Six-Unit Multifamily
For Sale
$2,750,000
2522 Hilgard Ave, Berkeley, CA 94709
Two-building six-unit property with a central courtyard and unit mix including 2-bedroom and 3-bedroom duplex units.
Property Size7,294 SF
Days on Market97
Property Features for 2522 Hilgard Ave
General Information
Standard status
Active
Size
7,294 SF
Property subtype
5 or More Units
Additional Details
Multifamily Units
6
Amenities
central courtyard
Building Details
Building Size
7,294 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
SOTHEBY'S INTERNATIONAL REALTY INC
Listed By:
Devang Parikh
(415) 812-3777
Source:
Annnewtoncane
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 21 at 5:43AM
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 SOTHEBY'S INTERNATIONAL REALTY INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Berkeley six-unit multifamily property is arranged as two connected buildings centered around a courtyard with access from Hilgard Avenue. The main building at 1655 Euclid Avenue contains four units, each configured with 2 bedrooms and 1 bathroom.
The second building includes two duplex units at 2522 and 2524 Hilgard Avenue. Each duplex is described as having 3 bedrooms and at least 2 bathrooms.
The asset is offered for sale as a residential income opportunity, with proximity to UC Berkeley’s North Gate and the amenities along Euclid Avenue referenced in the public remarks.
The second building includes two duplex units at 2522 and 2524 Hilgard Avenue. Each duplex is described as having 3 bedrooms and at least 2 bathrooms.
The asset is offered for sale as a residential income opportunity, with proximity to UC Berkeley’s North Gate and the amenities along Euclid Avenue referenced in the public remarks.
Key Highlights
- Two‑building six‑unit multifamily property with a central courtyard on a large lot
- Main building (1655 Euclid Ave) has four 2‑bedroom, 1‑bath units
- Second building includes two duplex units at 2522 and 2524 Hilgard Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,975
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,899,500
$2.9M
Cap Rate 7%
$2,071,071
$2.1M
Cap Rate 9%
$1,610,833
$1.6M
Market Conditions
NOI Build-Up for 7,294 SF
Gross rent
$277.5K $38.04/SF
− Vacancy
−$13.9K −$1.90/SF
EGI
$263.6K $36.14/SF
− OpEx
−$118.6K −$16.26/SF
NOI
$145.0K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,899,500
Cap Rate 7%
$2,071,071
Cap Rate 9%
$1,610,833
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.42M
NOI $144,975 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,463 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,536
Businesses Nearby
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Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building six-unit property with a central courtyard and unit mix including 2-bedroom and 3-bedroom duplex units.
Where is this apartment building located?
The property is located at 2522 Hilgard Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two‑building six‑unit multifamily property with a central courtyard on a large lot; Main building (1655 Euclid Ave) has four 2‑bedroom, 1‑bath units; Second building includes two duplex units at 2522 and 2524 Hilgard Ave
