Craftsman Duplex with
For Sale
$599,000
227 29th St, Oakland, CA 94611
Two residences offer potential for a two-bedroom, two-bathroom layout in each unit.
Property Size1,814 SF
Price / SF$330.21
Days on Market30
Property Features for 227 29th St
General Information
Standard status
Active
Size
1,814 SF
Property subtype
Multi Family Home
Property Condition
Severity
Repairs Needed
Evidence
a lot of TLC needed
Site & Location
Neighborhood
Harrison Street
Highway Access
Yes
Additional Details
Multifamily Units
2
Amenities
Back Yard
Building Details
Building Size
1,814 SF
Year Built
1906
Construction
Craftsman
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01291981
(925) 634-9400
Source:
Equityfirstre
Added: Sep 30
Changed: Oct 26
Last Checked: Oct 26 at 3:35AM
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 EQUITY FIRST REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,814-square-foot Craftsman duplex was built in 1906 and has a newly installed foundation. The property includes two units, each with the potential to be arranged as a two-bedroom, two-bathroom residence. Off-street parking and a backyard are also part of the property.
The duplex is in Adams Point, near Lake Merritt, Piedmont Avenue, Lakeshore Avenue, and Downtown Oakland. Interstate 580 provides nearby highway access.
The duplex is in Adams Point, near Lake Merritt, Piedmont Avenue, Lakeshore Avenue, and Downtown Oakland. Interstate 580 provides nearby highway access.
Key Highlights
- 1,814‑square‑foot duplex with two residential units
- Built in 1906; foundation has been replaced
- Each unit could accommodate a two‑bedroom, two‑bathroom configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,469
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,380
$669.4K
Cap Rate 7%
$478,129
$478.1K
Cap Rate 9%
$371,878
$371.9K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$50.1K $27.60/SF
− Vacancy
−$2.3K −$1.24/SF
EGI
$47.8K $26.36/SF
− OpEx
−$14.3K −$7.91/SF
NOI
$33.5K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,380
Cap Rate 7%
$478,129
Cap Rate 9%
$371,878
Alternative Uses
Best Use
Multifamily LT 5
$478.1K
$418.4K – $557.8K
NOI $33,469 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.1K
NOI $30,968 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$764.2K
$668.6K – $891.5K
NOI $53,491 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,941
Businesses Nearby
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Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer potential for a two-bedroom, two-bathroom layout in each unit.
Where is this duplex located?
The property is located at 227 29th St Oakland, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,814‑square‑foot duplex with two residential units; Built in 1906; foundation has been replaced; Each unit could accommodate a two‑bedroom, two‑bathroom configuration
