Duplex with Detached
For Sale
Under Contract
$1,165,000
2057 Emerson St, Berkeley, CA 94703
Residential Income, Berkeley, CA
Property Size2,359 SF
Lot Size0.12 Acres
Price / SF$493.85
Days on Market1483
Property Features for 2057 Emerson St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bonus Room, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Parking
2
Parking features
Driveway, Covered
Directions
North of Essex, South of Ashby, E Of Adeline, West of Shattuck.
Subdivision
Out of Area
Standard status
Active Under Contract
APN
053-1592-006-02
Size
2,359 SF
Lot size
0.12 Acres
Amenities
back yard
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Linoleum, Carpet
Roof type
Shingle
Listing Agency:
RE/MAX ESTATE PROPERTIES
(310) 802-6000
Listed By:
Miriam Dean · License #00917977
(310) 266-7934
Added: Sep 24, 2022
Changed: Oct 8
Last Checked: Oct 15 at 10:06AM
MLS# 22-202991
Copyright © 2026 The MLS/CLAW. 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 2,359-square-foot duplex dates to 1900 and sits on a 0.1205-acre lot. The property is being offered in its present condition. A detached two-car garage and driveway provide on-site vehicle space, and the grounds include a backyard. Interior features noted include bedrooms, bathrooms, a bonus room, and a kitchen.
The property is in Berkeley, near UC Berkeley and Ashby BART station. The remarks also identify access to freeways 880 and 580, along with nearby restaurants, shopping, a hospital, a farmers market, and hiking trails.
The property is in Berkeley, near UC Berkeley and Ashby BART station. The remarks also identify access to freeways 880 and 580, along with nearby restaurants, shopping, a hospital, a farmers market, and hiking trails.
Key Highlights
- Two‑unit duplex with 2,359 square feet of building area
- 0.1205‑acre lot
- Detached two‑car garage and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,538
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,760
$1.1M
Cap Rate 7%
$764,829
$764.8K
Cap Rate 9%
$594,867
$594.9K
Market Conditions
NOI Build-Up for 2,359 SF
Gross rent
$80.7K $34.20/SF
− Vacancy
−$4.2K −$1.78/SF
EGI
$76.5K $32.42/SF
− OpEx
−$22.9K −$9.73/SF
NOI
$53.5K $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%
$1,070,760
Cap Rate 7%
$764,829
Cap Rate 9%
$594,867
Alternative Uses
Best Use
Multifamily LT 5
$764.8K
$669.2K – $892.3K
NOI $53,538 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$669.8K
$586.1K – $781.5K
NOI $46,887 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$912.3K
$798.3K – $1.06M
NOI $63,863 @ 7.0% cap · market cap 5.48%
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
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied, while the other is scheduled to be vacant at closing.
Where is this duplex located?
The property is located at 2057 Emerson St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,165,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,359 square feet of building area; 0.1205‑acre lot; Detached two‑car garage and driveway
