Duplex with Private
New
For Sale
$599,000
2533 19Th Ave, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size1,503 SF
Lot Size0.12 Acres
Price / SF$398.54
Days on Market2
Property Features for 2533 19Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 3, Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking features
Off Street
Exterior features
Back Yard
Fencing
Fenced
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
Highland Terrace
Lot features
Level
Directions
14th Ave > Wallace St. > 19th Ave...
Standard status
Active
APN
223538
Size
1,503 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Floor Furnace
Water source
Public
Amenities
private yard space
washer/dryer
Building Details
Year built
1940
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Stucco, Frame
Roof type
Composition
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Justin Paek
(510) 409-0735
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 4:06AM
MLS# 41148023
Copyright © 2026 Bay East. 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 1,503-square-foot duplex was built in 1940 and includes two residential units, each with a private yard and detached garage. One unit features an updated modern kitchen, while both units include washer and dryer appliances. Hardwood and carpet flooring, stucco and frame construction, composition roofing, and natural-gas floor furnace heating are among the property’s physical features. Public water and sewer serve the property, and utilities are individually metered, including water.
The property occupies 0.1205 acres at 2533 19th Ave in Oakland’s 94606 ZIP code. Nearby context includes the Laurel shipping district, Redwood Regional Park, Leona Canyon, Grand Lake, BART, and freeway access. Fenced outdoor space and off-street parking add practical features for residents, while the existing occupancy provides an established residential income profile.
The property occupies 0.1205 acres at 2533 19th Ave in Oakland’s 94606 ZIP code. Nearby context includes the Laurel shipping district, Redwood Regional Park, Leona Canyon, Grand Lake, BART, and freeway access. Fenced outdoor space and off-street parking add practical features for residents, while the existing occupancy provides an established residential income profile.
Key Highlights
- 1,503‑square‑foot duplex on a 0.1205‑acre parcel
- Two units, each with a private yard and detached garage
- One unit includes a refreshed modern kitchen
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
$32,309
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
5.39%
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%
$646,180
$646.2K
Cap Rate 7%
$461,557
$461.6K
Cap Rate 9%
$358,989
$359.0K
Market Conditions
NOI Build-Up for 1,503 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
$48.7K $32.40/SF
− Vacancy
−$2.5K −$1.69/SF
EGI
$46.2K $30.71/SF
− OpEx
−$13.8K −$9.21/SF
NOI
$32.3K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /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%
$646,180
Cap Rate 7%
$461,557
Cap Rate 9%
$358,989
Alternative Uses
Best Use
Multifamily LT 5
$461.6K
$403.9K – $538.5K
NOI $32,309 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$684.7K
$599.1K – $798.8K
NOI $47,927 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
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-unit income property with separate outdoor areas, individual utility metering, and off-street parking.
Where is this duplex located?
The property is located at 2533 19Th Ave 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: 1,503‑square‑foot duplex on a 0.1205‑acre parcel; Two units, each with a private yard and detached garage; One unit includes a refreshed modern kitchen
