Remodeled Duplex with Attached
3241 Briggs Ave Alameda, CA 94501
For Sale
$995,000
Two vacant, fully remodeled units offer two bedrooms, one bath, and each has its own attached garage and fireplace.
Property Size1,427 SF
Price / SF$697.27
Days on Market109
Property Features for 3241 Briggs Ave
General Information
- Standard status
- Active
- Size
- 1,427 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1952
Listing Agency:
Corcoran Icon Properties
(510) 326-6302
Listed By:
Kristen Von Bargen · License #01858948
(510) 326-6302
Source:
Exitrealty
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 24 at 6:36AM
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 for-sale duplex presents two vacant, completely remodeled 2-bedroom, 1-bath units, each with its own attached garage and wood-burning fireplace. Unit A is arranged with two-story living and hardwood floors throughout, along with a modern kitchen featuring quartz countertops, white cabinets, and brand-new stainless appliances. Unit B offers single-level living with matching kitchen finishes.
Both units have fresh updates throughout, including newly remodeled kitchens and bathrooms, along with new flooring, paint, and fixtures. The property sits on a unique trapezoid-shaped lot that provides an opportunity for creative front-yard space for each unit.
The duplex is located about two blocks from Lincoln Park, and close to the golf course, South Shore Shopping Center, Oakland Airport, and ferry service. Offers are being accepted now, and the property is scheduled for an open house on Sunday (2:00–4:30 p.m.).
Both units have fresh updates throughout, including newly remodeled kitchens and bathrooms, along with new flooring, paint, and fixtures. The property sits on a unique trapezoid-shaped lot that provides an opportunity for creative front-yard space for each unit.
The duplex is located about two blocks from Lincoln Park, and close to the golf course, South Shore Shopping Center, Oakland Airport, and ferry service. Offers are being accepted now, and the property is scheduled for an open house on Sunday (2:00–4:30 p.m.).
Key Highlights
- Two vacant, fully remodeled units (year built 1952), each with 2 bedrooms and 1 bathroom
- Each unit has its own attached garage plus a wood‑burning fireplace
- Unit A offers two‑story living with hardwood floors and a modern kitchen with quartz countertops and brand‑new stainless appliances
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 | $72.8k | $51.00 |
| − Vacancy | −$4.4k | −$3.05 |
| EGI | $68.4k | $47.95 |
| − OpEx | −$20.5k | −$14.39 |
| NOI | $47.9k | $33.57 |
1,427 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$684.2K
$598.7K – $798.3K
NOI $47,897 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,672 @ 7.0% cap · market cap 2.08%
Theoretical Best
Retail
$6.51M
$5.69M – $7.59M
NOI $455,394 @ 7.0% cap · market cap 45.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two vacant, fully remodeled units offer two bedrooms, one bath, and each has its own attached garage and fireplace.
Where is this duplex located?
The property is located at 3241 Briggs Ave Alameda, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two vacant, fully remodeled units (year built 1952), each with 2 bedrooms and 1 bathroom; Each unit has its own attached garage plus a wood‑burning fireplace; Unit A offers two‑story living with hardwood floors and a modern kitchen with quartz countertops and brand‑new stainless appliances
