5K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$93.0K $32.40/SF
− Vacancy
−$4.9K −$1.69/SF
EGI
$88.1K $30.71/SF
− OpEx
−$26.4K −$9.21/SF
NOI
$61.7K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,880
Cap Rate 7%
$881,343
Cap Rate 9%
$685,489
Alternative Uses
Best Use
Multifamily LT 5
$881.3K
$771.2K – $1.03M
NOI $61,694 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$805.5K
$704.8K – $939.8K
NOI $56,386 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,517 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Oakland, CA
Properties on Market for Triplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a detached garage, shared yard, and separately metered utilities.
Where is this triplex located?
The property is located at 1723 21St Ave Oakland, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Fully occupied triplex with 2,870 square feet; Unit mix includes two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 0.134‑acre corner lot with shared interior yard
