8-Unit Apartment
For Sale
$1,998,000
206 Mather St, Oakland, CA 94611
Eight residences, garage parking, seismic improvements, and ADU plans support this multifamily property in Oakland’s Piedmont Avenue neighborhood.
Property Size4,576 SF
Lot Size0.17 Acres
Price / SF$436.63
Days on Market47
Property Features for 206 Mather St
General Information
Standard status
Active
Size
4,576 SF
Class
C
Total Parking Spaces
8
Lot size
0.17 Acres
Property subtype
Multi-Family
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Gross Income
$180,000
Building Details
Building Size
4,576 SF
Year Built
1960
Units
8
Listing Agency:
Kite Hill Real Estate
Listed By:
Jatin Mehta · License #02045713
(415) 795-2797
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 6:01AM
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
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Investment Insights
Based on property information with market context.
The property at 206 Mather St comprises eight one-bedroom, one-bath apartments totaling 4,576 square feet on a 7,600-square-foot lot. Constructed in 1960, the building includes eight garages and has received a voluntary seismic retrofit. Four apartments have been updated, while ADU plans provide an additional documented improvement component.
Set in Oakland’s Piedmont Avenue neighborhood, the property is near independent boutiques, restaurants, cafes, galleries, the Piedmont Theatre, seasonal events, and other neighborhood amenities. The location records a Walk Score of 96, a Transit Score of 53, and a Bike Score of 61.
The apartment configuration, on-site garage count, completed unit updates, seismic work, and ADU plans provide a clear overview of the existing improvements and documented future planning.
Set in Oakland’s Piedmont Avenue neighborhood, the property is near independent boutiques, restaurants, cafes, galleries, the Piedmont Theatre, seasonal events, and other neighborhood amenities. The location records a Walk Score of 96, a Transit Score of 53, and a Bike Score of 61.
The apartment configuration, on-site garage count, completed unit updates, seismic work, and ADU plans provide a clear overview of the existing improvements and documented future planning.
Key Highlights
- Eight 1‑bedroom, 1‑bath units totaling 4,576 SF
- 7,600‑square‑foot lot with eight garages
- Constructed in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,119
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,380
$1.6M
Cap Rate 7%
$1,115,986
$1.1M
Cap Rate 9%
$867,989
$868.0K
Market Conditions
NOI Build-Up for 4,576 SF
Gross rent
$148.3K $32.40/SF
− Vacancy
−$6.2K −$1.36/SF
EGI
$142.0K $31.04/SF
− OpEx
−$63.9K −$13.97/SF
NOI
$78.1K $17.07/SF
Area
ZIP 94611
Vacancy
4.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,380
Cap Rate 7%
$1,115,986
Cap Rate 9%
$867,989
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$976.5K – $1.30M
NOI $78,119 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,937 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
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?
Apartment building - Eight residences, garage parking, seismic improvements, and ADU plans support this multifamily property in Oakland’s Piedmont Avenue neighborhood.
Where is this apartment building located?
The property is located at 206 Mather St Oakland, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Eight 1‑bedroom, 1‑bath units totaling 4,576 SF; 7,600‑square‑foot lot with eight garages; Constructed in 1960
