Oakland Multifamily Property in
For Sale
$1,325,000
3257 Delaware Street, Oakland, CA 94602
Five-unit multifamily property in Oakland's Dimond District.
Property Size4,068 SF
Price / SF$325.71
Days on Market319
Property Features for 3257 Delaware Street
General Information
Standard status
Active
Size
4,068 SF
Total Parking Spaces
5
Property subtype
5+ Units / Five or More Units
Net Operating Income
$86,020
Site & Location
Neighborhood
Laurel
Amenities
Other, Other
Building Details
Year Built
1955
Listing Agency:
Compass
Listed By:
Willem Bos · License #02013980
(916) 698-9954
Source:
Compass
Added: Dec 17, 2025
Changed: Oct 31
Last Checked: Oct 30 at 4:42PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Oakland’s Dimond District, this five-unit multifamily property is positioned just above Interstate 580. The property features a unit mix consisting of two oversized two-bedroom units with dedicated dining areas, two spacious one-bedroom one-bath units, and one three-bedroom two-bath unit. The three-bedroom unit is currently rented at $3,200 per month. The Dimond District is known for its residential charm, proximity to Dimond Park, local retail along MacArthur Boulevard, and easy freeway access. The location attracts a strong tenant base drawn to the area’s neighborhood feel combined with urban convenience. The property has a bike score of 67, indicating it is bikeable. The walk score is 70, indicating it is somewhat walkable. The transit score is 52, indicating good transit options.
Key Highlights
- Strong Cash Flow: Delivers a compelling 6.15% CAP rate and 10.26 GRM.
- Highly Desirable Location: Situated in Oakland’s Dimond District, known for its residential charm and urban convenience.
- Attractive Unit Mix: Features a desirable mix of two‑bedroom, one‑bedroom, and a three‑bedroom unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,896
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,920
$1.7M
Cap Rate 7%
$1,227,086
$1.2M
Cap Rate 9%
$954,400
$954.4K
Market Conditions
NOI Build-Up for 4,068 SF
Gross rent
$163.5K $40.20/SF
− Vacancy
−$7.4K −$1.81/SF
EGI
$156.2K $38.39/SF
− OpEx
−$70.3K −$17.28/SF
NOI
$85.9K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,920
Cap Rate 7%
$1,227,086
Cap Rate 9%
$954,400
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,896 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,229 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,023
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
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
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property in Oakland's Dimond District.
Where is this apartment building located?
The property is located at 3257 Delaware Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Strong Cash Flow: Delivers a compelling 6.15% CAP rate and 10.26 GRM.; Highly Desirable Location: Situated in Oakland’s Dimond District, known for its residential charm and urban convenience.; Attractive Unit Mix: Features a desirable mix of two‑bedroom, one‑bedroom, and a three‑bedroom unit.
