Triplex With Separate
For Sale
$735,000
2714 79Th Ave, Oakland, CA 94605
Three residences offer dedicated off-street parking, with one unit also providing a private yard.
Property Size3,100 SF
Price / SF$237.10
Days on Market51
Property Features for 2714 79Th Ave
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
3
Property subtype
Multi Family
Building Details
Year Built
1925
Buildings
2
Tenancy
Multi
Listing Agency:
BETTER HOMES REALTY/MCARTHR
(510) 562-8600
Listed By:
Varnell Owens · License #00631087
(510) 336-9200
Source:
Exitrealty
Added: Aug 1
Changed: Sep 15
Last Checked: Sep 15 at 4:10AM
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 BETTER HOMES REALTY/MCARTHR
Investment Insights
Based on property information with market context.
This triplex comprises two buildings with distinct access for each residence. The front structure contains a lower-level unit and an upper-level unit, while a separate two-story rear building houses the third residence. The rear unit includes its own private yard, and all three residences have one dedicated off-street parking space.
Set on a cul-de-sac in a neighborhood primarily surrounded by single-family homes, the property is located at 2714 79th Ave in Oakland. The setting records a Walk Score of 82, a Bike Score of 56, and a Transit Score of 53. Built in 1925, the layout provides a clear separation between the front duplex and detached rear structure.
Set on a cul-de-sac in a neighborhood primarily surrounded by single-family homes, the property is located at 2714 79th Ave in Oakland. The setting records a Walk Score of 82, a Bike Score of 56, and a Transit Score of 53. Built in 1925, the layout provides a clear separation between the front duplex and detached rear structure.
Key Highlights
- Three‑unit property arranged across a front duplex and detached rear building
- Separate entrance for each residence
- Detached rear two‑story unit includes a private yard
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
$62,750
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
8.54%
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%
$1,255,000
$1.3M
Cap Rate 7%
$896,429
$896.4K
Cap Rate 9%
$697,222
$697.2K
Market Conditions
NOI Build-Up for 3,100 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
$94.9K $30.60/SF
− Vacancy
−$5.2K −$1.68/SF
EGI
$89.6K $28.92/SF
− OpEx
−$26.9K −$8.68/SF
NOI
$62.7K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /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%
$1,255,000
Cap Rate 7%
$896,429
Cap Rate 9%
$697,222
Alternative Uses
Best Use
Multifamily LT 5
$896.4K
$784.4K – $1.05M
NOI $62,750 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$803.6K
$703.1K – $937.5K
NOI $56,249 @ 7.0% cap · market cap 7.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer dedicated off-street parking, with one unit also providing a private yard.
Where is this triplex located?
The property is located at 2714 79Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three‑unit property arranged across a front duplex and detached rear building; Separate entrance for each residence; Detached rear two‑story unit includes a private yard
