Two-Unit Duplex With
For Sale
$649,000
Pending
3210 Kansas Street, Oakland, CA 94602
Vintage residential income property with separate living spaces, backyard access, storage, and a two-car garage.
Property Size2,294 SF
Lot Size0.08 Acres
Days on Market83
Property Features for 3210 Kansas Street
General Information
Standard status
Pending
Size
2,294 SF
Total Parking Spaces
2
Lot size
0.08 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
hardwood flooring
separate laundry areas
backyard
Building Details
Building Size
2,294 SF
Year Built
1962
Buildings
1
Listing Agency:
Berkshire Hathaway-Franciscan
Listed By:
Andrew de Vries
(415) 585-5200
Source:
Rohhabibi
Added: Jun 18
Changed: Aug 31
Last Checked: Sep 7 at 7:39AM
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 Berkshire Hathaway-Franciscan
Investment Insights
Based on property information with market context.
Built in 1962, this two-unit residential property includes an upper three-bedroom, two-bath residence and a lower two-bedroom, one-bath unit. The approximately 2,294-square-foot building sits on a 3,500-square-foot lot and includes hardwood flooring, natural light, separate laundry areas, generous room sizes, and functional floor plans. The upper unit has a spacious living room, kitchen, two bathrooms, and access to the backyard, while the lower unit provides an additional residential layout. A two-car garage adds enclosed parking and storage, and the backyard offers usable outdoor space.
The property is located at 3210 Kansas Street in Oakland’s Laurel District, near shops, restaurants, cafes, schools, parks, public transportation, and major commuter routes. The sale is offered as-is in the property’s present condition. Available floor plans indicate approximately 1,200 square feet in the upper residence and approximately 900 square feet in the lower residence; buyer to verify.
The property is located at 3210 Kansas Street in Oakland’s Laurel District, near shops, restaurants, cafes, schools, parks, public transportation, and major commuter routes. The sale is offered as-is in the property’s present condition. Available floor plans indicate approximately 1,200 square feet in the upper residence and approximately 900 square feet in the lower residence; buyer to verify.
Key Highlights
- Two‑unit building constructed in 1962
- Approximately 2,294 sq. ft. on a 3,500 sq. ft. lot
- Upper 3BR/2BA unit and lower 2BR/1BA unit
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
$52,573
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
8.10%
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%
$1,051,460
$1.1M
Cap Rate 7%
$751,043
$751.0K
Cap Rate 9%
$584,144
$584.1K
Market Conditions
NOI Build-Up for 2,294 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
$78.5K $34.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$75.1K $32.74/SF
− OpEx
−$22.5K −$9.82/SF
NOI
$52.6K $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 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%
$1,051,460
Cap Rate 7%
$751,043
Cap Rate 9%
$584,144
Alternative Uses
Best Use
Multifamily LT 5
$751.0K
$657.2K – $876.2K
NOI $52,573 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$692.0K
$605.5K – $807.3K
NOI $48,438 @ 7.0% cap · market cap 7.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vintage residential income property with separate living spaces, backyard access, storage, and a two-car garage.
Where is this duplex located?
The property is located at 3210 Kansas Street Oakland, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit building constructed in 1962; Approximately 2,294 sq. ft. on a 3,500 sq. ft. lot; Upper 3BR/2BA unit and lower 2BR/1BA unit
