Three-Unit Multifamily
For Sale
$1,395,000
2832 Summit St, Oakland, CA 94609
Three leased residences offer varied bedroom layouts, in-unit laundry, and six tandem off-street parking spaces.
Property Size3,656 SF
Price / SF$381.56
Days on Market168
Property Features for 2832 Summit St
General Information
Standard status
Active
Size
3,656 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Zoning
CC2
Occupancy
100%
Financials
Asking Price
$1,395,000
Cap Rate
6.64%
Gross Income
$140,208
Site & Location
Neighborhood
Pill Hill
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 4BR/2.5BA, 1 x 3BR/1BA
Multifamily Units
3
Amenities
Yard Space
Building Details
Building Size
3,656 SF
Year Built
1945
Buildings
1
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Source:
Eminentvalley
Added: May 12
Changed: Oct 26
Last Checked: Oct 26 at 3:45AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
At 2832 Summit St, this 1945-built triplex contains 3,656 square feet across three residences. Unit 1 has four bedrooms and two bathrooms, with shaker cabinetry, a farmhouse sink, a gas range, and in-unit laundry. Unit 2 includes four bedrooms, two and a half bathrooms, in-unit laundry, and a private deck. The lower-level third unit has three bedrooms and one bathroom. Windows were replaced in 2023, and the property has six tandem off-street parking spaces. All three units are leased, with rents described as in line with market.
The property is between Broadway and Telegraph in Oakland. A hospital campus is two blocks away; bus service is one-tenth of a mile away, and 19th Street BART is 0.7 mile away. The stated Walk Score is 97. Zoning is CC2.
The property is between Broadway and Telegraph in Oakland. A hospital campus is two blocks away; bus service is one-tenth of a mile away, and 19th Street BART is 0.7 mile away. The stated Walk Score is 97. Zoning is CC2.
Key Highlights
- Three leased units totaling 3,656 square feet
- Unit mix: two four‑bedroom residences and one three‑bedroom residence
- Six tandem off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,787
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,740
$1.7M
Cap Rate 7%
$1,196,957
$1.2M
Cap Rate 9%
$930,967
$931.0K
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$125.0K $34.20/SF
− Vacancy
−$5.3K −$1.46/SF
EGI
$119.7K $32.74/SF
− OpEx
−$35.9K −$9.82/SF
NOI
$83.8K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,740
Cap Rate 7%
$1,196,957
Cap Rate 9%
$930,967
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,787 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.10M
$965.0K – $1.29M
NOI $77,197 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,851
Businesses Nearby
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Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
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
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences offer varied bedroom layouts, in-unit laundry, and six tandem off-street parking spaces.
Where is this triplex located?
The property is located at 2832 Summit St Oakland, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Three leased units totaling 3,656 square feet; Unit mix: two four‑bedroom residences and one three‑bedroom residence; Six tandem off‑street parking spaces
