Duplex with Development
2218 82Nd Ave Oakland, CA 94605
2218 82Nd Ave, Oakland, CA, 94605
$939,000
For Sale
$939,000
Duplex with refreshed interiors, one vacant unit, and city entitlements for four additional units.
Property Size2,858 SF
Lot Size0.28 Acres
Price / SF$328.55
Days on Market120
Property Features for 2218 82Nd Ave
General Information
- Standard status
- Active
- Size
- 2,858 SF
- Lot size
- 0.28 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1944
Listing Agency
EXP Realty of California, Inc
(510) 606-0107
Listed by
Nicholas Liesenfeld · License #01364555
(510) 606-0107
Source
Exitrealty
Added: Mar 22 Checked: Jul 19 at 3:23 am
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 EXP Realty of California, Inc
Investment Insights
Based on property information with market context.
2218 82nd Ave is a duplex configured with 6 bedrooms and 4 bathrooms across approximately 2,858 square feet, situated on a roughly 12,320 square foot lot. The property includes recently refreshed interiors, featuring updated flooring, modern kitchens with quartz counters, and renovated baths. One unit is currently vacant, providing immediate flexibility for an owner-occupant or a buyer looking to stabilize occupancy after purchase.
The home is located in Oakland’s established Castlemont neighborhood. The seller notes proximity to Oakland Hills, BART, major corridors, and Oakland International Airport, supporting convenient access for commuters while remaining close to local amenities and schools.
This setup can fit owner-occupants seeking additional space and income potential, as well as investors interested in a property with in-place improvements and planning options. The city has granted entitlements for four additional units, which the buyer is responsible for verifying, offering a potential pathway to expansion under the approved entitlements. The expansive lot also supports outdoor space and parking, with room for future considerations consistent with the buyer’s development plans.
The home is located in Oakland’s established Castlemont neighborhood. The seller notes proximity to Oakland Hills, BART, major corridors, and Oakland International Airport, supporting convenient access for commuters while remaining close to local amenities and schools.
This setup can fit owner-occupants seeking additional space and income potential, as well as investors interested in a property with in-place improvements and planning options. The city has granted entitlements for four additional units, which the buyer is responsible for verifying, offering a potential pathway to expansion under the approved entitlements. The expansive lot also supports outdoor space and parking, with room for future considerations consistent with the buyer’s development plans.
Key Highlights
- Duplex built in 1944 with approx. 2,858 sq ft and 6 bedrooms/4 bathrooms
- Approx. 12,320 sq ft lot with outdoor space and parking
- Recently refreshed interiors with updated flooring, modern kitchens with quartz counters, and renovated baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.5k | $30.60 |
| − Vacancy | −$4.8k | −$1.68 |
| EGI | $82.6k | $28.92 |
| − OpEx | −$24.8k | −$8.68 |
| NOI | $57.9k | $20.24 |
2,858 SF · lease $30.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$826.4K
$723.1K – $964.2K
NOI $57,851 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$740.8K
$648.2K – $864.3K
NOI $51,858 @ 7.0% cap · market cap 5.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with refreshed interiors, one vacant unit, and city entitlements for four additional units.
Where is this duplex located?
The property is located at 2218 82Nd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Duplex built in 1944 with approx. 2,858 sq ft and 6 bedrooms/4 bathrooms; Approx. 12,320 sq ft lot with outdoor space and parking; Recently refreshed interiors with updated flooring, modern kitchens with quartz counters, and renovated baths
