3-Unit Residential
New
For Sale
$1,498,000
1915 Berryman St, Berkeley, CA 94709
Residential Income, Berkeley, CA
Property Size1,972 SF
Lot Size0.24 Acres
Price / SF$759.63
Days on Market2
Property Features for 1915 Berryman St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Basement
Parking features
Off Street
Window features
Window Coverings
Interior features
Storage
Exterior features
Front Yard, Side Yard, Garden
Fencing
Fenced
Appliances
Dryer, Washer
Subdivision
NORTH BERKELEY
Lot features
Corner Lot, Level
Standard status
Active
APN
60244913
Size
1,972 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Gravity
Water source
Public
Building Details
Year built
1900
Flooring type
Carpet, Hardwood, Laminate
Building materials
Composition Shingles
Additional Structures
Storage
Listing Agency:
The GRUBB Company
(510) 339-0400
Listed By:
Sheila Sabine · License #01028547
(510) 326-5055
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 4:06AM
MLS# 41151519
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.
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Investment Insights
Based on property information with market context.
The triplex contains three residences within 1,972 square feet on a 0.24-acre corner parcel. Built in 1900, the property includes storage, a basement, hardwood, laminate and carpet flooring, and washer and dryer appliances. Separate utility metering is in place, and the grounds include front and side yards and a garden. Off-street parking is available.
A prior ZAB approval covered a proposed 11-residence development designed by Gunkel Architecture. That historical approval is a reference point for the property; the site is currently configured as a three-unit residential property.
A prior ZAB approval covered a proposed 11-residence development designed by Gunkel Architecture. That historical approval is a reference point for the property; the site is currently configured as a three-unit residential property.
Key Highlights
- Three‑unit property with 1,972 square feet of building area
- 0.24‑acre corner parcel in Berkeley
- Previously ZAB approved for an 11‑residence plan by Gunkel Architecture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,755
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,100
$895.1K
Cap Rate 7%
$639,357
$639.4K
Cap Rate 9%
$497,278
$497.3K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$67.4K $34.20/SF
− Vacancy
−$3.5K −$1.78/SF
EGI
$63.9K $32.42/SF
− OpEx
−$19.2K −$9.73/SF
NOI
$44.8K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,100
Cap Rate 7%
$639,357
Cap Rate 9%
$497,278
Alternative Uses
Best Use
Multifamily LT 5
$639.4K
$559.4K – $745.9K
NOI $44,755 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$559.9K
$489.9K – $653.3K
NOI $39,195 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$762.7K
$667.3K – $889.8K
NOI $53,386 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,979
Businesses Nearby
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility meters serve the three residences, with off-street parking and a fenced garden area.
Where is this triplex located?
The property is located at 1915 Berryman St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Three‑unit property with 1,972 square feet of building area; 0.24‑acre corner parcel in Berkeley; Previously ZAB approved for an 11‑residence plan by Gunkel Architecture
