Hardwood-Floor
For Sale
$765,000
3537 Kempton Wy, Oakland, CA 94611
Residential Income, Oakland, CA
Property Size2,992 SF
Lot Size0.09 Acres
Price / SF$255.68
Days on Market573
Property Features for 3537 Kempton Wy
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bedroom 3
Interior features
Tub w/Shower Over
Exterior features
Back Yard
Fireplace
1
Appliances
Gas Water Heater
Subdivision
PIEDMONT AVENUE
Lot features
Sloped Down
Standard status
Active
APN
0100807009
Size
2,992 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Gravity, Space Heater
Water source
Public
Amenities
views
fireplace
basement
Building Details
Year built
1902
Flooring type
Hardwood
Building materials
Wood Shingles
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Phillip L. Fair · License #00770636
(510) 719-6406
Added: Feb 27, 2025
Changed: Sep 16
Last Checked: Sep 23 at 10:06PM
MLS# 41086305
Copyright © 2026 bridgeMLS. 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 2,992-square-foot duplex, built in 1902, offers distinct upper- and lower-level living spaces. Hardwood flooring extends through the property. The upper residence features period character and outlooks toward the Oakland Hills, while the lower residence includes a mantle fireplace, attached basement, and garage. A backyard adds exterior space, and the property is served by public water and sewer systems.
Set on a 0.0872-acre lot in Oakland, the property is positioned near transportation and Piedmont Avenue. The surrounding area includes cafes, restaurants, shops, Kaiser, and other businesses, with a Walk Score of 81. Additional features include a gas water heater, space and gravity heating, wood-shingle construction, and a tub with shower over.
Set on a 0.0872-acre lot in Oakland, the property is positioned near transportation and Piedmont Avenue. The surrounding area includes cafes, restaurants, shops, Kaiser, and other businesses, with a Walk Score of 81. Additional features include a gas water heater, space and gravity heating, wood-shingle construction, and a tub with shower over.
Key Highlights
- 2,992‑square‑foot duplex on a 0.0872‑acre lot
- Built in 1902 with hardwood flooring throughout
- Upper unit includes Oakland Hills views and period character
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
$55,204
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
7.22%
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%
$1,104,080
$1.1M
Cap Rate 7%
$788,629
$788.6K
Cap Rate 9%
$613,378
$613.4K
Market Conditions
NOI Build-Up for 2,992 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
$82.6K $27.60/SF
− Vacancy
−$3.7K −$1.24/SF
EGI
$78.9K $26.36/SF
− OpEx
−$23.7K −$7.91/SF
NOI
$55.2K $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%
$1,104,080
Cap Rate 7%
$788,629
Cap Rate 9%
$613,378
Alternative Uses
Best Use
Multifamily LT 5
$788.6K
$690.1K – $920.1K
NOI $55,204 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$729.7K
$638.5K – $851.3K
NOI $51,078 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,228 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,619
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential income property with separate unit features, a basement, garage, fireplace, and backyard.
Where is this duplex located?
The property is located at 3537 Kempton Wy Oakland, CA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 2,992‑square‑foot duplex on a 0.0872‑acre lot; Built in 1902 with hardwood flooring throughout; Upper unit includes Oakland Hills views and period character
