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Fourplex with Off-Street Parking
For Sale
$1,495,000

2923 Wheeler St, Berkeley, CA 94705

Early 1900s fourplex offering four 1BD/1BA units with separate PG&E and off-street parking at the rear.

Days on Market9

Property Features for 2923 Wheeler St

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 4

Building Details

Year Built 1910
Listing Agency: TCGOB, Inc
Listed By: Henry Webber
Source: Elliman
Added: Jul 24 Changed: Jul 26 Last Checked: Aug 1 at 10:38AM

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 TCGOB, Inc

Investment Insights

Based on property information with market context.

This early 1900s fourplex features four 1BD/1BA units with classic details. Utilities are separated with individual PG&E, and laundry is located in unit D. Off-street parking is provided behind the parcel, with potential for future development as noted in the offering.

Situated in Berkeley, the property is described as moments from U.C. Berkeley, Elmwood cafés and shops, Berkeley Bowl, Whole Foods, and major transit options. WalkScore is listed at 92, BikeScore at 99, and TransitScore at 64, supporting the area’s day-to-day accessibility.

The building’s configuration is straightforward for a four-unit rental setup, with separate utilities and on-site parking to support resident convenience.

Key Highlights

  • Early 1900s fourplex built in 1910 with four 1BD/1BA units
  • Separate PG&E for the units
  • Laundry in unit D

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Home Appliance Store Auto Parts Store HVAC Service Cosmetic Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

4,070
Businesses Nearby

Demographics for 94705, CA

13,591
Population
6,335
Households
2.1
Avg Household Size
42
Median Age
79%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
3,997
Density / Sq Mi
$163,254
Median Household Income
$75,864
Median Earnings
$2,330
Median Rent
$1,892,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Early 1900s fourplex offering four 1BD/1BA units with separate PG&E and off-street parking at the rear.
Where is this quadplex located?
The property is located at 2923 Wheeler St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Early 1900s fourplex built in 1910 with four 1BD/1BA units; Separate PG&E for the units; Laundry in unit D
More about this property
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