Triplex with Remodeled
For Sale
$848,000
Pending
3300 Harrison St, Oakland, CA 94611
Three-unit residential property with updated interiors, private outdoor areas, and off-street parking near Lake Merritt.
Property Size2,126 SF
Days on Market153
Property Features for 3300 Harrison St
General Information
Standard status
Pending
Size
2,126 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x studio, 1 x 3BR/1BA
Multifamily Units
3
Amenities
off-street parking
fenced yard
Building Details
Year Built
1932
Listing Agency:
BHHS Drysdale Properties
(510) 523-1144
Listed By:
Rose Krinks · License #01783545
(510) 915-2646
Source:
Exitrealty
Added: Apr 5
Changed: Sep 2
Last Checked: Sep 2 at 7:04PM
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 BHHS Drysdale Properties
Investment Insights
Based on property information with market context.
Located at 3300 Harrison St in Oakland, this 2,126-square-foot triplex was built in 1932 and contains two studio units plus an upper-level three-bedroom, one-bath residence. The first studio includes a refreshed kitchen with granite counters, a study nook, upgraded windows, and backyard access. The second studio was remodeled in 2025 and features updated kitchen and bath finishes, granite countertops, upgraded fixtures, tile work, washer/dryer hookups, and access to the rear yard. The upper unit offers an eat-in kitchen, in-unit laundry, and outdoor access.
The property includes off-street parking and fenced front and rear yards. It is situated near Whole Foods, Lake Merritt, restaurants, cafés, boutique retail, and entertainment. BART, AC Transit, and major freeways provide connections to San Francisco and the broader Bay Area.
The property includes off-street parking and fenced front and rear yards. It is situated near Whole Foods, Lake Merritt, restaurants, cafés, boutique retail, and entertainment. BART, AC Transit, and major freeways provide connections to San Francisco and the broader Bay Area.
Key Highlights
- 2,126 SF triplex built in 1932
- Unit mix includes two studios and one upper‑level 3‑bedroom, 1‑bath unit
- Second studio remodeled in 2025 with updated kitchen and bath
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
$39,226
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
4.63%
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%
$784,520
$784.5K
Cap Rate 7%
$560,371
$560.4K
Cap Rate 9%
$435,844
$435.8K
Market Conditions
NOI Build-Up for 2,126 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
$58.7K $27.60/SF
− Vacancy
−$2.6K −$1.24/SF
EGI
$56.0K $26.36/SF
− OpEx
−$16.8K −$7.91/SF
NOI
$39.2K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /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%
$784,520
Cap Rate 7%
$560,371
Cap Rate 9%
$435,844
Alternative Uses
Best Use
Multifamily LT 5
$560.4K
$490.3K – $653.8K
NOI $39,226 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$518.5K
$453.7K – $604.9K
NOI $36,294 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$895.6K
$783.6K – $1.04M
NOI $62,691 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
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?
Triplex - Three-unit residential property with updated interiors, private outdoor areas, and off-street parking near Lake Merritt.
Where is this triplex located?
The property is located at 3300 Harrison St Oakland, CA.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: 2,126 SF triplex built in 1932; Unit mix includes two studios and one upper‑level 3‑bedroom, 1‑bath unit; Second studio remodeled in 2025 with updated kitchen and bath
