Duplex with Side
New
For Sale
$580,000
2121 17th AVe, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size1,264 SF
Lot Size0.09 Acres
Price / SF$458.86
Days on Market1
Property Features for 2121 17th AVe
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 3
Exterior features
Back Yard, Side Yard
Fireplace
1
Subdivision
San Antonio
Directions
Near E 21st St And 14th AVe
Standard status
Active
APN
212885
Size
1,264 SF
Lot size
0.09 Acres
Utilities
Heating system
Wall Furnace
Building Details
Year built
1925
Number of units
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Rolled Hot Mop
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Rene Macias
(510) 244-4494
Added: Sep 2
Last Checked: Sep 2 at 3:06AM
MLS# 41146054
Copyright © 2026 Bay East. 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 duplex, built in 1925, contains 1,264 square feet on a 0.0918-acre lot. The property features stucco construction, vinyl flooring, wall-furnace heating, a fireplace, and both back- and side-yard areas. The room schedule includes three bedrooms and four bathrooms.
Located in Oakland’s San Antonio neighborhood, the property is near Laney College, Downtown Oakland, BART, local shops, dining, parks, Lakeside Park, and the Oakland Museum of California. Interstate 880 provides regional commuter access. The two-unit configuration supports continued residential use with flexibility for owner occupancy or holding both units as an income property.
Located in Oakland’s San Antonio neighborhood, the property is near Laney College, Downtown Oakland, BART, local shops, dining, parks, Lakeside Park, and the Oakland Museum of California. Interstate 880 provides regional commuter access. The two-unit configuration supports continued residential use with flexibility for owner occupancy or holding both units as an income property.
Key Highlights
- Two‑unit duplex built in 1925
- 1,264 square feet on a 0.0918‑acre lot
- Stucco exterior with vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,171
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,420
$543.4K
Cap Rate 7%
$388,157
$388.2K
Cap Rate 9%
$301,900
$301.9K
Market Conditions
NOI Build-Up for 1,264 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.0K $32.40/SF
− Vacancy
−$2.1K −$1.69/SF
EGI
$38.8K $30.71/SF
− OpEx
−$11.6K −$9.21/SF
NOI
$27.2K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,420
Cap Rate 7%
$388,157
Cap Rate 9%
$301,900
Alternative Uses
Best Use
Multifamily LT 5
$388.2K
$339.6K – $452.9K
NOI $27,171 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$354.8K
$310.4K – $413.9K
NOI $24,833 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$575.8K
$503.8K – $671.8K
NOI $40,306 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with stucco construction, vinyl flooring, and separate outdoor areas.
Where is this duplex located?
The property is located at 2121 17th AVe Oakland, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1925; 1,264 square feet on a 0.0918‑acre lot; Stucco exterior with vinyl flooring
