Duplex with Separate Gas/Electric
For Sale
$1,180,000
Pending
1801 Buena Vista Ave, Alameda, CA 94501
MULTI_FAMILY - Alameda, CA
Property Size2,700 SF
Lot Size0.16 Acres
Days on Market95
Property Features for 1801 Buena Vista Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 9, Bathroom 2, Bedroom 1, Bathroom 10, Bathroom 6, Bathroom 4, Bathroom 1, Bedroom 3, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 2, Bathroom 8, Bedroom 4, Bathroom 7
Exterior features
Back Yard, Front Yard, Side Yard
Fencing
Fenced
Fireplace
1
Subdivision
Central Alameda
Lot features
Corner Lot
Directions
Use GPS. Buena Vista / Union St.
Standard status
Pending
APN
712848
Size
2,700 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1888
Number of units
2
Flooring type
Linoleum, Laminate
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Ringo Liu · License #01106012
(510) 913-1600
Added: May 8
Changed: Aug 3
Last Checked: Aug 10 at 4:06PM
MLS# 41134117
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 features a main home with soaring ceilings, pocket doors, and a formal entry, plus a living room and dining area off the kitchen. The main level includes a full bath, with described potential to add a second bath off the kitchen. A second, lower unit offers 3 bedrooms and 1 bath, along with a spacious living area and a bonus den off the kitchen.
The property includes a 7,100 sq. ft. lot and a 2-car garage located on the rear side with a separate entrance. Double-hung windows are featured in the main home and provide an expansive backyard view. The duplex is supported by separate gas/electric meters.
Built in 1888, the home is wood-sided with a composition roof. Fireplace is included, and the property is served by public water and public sewer. Exterior features include front yard, side yard, and back yard.
The property includes a 7,100 sq. ft. lot and a 2-car garage located on the rear side with a separate entrance. Double-hung windows are featured in the main home and provide an expansive backyard view. The duplex is supported by separate gas/electric meters.
Built in 1888, the home is wood-sided with a composition roof. Fireplace is included, and the property is served by public water and public sewer. Exterior features include front yard, side yard, and back yard.
Key Highlights
- 7,100 sq. ft. lot with front, side, and back yard
- 2‑car rear garage with separate entrance
- Separate gas/electric meters for the duplex
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
$90,626
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
7.68%
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%
$1,812,520
$1.8M
Cap Rate 7%
$1,294,657
$1.3M
Cap Rate 9%
$1,006,956
$1.0M
Market Conditions
NOI Build-Up for 2,700 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
$137.7K $51.00/SF
− Vacancy
−$8.2K −$3.05/SF
EGI
$129.5K $47.95/SF
− OpEx
−$38.8K −$14.39/SF
NOI
$90.6K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,812,520
Cap Rate 7%
$1,294,657
Cap Rate 9%
$1,006,956
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,626 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,112 @ 7.0% cap · market cap 3.31%
Theoretical Best
Retail
$12.31M
$10.77M – $14.36M
NOI $861,642 @ 7.0% cap · market cap 73.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
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?
Duplex - Victorian-era duplex with a 2-car rear garage, separate entrances, and separate gas/electric meters.
Where is this duplex located?
The property is located at 1801 Buena Vista Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 7,100 sq. ft. lot with front, side, and back yard; 2‑car rear garage with separate entrance; Separate gas/electric meters for the duplex
