Three-Unit Residential Income
For Sale
$999,000
208 Ridgeway Avenue, Oakland, CA 94611
The property combines three separate residences, including one with an in-unit washer and dryer.
Property Size2,344 SF
Price / SF$426.19
Days on Market33
Property Features for 208 Ridgeway Avenue
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Multi Family Home
Zoning
R3
Occupancy
100%
Site & Location
Neighborhood
Piedmont Avenue
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR+bonus/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
in-unit washer/dryer
Building Details
Building Size
2,344 SF
Year Built
1925
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01291981
(925) 634-9400
Source:
Equityfirstre
Added: Sep 24
Changed: Oct 23
Last Checked: Oct 23 at 5:35PM
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 EQUITY FIRST REAL ESTATE
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Investment Insights
Based on property information with market context.
This R3-zoned residential income property contains 2,344 square feet and dates to 1925. Its three residences include a two-bedroom unit with a bonus room, one bathroom, and an in-unit washer and dryer, plus two one-bedroom, one-bathroom units. The property is fully occupied.
The address is near the shops, restaurants, and daily services of Piedmont Avenue. Kaiser Permanente, Temescal, Rockridge, Highway 580, and BART are also identified as nearby destinations or connections.
The address is near the shops, restaurants, and daily services of Piedmont Avenue. Kaiser Permanente, Temescal, Rockridge, Highway 580, and BART are also identified as nearby destinations or connections.
Key Highlights
- Three residences: one two‑bedroom unit and two one‑bedroom units
- 2,344 square feet; built in 1925
- R3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,248
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,960
$865.0K
Cap Rate 7%
$617,829
$617.8K
Cap Rate 9%
$480,533
$480.5K
Market Conditions
NOI Build-Up for 2,344 SF
Gross rent
$64.7K $27.60/SF
− Vacancy
−$2.9K −$1.24/SF
EGI
$61.8K $26.36/SF
− OpEx
−$18.5K −$7.91/SF
NOI
$43.2K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,960
Cap Rate 7%
$617,829
Cap Rate 9%
$480,533
Alternative Uses
Best Use
Multifamily LT 5
$617.8K
$540.6K – $720.8K
NOI $43,248 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$571.7K
$500.2K – $666.9K
NOI $40,016 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$987.4K
$864.0K – $1.15M
NOI $69,120 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,617
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?
Triplex - The property combines three separate residences, including one with an in-unit washer and dryer.
Where is this triplex located?
The property is located at 208 Ridgeway Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three residences: one two‑bedroom unit and two one‑bedroom units; 2,344 square feet; built in 1925; R3 zoning
