Triplex with Off-Street
1817 EVERETT ST Alameda, CA 94501
For Sale
Contact for pricing
Fully occupied triplex with separately metered utilities, private outdoor space, and off-street parking for four vehicles.
Property Size3,019 SF
Price / SF$397.48
Days on Market56
Property Features for 1817 EVERETT ST
General Information
- Standard status
- Active
- Size
- 3,019 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1880
Listing Agency:
Kite Hill Real Estate
(415) 795-2797
Listed By:
Jatin Mehta · License #02045713
Source:
Crexi
Added: May 29
Changed: Jul 23
Last Checked: Jul 23 at 7:51AM
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 Kite Hill Real Estate
Investment Insights
Based on property information with market context.
This pride-of-ownership triplex offers a stable, long-term residential income setup with three separately metered units and a fully occupied status. The unit mix includes two spacious 3-bedroom units and one 2+ bedroom, 3-bath multi-level unit, with well-designed layouts averaging approximately 1,000 square feet. Residents benefit from private outdoor space at each unit, including dedicated backyards or gardens, with an especially deep yard for Unit 1817. Laundry options include a shared laundry room plus in-unit laundry for one of the units. Off-street parking is available for four vehicles.
The property was first listed in roughly 30 years and is professionally managed, with long-term ownership dating back to 1997. Recent updates include approximately $35,000 invested into Unit 1815 with new flooring, cabinetry, countertops, and appliances.
Conveniently located just off Park Street, the area provides nearby retail and dining, with commuter access via the Park Street Bridge.
The property was first listed in roughly 30 years and is professionally managed, with long-term ownership dating back to 1997. Recent updates include approximately $35,000 invested into Unit 1815 with new flooring, cabinetry, countertops, and appliances.
Conveniently located just off Park Street, the area provides nearby retail and dining, with commuter access via the Park Street Bridge.
Key Highlights
- Fully occupied triplex with over $9,000/month in monthly income and stable tenancy
- Unit mix includes two 3‑bedroom units and one 2+ bedroom, 3‑bath multi‑level unit
- Separately metered utilities with tenants paying their own utilities, helping reduce landlord expenses
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.0k | $51.00 |
| − Vacancy | −$9.2k | −$3.05 |
| EGI | $144.8k | $47.95 |
| − OpEx | −$43.4k | −$14.39 |
| NOI | $101.3k | $33.57 |
3,019 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,333 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 3.64%
Theoretical Best
Retail
$13.76M
$12.04M – $16.06M
NOI $963,443 @ 7.0% cap · market cap 80.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully occupied triplex with separately metered utilities, private outdoor space, and off-street parking for four vehicles.
Where is this triplex located?
The property is located at 1817 EVERETT ST Alameda, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully occupied triplex with over $9,000/month in monthly income and stable tenancy; Unit mix includes two 3‑bedroom units and one 2+ bedroom, 3‑bath multi‑level unit; Separately metered utilities with tenants paying their own utilities, helping reduce landlord expenses
