Two-Unit Duplex with
For Sale
$635,000
Pending
3530-3532 Seminary Avenue, Oakland, CA 94605
Residential Income, Oakland, CA
Property Size1,724 SF
Lot Size0.15 Acres
Days on Market424
Property Features for 3530-3532 Seminary Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Security features
Security
Appliances
Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater, Washer/Dryer
Subdivision
Oakland Zip 94605
Standard status
Pending
APN
037A274301900
Lot size
0.15 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Amenities
washer/dryer in each unit
gas heating
shared outdoor area
Building Details
Year built
1956
Number of units
2
Flooring type
Wood
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Compass
(415) 660-9955
Listed By:
Dan Chang
(212) 913-9058
Added: Jul 11, 2025
Changed: Sep 4
Last Checked: Sep 7 at 4:06PM
MLS# 426157053
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,724-square-foot duplex at 3530-3532 Seminary Avenue includes two separate units, each arranged with a living room, kitchen, two bedrooms, and one bathroom. One unit is vacant, while the other is occupied by long-term tenants. Both units include a washer and dryer, gas heating, wood flooring, and individual garages with driveway space. The property also offers a shared outdoor area and sits on a 6,381-square-foot lot.
Built in 1956, the building has stucco construction, a shingle roof, public water service, free-standing gas ranges, refrigerators, and gas water heaters. Its Oakland location provides access to nearby freeway and transit connections.
Built in 1956, the building has stucco construction, a shingle roof, public water service, free-standing gas ranges, refrigerators, and gas water heaters. Its Oakland location provides access to nearby freeway and transit connections.
Key Highlights
- Two‑unit duplex at 3530‑3532 Seminary Avenue in Oakland
- 1,724 square feet of total building area on a 6,381‑square‑foot lot
- Each unit includes 2 bedrooms, 1 bathroom, a living room, and a separate kitchen
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
$34,897
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
5.50%
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%
$697,940
$697.9K
Cap Rate 7%
$498,529
$498.5K
Cap Rate 9%
$387,744
$387.7K
Market Conditions
NOI Build-Up for 1,724 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
$52.8K $30.60/SF
− Vacancy
−$2.9K −$1.68/SF
EGI
$49.9K $28.92/SF
− OpEx
−$15.0K −$8.68/SF
NOI
$34.9K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /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%
$697,940
Cap Rate 7%
$498,529
Cap Rate 9%
$387,744
Alternative Uses
Best Use
Multifamily LT 5
$498.5K
$436.2K – $581.6K
NOI $34,897 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$446.9K
$391.0K – $521.4K
NOI $31,281 @ 7.0% cap · market cap 4.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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 - Duplex with separate kitchens, private garages, and one vacant unit alongside an occupied unit.
Where is this duplex located?
The property is located at 3530-3532 Seminary Avenue 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: Two‑unit duplex at 3530‑3532 Seminary Avenue in Oakland; 1,724 square feet of total building area on a 6,381‑square‑foot lot; Each unit includes 2 bedrooms, 1 bathroom, a living room, and a separate kitchen
