Hardwood-Floor
For Sale
$695,000
3537 Kempton Wy, Oakland, CA 94611
Residential Income, Oakland, CA
Property Size2,992 SF
Lot Size0.09 Acres
Price / SF$232.29
Days on Market597
Property Features for 3537 Kempton Wy
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Basement
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
Space Heater, Gravity
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: Oct 7
Last Checked: Oct 17 at 7:06AM
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.
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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 / Yr
$55,204
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
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
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 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 7.94%
Second Best
Apartment 5plus
$729.7K
$638.5K – $851.3K
NOI $51,078 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,228 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in West region
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 $695,000.
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
