Duplex with Detached Rear
For Sale
Contact for pricing
326 Athol Ave, Oakland, CA 94606
Front residence offers three bedrooms and 1.5 baths; rear detached loft-style unit has two bedrooms and one bath.
Property Size1,832 SF
Price / SF$346.62
Days on Market151
Property Features for 326 Athol Ave
General Information
Standard status
Active
Size
1,832 SF
Class
C
Property subtype
Multifamily
Zoning
RM-2/S-13
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$26,204
Additional Details
Multifamily Units
2
Building Details
Year Built
1906
Units
2
Tenancy
Multi
Listing Agency:
Compass Commercial Real Estate
Listed By:
Ray Rodriguez · License #CA 01999734
(415) 345-3000
Source:
Crexi
Added: Apr 9
Changed: Aug 22
Last Checked: Sep 4 at 7:26PM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
326–328 Athol Avenue is a duplex with two separate structures in Oakland’s Cleveland Heights neighborhood. The front residence is single-family in feel and features three bedrooms and one-and-a-half bathrooms. At the rear of the property, there is a detached two-bedroom, one-bathroom loft-style unit, creating distinct living spaces within the same investment.
The property is located approximately 0.6 miles from Lake Merritt and about 2.2 miles from Jack London Square. The tandem unit configuration can support different occupancy and leasing approaches, with the front and rear homes functioning independently.
In addition, 326–328 Athol Avenue is part of a larger contiguous assemblage opportunity with neighboring properties at 320–322 Athol Avenue and 330 Athol Avenue, allowing for scaling within the same submarket.
The property is located approximately 0.6 miles from Lake Merritt and about 2.2 miles from Jack London Square. The tandem unit configuration can support different occupancy and leasing approaches, with the front and rear homes functioning independently.
In addition, 326–328 Athol Avenue is part of a larger contiguous assemblage opportunity with neighboring properties at 320–322 Athol Avenue and 330 Athol Avenue, allowing for scaling within the same submarket.
Key Highlights
- Duplex at 326–328 Athol Avenue with two separate structures in Oakland’s Cleveland Heights neighborhood.
- Front residence built in 1906 with 3 bedrooms and 1.5 bathrooms.
- Front unit offers more than 1,500 sq ft of living space.
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
$39,381
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
6.20%
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%
$787,620
$787.6K
Cap Rate 7%
$562,586
$562.6K
Cap Rate 9%
$437,567
$437.6K
Market Conditions
NOI Build-Up for 1,832 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
$59.4K $32.40/SF
− Vacancy
−$3.1K −$1.69/SF
EGI
$56.3K $30.71/SF
− OpEx
−$16.9K −$9.21/SF
NOI
$39.4K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /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%
$787,620
Cap Rate 7%
$562,586
Cap Rate 9%
$437,567
Alternative Uses
Best Use
Multifamily LT 5
$562.6K
$492.3K – $656.4K
NOI $39,381 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$514.2K
$449.9K – $599.9K
NOI $35,992 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$834.5K
$730.2K – $973.6K
NOI $58,418 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Front residence offers three bedrooms and 1.5 baths; rear detached loft-style unit has two bedrooms and one bath.
Where is this duplex located?
The property is located at 326 Athol Ave Oakland, CA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Duplex at 326–328 Athol Avenue with two separate structures in Oakland’s Cleveland Heights neighborhood.; Front residence built in 1906 with 3 bedrooms and 1.5 bathrooms.; Front unit offers more than 1,500 sq ft of living space.
