7-Unit Apartment
For Sale
$2,768,000
1728 7th ST, Berkeley, CA 94710
Residential Income, Berkeley, CA
Property Size4,512 SF
Lot Size0.14 Acres
Price / SF$613.48
Days on Market92
Property Features for 1728 7th ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport, Off Street
Security features
Security
Appliances
Tankless Water Heater
Subdivision
Not Listed
Lot features
Irregular Lot
Standard status
Active
APN
58211913
Size
4,512 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1963
Flooring type
Carpet, Hardwood
Building materials
Stucco, Frame
Listing Agency:
HOMECOIN.COM
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 4 at 5:06PM
MLS# 41137337
Copyright © 2026 bridgeMLS. 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 4,512-square-foot apartment property contains seven units: five two-bedroom residences and two one-bedroom residences. Built in 1963, the building features stucco and frame construction, carpet and hardwood flooring, wall furnaces, a tankless water heater, public water, and public sewer. Parking includes a carport and off-street spaces.
Recent property improvements include a new electric main, roof, gated automatic entry, tile work, driveway, and exterior paint. Five units have received interior updates, including new flooring, double-pane windows, and recessed lighting.
The property is located in Berkeley near I-80, Fourth Street shopping, the Berkeley Marina, BART, and UC Berkeley.
Recent property improvements include a new electric main, roof, gated automatic entry, tile work, driveway, and exterior paint. Five units have received interior updates, including new flooring, double-pane windows, and recessed lighting.
The property is located in Berkeley near I-80, Fourth Street shopping, the Berkeley Marina, BART, and UC Berkeley.
Key Highlights
- Seven units: 5 two‑bedrooms and 2 one‑bedrooms
- 4,512 square feet on a 0.1377‑acre lot
- Five units upgraded with flooring, double‑pane windows, and recessed lighting
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
$89,680
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
3.24%
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%
$1,793,600
$1.8M
Cap Rate 7%
$1,281,143
$1.3M
Cap Rate 9%
$996,444
$996.4K
Market Conditions
NOI Build-Up for 4,512 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
$171.6K $38.04/SF
− Vacancy
−$8.6K −$1.90/SF
EGI
$163.1K $36.14/SF
− OpEx
−$73.4K −$16.26/SF
NOI
$89.7K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
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%
$1,793,600
Cap Rate 7%
$1,281,143
Cap Rate 9%
$996,444
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,680 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.04M
NOI $122,149 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 94710, CA
9,552
Population
4,105
Households
2.3
Avg Household Size
38
Median Age
65%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
4,342
Density / Sq Mi
$118,007
Median Household Income
$67,117
Median Earnings
$2,546
Median Rent
$1,084,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit multifamily property with recent exterior improvements and upgraded interiors in a transit-accessible Berkeley setting.
Where is this apartment building located?
The property is located at 1728 7th ST Berkeley, CA.
What is the asking price?
The asking price for this property is $2,768,000.
What are key features of this property?
This property features: Seven units: 5 two‑bedrooms and 2 one‑bedrooms; 4,512 square feet on a 0.1377‑acre lot; Five units upgraded with flooring, double‑pane windows, and recessed lighting
