Remodeled Duplex with Detached
3017 Madeline St Oakland, CA 94602
3017 Madeline St, Oakland, CA, 94602
$998,000
For Sale
$998,000
Two remodeled homes on one lot offer separate addresses, in-unit laundry, air conditioning, and a detached ADU with garage under.
Property Size1,661 SF
Price / SF$600.84
Days on Market40
Property Features for 3017 Madeline St
General Information
- Standard status
- Active
- Size
- 1,661 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing Agency
Golden Gate Sotheby's Int'l Re
(415) 787-3450
Listed by
Herman Chan · License #01395481
(415) 787-3450
Source
Exitrealty
Added: Jun 8 Checked: Jul 16 at 7:42 am
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 Golden Gate Sotheby's Int'l Re
Investment Insights
Based on property information with market context.
This completely remodeled property offers two distinct homes on one lot, each with its own address: 3017 Madeline Street and 3019 Madeline Street. The main house is a 1930s-era two-bedroom, one-bath bungalow with an open-concept living, dining, and kitchen area, vaulted ceilings, a welcoming front porch, and air conditioning. It also includes in-unit washers/dryers and recent upgrades noted in the property description.
Behind the main home sits “Lil’ Maddy,” a detached two-story one-bedroom, one-bath ADU. The ADU features a downstairs lounge, an upstairs mini living room, and a garage underneath that can support covered parking or storage, as described. A long driveway allows for multiple vehicles, and the property includes a sprawling, flat yard, presented as a blank canvas for future outdoor improvements.
With two separate, self-contained residences and dedicated addresses, the layout suits tenants, owners, or investors seeking flexibility for multi-generational living or a live-in-and-rent arrangement. The property is described as being minutes from commuter freeways and the Fruitvale shopping district, along with local favorites such as Loard’s Ice Cream. The overall offering is positioned as turnkey, with air conditioning and in-unit laundry for both homes.
Behind the main home sits “Lil’ Maddy,” a detached two-story one-bedroom, one-bath ADU. The ADU features a downstairs lounge, an upstairs mini living room, and a garage underneath that can support covered parking or storage, as described. A long driveway allows for multiple vehicles, and the property includes a sprawling, flat yard, presented as a blank canvas for future outdoor improvements.
With two separate, self-contained residences and dedicated addresses, the layout suits tenants, owners, or investors seeking flexibility for multi-generational living or a live-in-and-rent arrangement. The property is described as being minutes from commuter freeways and the Fruitvale shopping district, along with local favorites such as Loard’s Ice Cream. The overall offering is positioned as turnkey, with air conditioning and in-unit laundry for both homes.
Key Highlights
- Two remodeled homes on one lot, each with its own address: 3017 and 3019 Madeline Street
- Main house (1930) is a 2‑bedroom, 1‑bath bungalow with vaulted ceilings and open‑concept living, dining, and kitchen
- Detached ADU offers 1 bedroom, 1 bath, with downstairs lounge and upstairs mini living room
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 | $56.8k | $34.20 |
| − Vacancy | −$2.4k | −$1.46 |
| EGI | $54.4k | $32.74 |
| − OpEx | −$16.3k | −$9.82 |
| NOI | $38.1k | $22.92 |
1,661 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.8K
$475.8K – $634.4K
NOI $38,066 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$501.0K
$438.4K – $584.5K
NOI $35,072 @ 7.0% cap · market cap 3.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two remodeled homes on one lot offer separate addresses, in-unit laundry, air conditioning, and a detached ADU with garage under.
Where is this duplex located?
The property is located at 3017 Madeline St Oakland, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two remodeled homes on one lot, each with its own address: 3017 and 3019 Madeline Street; Main house (1930) is a 2‑bedroom, 1‑bath bungalow with vaulted ceilings and open‑concept living, dining, and kitchen; Detached ADU offers 1 bedroom, 1 bath, with downstairs lounge and upstairs mini living room
