Remodeled Duplex with
New
For Sale
$1,025,000
2243 Linden St, Livermore, CA 94551
Two updated residences offer private living areas, in-unit laundry, and flexible occupancy for an owner-user or investor.
Property Size1,698 SF
Price / SF$603.65
Days on Market3
Property Features for 2243 Linden St
General Information
Standard status
Active
Size
1,698 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
carport parking
storage
mini-split HVAC
outdoor areas
Building Details
Year Built
1952
Listing Agency:
Key Impact Properties
(925) 487-8389
Listed By:
Holly R. Bruce · License #01494639
(925) 487-8389
Source:
Exitrealty
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 6:33AM
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 Key Impact Properties
Investment Insights
Based on property information with market context.
This 1,698-square-foot duplex contains two approximately 849-square-foot residences, each with 2 bedrooms and 1 bath. Both homes have remodeled kitchens and bathrooms, updated plumbing and electrical systems, refreshed flooring and finishes, mini-split heating and air conditioning, and in-unit all-in-one washer/dryer laundry. The property also includes carport parking, storage, refreshed outdoor areas, and a new roof.
The rear residence is vacant and ready for occupancy, while the front residence is tenant-occupied. The property is near Junction K-8, Lawrence Elementary School, Portola Village Center, Livermore Transit Center, and Downtown Livermore restaurants and shops. Built in 1952, the duplex offers separate living spaces within a compact residential income property.
The rear residence is vacant and ready for occupancy, while the front residence is tenant-occupied. The property is near Junction K-8, Lawrence Elementary School, Portola Village Center, Livermore Transit Center, and Downtown Livermore restaurants and shops. Built in 1952, the duplex offers separate living spaces within a compact residential income property.
Key Highlights
- 1,698 SF duplex with two approximately 849 sq. ft. residences
- Each unit has 2 bedrooms and 1 bath
- Remodeled kitchens and baths with updated plumbing and electrical
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
$56,994
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
5.56%
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%
$1,139,880
$1.1M
Cap Rate 7%
$814,200
$814.2K
Cap Rate 9%
$633,267
$633.3K
Market Conditions
NOI Build-Up for 1,698 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
$86.6K $51.00/SF
− Vacancy
−$5.2K −$3.05/SF
EGI
$81.4K $47.95/SF
− OpEx
−$24.4K −$14.39/SF
NOI
$57.0K $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 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%
$1,139,880
Cap Rate 7%
$814,200
Cap Rate 9%
$633,267
Alternative Uses
Best Use
Multifamily LT 5
$814.2K
$712.4K – $949.9K
NOI $56,994 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,597 @ 7.0% cap · market cap 2.40%
Theoretical Best
Retail
$7.74M
$6.77M – $9.03M
NOI $541,877 @ 7.0% cap · market cap 52.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 94551, CA
40,358
Population
14,475
Households
2.8
Avg Household Size
38
Median Age
44%
College-Educated
92%
High-School Grad
82.7 sq mi
ZIP Area
488
Density / Sq Mi
$130,705
Median Household Income
$67,591
Median Earnings
$2,589
Median Rent
$931,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer private living areas, in-unit laundry, and flexible occupancy for an owner-user or investor.
Where is this duplex located?
The property is located at 2243 Linden St Livermore, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 1,698 SF duplex with two approximately 849 sq. ft. residences; Each unit has 2 bedrooms and 1 bath; Remodeled kitchens and baths with updated plumbing and electrical
