Mixed-Use Property in Central
For Sale
$870,000
2109 Lincoln Ave, Alameda, CA 94501
Duplex with commercial space in central Alameda location.
Property Size1,968 SF
Lot Size0.06 Acres
Days on Market419
Property Features for 2109 Lincoln Ave
General Information
Standard status
Active
Size
1,968 SF
Lot size
0.06 Acres
Property subtype
Duplex
Amenities
Wall Furnace
No Air Conditioning
Gas Water Heater
Building Details
Building Size
1,968 SF
Year Built
1950
Listing Agency:
Oakland
Listed By:
Ringo Liu · License #01106012
(510) 913-1600
Source:
Kw
Added: Aug 23, 2025
Changed: Oct 15
Last Checked: Oct 14 at 10:00PM
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 Oakland
Investment Insights
Based on property information with market context.
This property in central Alameda presents an investment opportunity, featuring a duplex with a commercial space. The property includes one ground-floor commercial space and two residential units located above. Unit A, situated on the upper level, is a sunny and spacious one-bedroom, one-bathroom apartment. Unit B offers two bedrooms and one bathroom and has been recently renovated. The property has separate meters for each unit. Outdoor space is available. The central location provides excellent street visibility for the commercial unit, with comfortable living spaces above. The property is in close proximity to schools, transportation, and Park Street.
Key Highlights
- Central Alameda location
- Duplex with one commercial space offering excellent street visibility
- Separate meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,056
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,120
$1.3M
Cap Rate 7%
$943,657
$943.7K
Cap Rate 9%
$733,956
$734.0K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$100.4K $51.00/SF
− Vacancy
−$6.0K −$3.05/SF
EGI
$94.4K $47.95/SF
− OpEx
−$28.3K −$14.39/SF
NOI
$66.1K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,120
Cap Rate 7%
$943,657
Cap Rate 9%
$733,956
Alternative Uses
Best Use
Multifamily LT 5
$943.7K
$825.7K – $1.10M
NOI $66,056 @ 7.0% cap · market cap 7.59%
Second Best
Mixed Use
$569.3K
$498.2K – $664.2K
NOI $39,852 @ 7.0% cap · market cap 4.58%
Theoretical Best
Retail
$8.97M
$7.85M – $10.47M
NOI $628,041 @ 7.0% cap · market cap 72.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,426
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
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?
Mixed-use property - Duplex with commercial space in central Alameda location.
Where is this mixed-use property located?
The property is located at 2109 Lincoln Ave Alameda, CA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Central Alameda location; Duplex with one commercial space offering **excellent street visibility**; Separate meters for each unit
