3-Unit Triplex with
For Sale
$999,000
208 Ridgeway Avenue, Oakland, CA 94611
ResidentialIncome, Oakland, CA
Property Size2,344 SF
Lot Size0.12 Acres
Price / SF$426.19
Days on Market33
Property Features for 208 Ridgeway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3
Parking features
Carport
Accessibility
Accessible Approach with Ramp
Appliances
WasherDryerSomeUnits
Elementary school
OaklandUnified
High school
OaklandUnified
Elementary school district
OaklandUnified
High school district
OaklandUnified
Subdivision
OaklandZipCode94611
Standard status
Active
APN
013-1111-021
Size
2,344 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4370
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Spencer Yuan · License #01522071
(408) 892-1720
Added: Sep 24
Changed: Oct 21
Last Checked: Oct 26 at 8:06AM
MLS# ML82062556
Copyright © 2026 MLS Listings, Inc. 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.
This 3-unit residential property contains 2,344 square feet on a 0.116-acre lot and was built in 1925. One residence has two bedrooms, a bonus room, one bathroom, and an in-unit washer and dryer; the other two each have one bedroom and one bathroom. All three units are occupied. Features include a carport, ramp access, electric heating, wall-unit cooling, and composition roofing. The property is zoned R3 and served by public water and sewer.
Set in Oakland’s Piedmont Avenue area, the property is near shops, restaurants, and daily services. Kaiser Permanente, Temescal, and Rockridge are also nearby, with access to Highway 580 and BART. The three-residence configuration offers distinct unit layouts, including a larger unit with additional bonus space.
Set in Oakland’s Piedmont Avenue area, the property is near shops, restaurants, and daily services. Kaiser Permanente, Temescal, and Rockridge are also nearby, with access to Highway 580 and BART. The three-residence configuration offers distinct unit layouts, including a larger unit with additional bonus space.
Key Highlights
- Three occupied residences: one two‑bedroom unit and two one‑bedroom units
- 2,344 square feet on a 0.116‑acre lot
- Built in 1925; zoned R3
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 unit mix includes one two-bedroom residence and two one-bedroom residences.
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 occupied residences: one two‑bedroom unit and two one‑bedroom units; 2,344 square feet on a 0.116‑acre lot; Built in 1925; zoned R3
