Tenant-Occupied
For Sale
$565,700
3227 Chestnut St, Oakland, CA 94608
Two-unit residential property with a backyard, garden, upper-level deck, and established tenancy.
Property Size2,092 SF
Price / SF$270.41
Days on Market93
Property Features for 3227 Chestnut St
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
in need of some cosmetic repairs
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
back yard
garden
deck
Building Details
Construction
Victorian
Listing Agency:
eXp Realty of California Inc
8487410
Listed By:
Audrey C. Cheek
(916) 995-5223
Source:
Exprealty
Added: Jul 15
Changed: Oct 15
Last Checked: Oct 15 at 1:29AM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This tenant-occupied duplex contains 2,092 square feet across two residential units. The lower residence offers three bedrooms, with one bedroom currently arranged as a second living room, along with direct access to the backyard and garden. The upper unit includes a living room, kitchen, two bedrooms, and a deck overlooking the backyard. The Victorian property requires cosmetic repairs, and a pest inspection is available for review.
Located at 3227 Chestnut St in Oakland, the property is near public transportation and the I-580 freeway. Its setting adjacent to Emeryville places the duplex within an established residential area while retaining access to regional connections.
Located at 3227 Chestnut St in Oakland, the property is near public transportation and the I-580 freeway. Its setting adjacent to Emeryville places the duplex within an established residential area while retaining access to regional connections.
Key Highlights
- 2,092‑square‑foot Victorian duplex with two residential units
- Lower unit includes 3 bedrooms and access to the backyard and garden
- Upper unit offers 2 bedrooms, a kitchen, living room, and backyard‑facing deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,944
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,880
$958.9K
Cap Rate 7%
$684,914
$684.9K
Cap Rate 9%
$532,711
$532.7K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$71.5K $34.20/SF
− Vacancy
−$3.1K −$1.46/SF
EGI
$68.5K $32.74/SF
− OpEx
−$20.5K −$9.82/SF
NOI
$47.9K $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 Rate 5%
$958,880
Cap Rate 7%
$684,914
Cap Rate 9%
$532,711
Alternative Uses
Best Use
Multifamily LT 5
$684.9K
$599.3K – $799.1K
NOI $47,944 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$631.0K
$552.2K – $736.2K
NOI $44,173 @ 7.0% cap · market cap 7.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a backyard, garden, upper-level deck, and established tenancy.
Where is this duplex located?
The property is located at 3227 Chestnut St Oakland, CA.
What is the asking price?
The asking price for this property is $565,700.
What are key features of this property?
This property features: 2,092‑square‑foot Victorian duplex with two residential units; Lower unit includes 3 bedrooms and access to the backyard and garden; Upper unit offers 2 bedrooms, a kitchen, living room, and backyard‑facing deck
