Craftsman Duplex with
For Sale
$599,000
227 29Th St, Oakland, CA 94611
Residential Income, Oakland, CA
Property Size1,814 SF
Lot Size0.12 Acres
Price / SF$330.21
Days on Market8
Property Features for 227 29Th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
Exterior features
Back Yard
Subdivision
ADAMS POINT
Standard status
Active
APN
1080123
Size
1,814 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1906
Building materials
Wood Siding
Listing Agency:
Winkler Real Estate Group
(510) 528-2200
Listed By:
Laura Martell
(415) 948-1282
Added: Sep 30
Last Checked: Oct 7 at 4:06AM
MLS# 41149865
Copyright © 2026 bridgeMLS. 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 1906 Craftsman duplex contains 1,814 square feet across two residences. Both units could be arranged as two-bedroom, two-bath layouts, subject to the work required; the property needs substantial TLC. A new foundation, wood siding, a basement, and an expansive backyard are among its physical features. Public water and sewer serve the property.
The 0.1188-acre site is in Oakland, with off-street parking and outdoor space for a range of uses.
The 0.1188-acre site is in Oakland, with off-street parking and outdoor space for a range of uses.
Key Highlights
- Two‑unit Craftsman property built in 1906
- 1,814 square feet on a 0.1188‑acre lot
- Each residence may be configured with 2 bedrooms and 2 bathrooms
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,941
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexibility for investment or owner occupancy, with off-street parking and public utilities.
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: Two‑unit Craftsman property built in 1906; 1,814 square feet on a 0.1188‑acre lot; Each residence may be configured with 2 bedrooms and 2 bathrooms
