Remodeled Alameda Duplex with
3239 Briggs Ave Alameda, CA 94501
3239 Briggs Ave, Alameda, CA, 94501
$1,150,000
For Sale
$1,150,000
Freshly remodeled duplex with two vacant 2BR/1BA homes, each with an attached garage and private backyard space.
Property Size1,553 SF
Price / SF$740.50
Days on Market101
Property Features for 3239 Briggs Ave
General Information
- Standard status
- Active
- Size
- 1,553 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing Agency
Corcoran Icon Properties
(510) 326-6302
Listed by
Kristen Von Bargen · License #01858948
(510) 326-6302
Source
Exitrealty
Added: Apr 8 Checked: Jul 17 at 5:11 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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
This freshly updated Alameda duplex offers two remodeled, vacant 2-bedroom, 1-bath units, each with its own attached garage. Unit A is arranged with two-story living and includes internal garage access and hardwood floors throughout, along with a wood-burning fireplace and kitchen finishes featuring quartz countertops, white cabinetry, and brand-new stainless appliances. Unit B is laid out on a single level and also features a wood-burning fireplace, matching kitchen finishes, a skylight over the dining area, and an in-unit stacked washer/dryer.
Both units open to generous outdoor space with private backyards and flexible fencing. The property includes mature trees and landscaping, plus patio areas. The listing notes room to support an ADU concept, with the buyer asked to verify details.
With both units currently vacant, the duplex presents a straightforward option for an owner-occupant seeking rental income, or for an investor looking for two remodeled units ready for immediate occupancy. The homes are positioned just two blocks from Lincoln Park, with proximity to South Shore Shopping, Oakland Airport, and ferry service, supporting a convenient day-to-day lifestyle for tenants or residents.
Both units open to generous outdoor space with private backyards and flexible fencing. The property includes mature trees and landscaping, plus patio areas. The listing notes room to support an ADU concept, with the buyer asked to verify details.
With both units currently vacant, the duplex presents a straightforward option for an owner-occupant seeking rental income, or for an investor looking for two remodeled units ready for immediate occupancy. The homes are positioned just two blocks from Lincoln Park, with proximity to South Shore Shopping, Oakland Airport, and ferry service, supporting a convenient day-to-day lifestyle for tenants or residents.
Key Highlights
- 1951 Alameda duplex with two fully updated, vacant 2BR/1BA units
- Each unit includes an attached garage plus a wood‑burning fireplace and private backyard space
- Unit A: two‑story layout with internal garage access and hardwood floors throughout
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 | $79.2k | $51.00 |
| − Vacancy | −$4.7k | −$3.05 |
| EGI | $74.5k | $47.95 |
| − OpEx | −$22.3k | −$14.39 |
| NOI | $52.1k | $33.57 |
1,553 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$744.7K
$651.6K – $868.8K
NOI $52,127 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,497 @ 7.0% cap · market cap 1.96%
Theoretical Best
Retail
$7.08M
$6.20M – $8.26M
NOI $495,603 @ 7.0% cap · market cap 43.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Duplex - Freshly remodeled duplex with two vacant 2BR/1BA homes, each with an attached garage and private backyard space.
Where is this duplex located?
The property is located at 3239 Briggs Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1951 Alameda duplex with two fully updated, vacant 2BR/1BA units; Each unit includes an attached garage plus a wood‑burning fireplace and private backyard space; Unit A: two‑story layout with internal garage access and hardwood floors throughout
