Renovated Duplex with Fenced
For Sale
$575,000
1821 74Th Ave, Oakland, CA 94621
Residential Income, Oakland, CA
Property Size928 SF
Lot Size0.12 Acres
Price / SF$619.61
Days on Market226
Property Features for 1821 74Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Parking features
Parking Lot
Interior features
Updated Baths, Updated Kitchen, Storage
Exterior features
Back Yard
Subdivision
EAST OAKLAND
Standard status
Active
APN
4033173
Size
928 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
updated kitchens
washer and dryer hook-up
private entrances
divided fenced yards
Building Details
Year built
1938
Flooring type
Hardwood, Tile, Vinyl
Building materials
Stucco
Additional Structures
Storage
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Eloise Middleton · License #01471277
(510) 386-0547
Added: Jan 20
Changed: Aug 19
Last Checked: Sep 3 at 9:06AM
MLS# 41121426
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 renovated duplex contains 928 square feet and was built in 1938. Both units are tenant-occupied and offer updated kitchens, updated baths, washer and dryer hookups, private entrances, storage, and access to divided fenced yards. Interior finishes include hardwood, tile, and vinyl flooring, with electric heating. The property also includes a parking lot and stucco construction.
The 5,370-square-foot lot is served by public water and public sewer. Located at 1821 74th Ave in Oakland, the property is near BART, public transit, shopping, and freeway access. The lot has been identified as having potential for additional units, subject to buyer verification.
The 5,370-square-foot lot is served by public water and public sewer. Located at 1821 74th Ave in Oakland, the property is near BART, public transit, shopping, and freeway access. The lot has been identified as having potential for additional units, subject to buyer verification.
Key Highlights
- Renovated duplex with 928 square feet and two tenant‑occupied units
- 5,370‑square‑foot lot with potential for additional units; buyer to verify
- Updated kitchens and baths, storage, and washer and dryer hookups
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
$21,268
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
3.70%
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%
$425,360
$425.4K
Cap Rate 7%
$303,829
$303.8K
Cap Rate 9%
$236,311
$236.3K
Market Conditions
NOI Build-Up for 928 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
$31.7K $34.20/SF
− Vacancy
−$1.4K −$1.46/SF
EGI
$30.4K $32.74/SF
− OpEx
−$9.1K −$9.82/SF
NOI
$21.3K $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%
$425,360
Cap Rate 7%
$303,829
Cap Rate 9%
$236,311
Alternative Uses
Best Use
Multifamily LT 5
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$279.9K
$244.9K – $326.6K
NOI $19,595 @ 7.0% cap · market cap 3.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
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 - Both residences are occupied and include updated kitchens, private entrances, and washer and dryer hookups.
Where is this duplex located?
The property is located at 1821 74Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Renovated duplex with 928 square feet and two tenant‑occupied units; 5,370‑square‑foot lot with potential for additional units; buyer to verify; Updated kitchens and baths, storage, and washer and dryer hookups
