Duplex With Attached
New
For Sale
$625,000
3211 Courtland Ave, Oakland, CA 94619
Residential Income, Oakland, CA
Property Size1,376 SF
Lot Size0.12 Acres
Price / SF$454.22
Days on Market2
Property Features for 3211 Courtland Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2
Parking features
Garage
Interior features
Storage, Storage Area(s)
Exterior features
Back Yard
Appliances
Washer, Gas Water Heater
Subdivision
Maxwell Pk Area
Lot features
Level
Directions
High St> Redding St. > Courtland Ave.
Standard status
Active
APN
322032142
Size
1,376 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas
Water source
Public
Amenities
finished basement
in-unit washer/dryer
Building Details
Year built
1951
Number of units
2
Flooring type
Linoleum, Hardwood, Vinyl
Building materials
Stucco, Frame
Roof type
Composition
Additional Structures
Storage
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Justin Paek
(510) 409-0735
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 4:06AM
MLS# 41148013
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied duplex in Oakland offers 1,376 square feet of building area on a 0.1157-acre lot. The property includes an attached garage for each unit, two parking spaces, finished basement storage, and a full-size washer and dryer for each unit. Individual metering, including water, provides separate utility accounting. Construction features stucco and frame materials, with hardwood, linoleum, and vinyl flooring. Heating is provided by natural gas wall furnaces, and the property has a composition roof, public water, and public sewer.
Located on Courtland Ave, the property is near the Laurel shipping district, neighborhood parks including Redwood Regional Park and Leona Canyon, Grand Lake, BART, and freeway access. A backyard and gas water heaters add to the existing property features.
Located on Courtland Ave, the property is near the Laurel shipping district, neighborhood parks including Redwood Regional Park and Leona Canyon, Grand Lake, BART, and freeway access. A backyard and gas water heaters add to the existing property features.
Key Highlights
- Fully occupied duplex in Oakland
- 1,376 SF building on a 0.1157‑acre lot
- Attached garage for each unit with two parking spaces
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
$31,535
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
5.05%
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%
$630,700
$630.7K
Cap Rate 7%
$450,500
$450.5K
Cap Rate 9%
$350,389
$350.4K
Market Conditions
NOI Build-Up for 1,376 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
$47.1K $34.20/SF
− Vacancy
−$2.0K −$1.46/SF
EGI
$45.0K $32.74/SF
− OpEx
−$13.5K −$9.82/SF
NOI
$31.5K $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%
$630,700
Cap Rate 7%
$450,500
Cap Rate 9%
$350,389
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,535 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$415.1K
$363.2K – $484.2K
NOI $29,054 @ 7.0% cap · market cap 4.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with private garages, individual utility metering, laundry appliances, and finished basement storage.
Where is this duplex located?
The property is located at 3211 Courtland Ave Oakland, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully occupied duplex in Oakland; 1,376 SF building on a 0.1157‑acre lot; Attached garage for each unit with two parking spaces
