Move-In Ready
22596 Norwood Drive Hayward, CA 94541
For Sale
$1,180,000
Single-story duplex with two vacant units, including washer/dryer hookups and one-car garages, plus a 2024 roof.
Property Size2,472 SF
Price / SF$477.35
Days on Market56
Property Features for 22596 Norwood Drive
General Information
- Standard status
- Active
- Size
- 2,472 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1957
Listing Agency:
Bay Area Properties Realty & Finance, Inc.
(650) 333-9789
Listed By:
Mitch Naghipour · License #00987679
(650) 333-9789
Source:
Exitrealty
Added: May 29
Changed: Jul 23
Last Checked: Jul 23 at 11:22AM
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 Bay Area Properties Realty & Finance, Inc.
Investment Insights
Based on property information with market context.
Move-in ready single-story duplex featuring two separate, delivered-vacant units: a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Each unit includes washer and dryer hookups and a one-car garage. The property also has a new roof installed in 2024.
The property is located in the Fairview/Upper B Street neighborhood near the Hayward/Castro Valley border, with nearby access to Castro Village Shopping Center, Southland Mall, Creekside Center, Hayward BART, and I-580.
Well-suited for an owner-occupant or investor given the duplex configuration and the ability to move in or lease immediately after delivery of the vacant units.
The property is located in the Fairview/Upper B Street neighborhood near the Hayward/Castro Valley border, with nearby access to Castro Village Shopping Center, Southland Mall, Creekside Center, Hayward BART, and I-580.
Well-suited for an owner-occupant or investor given the duplex configuration and the ability to move in or lease immediately after delivery of the vacant units.
Key Highlights
- Move‑in ready single‑story duplex built in 1957 with two vacant units
- Unit mix: 3BR/2BA and 2BR/1BA, both delivered vacant
- Each unit includes washer/dryer hookups and a 1‑car garage
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 | $80.1k | $32.40 |
| − Vacancy | −$4.0k | −$1.60 |
| EGI | $76.1k | $30.80 |
| − OpEx | −$22.8k | −$9.24 |
| NOI | $53.3k | $21.56 |
2,472 SF · lease $32.40/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$761.4K
$666.2K – $888.3K
NOI $53,295 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$685.0K
$599.3K – $799.1K
NOI $47,947 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$764.1K
$668.6K – $891.5K
NOI $53,490 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Freddy’s Auto Detailing
Car Wash
FAQs
What type of property is this?
Duplex - Single-story duplex with two vacant units, including washer/dryer hookups and one-car garages, plus a 2024 roof.
Where is this duplex located?
The property is located at 22596 Norwood Drive Hayward, CA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Move‑in ready single‑story duplex built in 1957 with two vacant units; Unit mix: 3BR/2BA and 2BR/1BA, both delivered vacant; Each unit includes washer/dryer hookups and a 1‑car garage
