Duplex with Separate
New
For Sale
$1,295,000
2319 Woolsey St, Berkeley, CA 94705
Residential Income, Berkeley, CA
Property Size2,264 SF
Lot Size0.10 Acres
Price / SF$571
Days on Market4
Property Features for 2319 Woolsey St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Subdivision
CENTRAL BERKELEY
Lot features
Rectangular Lot
Standard status
Active
APN
5215573
Size
2,264 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
brick fireplace
private deck
sun porch
Building Details
Year built
1908
Flooring type
Engineered, Wood
Building materials
Wood Shingles, Wood Siding
Additional Structures
Storage
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Carrie McAlister
(510) 292-7838
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 7:06AM
MLS# 41148637
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 2,264-square-foot duplex was built in 1908 and features wood-shingle and wood-siding construction, wood and engineered flooring, forced-air heat, and off-street parking. The lower residence includes a living and dining area, original built-ins, a brick fireplace, kitchen, study, bedroom, and full bathroom. A separate backyard studio with a bathroom adds flexible space for guests or creative use. The upper residence offers a family room, full kitchen, two bedrooms, a full bathroom, and a sun porch.
The property occupies 0.0961 acres in Berkeley’s 94705 postal area, with fenced front and back yards, public water, and public sewer. Central Berkeley, Elmwood shops and cafes, Berkeley Bowl, farmers markets, UC Berkeley, BART, and major freeways are identified as nearby destinations or transportation connections.
The property occupies 0.0961 acres in Berkeley’s 94705 postal area, with fenced front and back yards, public water, and public sewer. Central Berkeley, Elmwood shops and cafes, Berkeley Bowl, farmers markets, UC Berkeley, BART, and major freeways are identified as nearby destinations or transportation connections.
Key Highlights
- Duplex with 2,264 square feet of building area
- Built in 1908 with wood‑shingle and wood‑siding construction
- Separate backyard studio includes a bathroom
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
$51,382
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
3.97%
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%
$1,027,640
$1.0M
Cap Rate 7%
$734,029
$734.0K
Cap Rate 9%
$570,911
$570.9K
Market Conditions
NOI Build-Up for 2,264 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
$77.4K $34.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$73.4K $32.42/SF
− OpEx
−$22.0K −$9.73/SF
NOI
$51.4K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /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%
$1,027,640
Cap Rate 7%
$734,029
Cap Rate 9%
$570,911
Alternative Uses
Best Use
Multifamily LT 5
$734.0K
$642.3K – $856.4K
NOI $51,382 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$642.8K
$562.5K – $750.0K
NOI $44,999 @ 7.0% cap · market cap 3.47%
Theoretical Best
Specialty Retail
$875.6K
$766.1K – $1.02M
NOI $61,291 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 94705, CA
13,591
Population
6,335
Households
2.1
Avg Household Size
42
Median Age
79%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
3,997
Density / Sq Mi
$163,254
Median Household Income
$75,864
Median Earnings
$2,330
Median Rent
$1,892,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-level property with two kitchens, multiple living areas, and a backyard studio with its own bathroom.
Where is this duplex located?
The property is located at 2319 Woolsey St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Duplex with 2,264 square feet of building area; Built in 1908 with wood‑shingle and wood‑siding construction; Separate backyard studio includes a bathroom
