Updated Fourplex Income
2841 Octavia St Oakland, CA 94619
2841 Octavia St, Oakland, CA, 94619
$1,288,888
For Sale
$1,288,888
Fourplex offers one occupied 2-bedroom unit and three vacant units, all with recent upgrades and a roof replacement.
Property Size3,535 SF
Price / SF$364.61
Days on Market27
Property Features for 2841 Octavia St
General Information
- Standard status
- Active
- Size
- 3,535 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1966
Listing agency
Win Win Realty Group
(510) 396-0625
Listed by
Robben Tan · License #02079113
(510) 396-0625
Source
Exitrealty
Added: Jun 27 Updated: Jul 20 at 5:02PM Checked: Jul 22 at 10:07AM
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 Win Win Realty Group
Investment Insights
Based on property information with market context.
This updated fourplex includes a vacant owner’s unit and three additional residential units. The owner’s unit is a spacious 4-bedroom, 2-bath configuration, while the three other units are each 2-bedroom, 1-bath. One unit is currently occupied and generating rental income, and the remaining units are vacant and ready for immediate occupancy or lease-up.
The property has undergone numerous upgrades, including remodeled kitchens with new appliances, updated flooring, dual-pane windows, and fresh interior and exterior paint. The roof was replaced approximately three years ago.
The building presents a versatile multifamily setup for an owner-occupant or an investor looking for income-producing rental housing within an established Oakland area.
The property has undergone numerous upgrades, including remodeled kitchens with new appliances, updated flooring, dual-pane windows, and fresh interior and exterior paint. The roof was replaced approximately three years ago.
The building presents a versatile multifamily setup for an owner-occupant or an investor looking for income-producing rental housing within an established Oakland area.
Key Highlights
- 1966‑built fourplex in Oakland’s 94619 area: 1 occupied 2‑bedroom unit plus 3 vacant units
- Vacant owner’s unit: 4‑bedroom, 2‑bath setup, ready for immediate occupancy or customization
- Rental income: occupied unit generates $2,620/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.9k | $34.20 |
| − Vacancy | −$5.2k | −$1.46 |
| EGI | $115.7k | $32.74 |
| − OpEx | −$34.7k | −$9.82 |
| NOI | $81.0k | $22.92 |
3,535 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,014 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$1.07M
$933.0K – $1.24M
NOI $74,642 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Fourplex offers one occupied 2-bedroom unit and three vacant units, all with recent upgrades and a roof replacement.
Where is this quadplex located?
The property is located at 2841 Octavia St Oakland, CA.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: 1966‑built fourplex in Oakland’s 94619 area: 1 occupied 2‑bedroom unit plus 3 vacant units; Vacant owner’s unit: 4‑bedroom, 2‑bath setup, ready for immediate occupancy or customization; Rental income: occupied unit generates $2,620/month
