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    Oakland Multifamily Property with Charm Title is generated by Realmo AI

    3537 Kempton Wy, Oakland, CA 94611

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    Claim this Listing
    For Sale
    $765,000

    MULTI_FAMILY - Oakland, CA

    Property size:
    2,992 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $255/SF
    Added:
    Feb 27, 2025
    Days on Market:
    480
    Last Refresh:
    Jun 22 at 4:06 am

    Property Features for 3537 Kempton Wy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Basement
    Interior features
    Tub w/Shower Over
    Exterior features
    Back Yard
    Fireplace
    1
    Appliances
    Gas Water Heater
    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

    Building Details

    Year built
    1902
    Flooring type
    Hardwood
    Building materials
    Wood Shingles

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    Listing Contact
    Phillip L. Fair

    Listing agent Phillip L. Fair License #00770636

    Listing office Corcoran Icon Properties 342 Highland Ave, Piedmont, CA

    Listing date Feb 27, 2025

    MLS# 41086305 Listing URL

    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.

    HighLights

    • 1902‑built home with wood shingle exterior and hardwood flooring
    • Fireplace in the downstairs unit with a large mantle
    • Upstairs unit features hardwood floors and views of the Oakland Hills
    • Downstairs unit includes an attached basement and a garage
    • Public water and public sewer
    • Gas water heater with gravity heating; space heater available

    Overview

    This multifamily property is located on a quiet street in Oakland, CA, close to transportation and Piedmont Avenue. The property has a WalkScore of 81, reflecting its proximity to cafes, restaurants, shops, Kaiser, and other businesses. The upstairs unit features Old World charm, hardwood floors throughout, and views of the Oakland Hills. The downstairs unit includes hardwood floors, a large mantle fireplace, an attached basement, and a garage. The property is situated on a lot of approximately 0.0872 acres and the building size is approximately 2,992 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $82.6k $27.60
    − Vacancy −$3.7k −$1.24
    EGI $78.9k $26.36
    − OpEx −$23.7k −$7.91
    NOI $55.2k $18.45
    2,992 SF · lease $27.60/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $788.6K
    $690.1K – $920.1K (±1% cap)
    NOI $55,204 @ 7.0% cap · market cap 7.22%
    Second Best
    Apartment 5plus
    $729.7K
    $638.5K – $851.3K (±1% cap)
    NOI $51,078 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Office A
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $88,228 @ 7.0% cap · market cap 11.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.255928
    Latitude
    37.821685

    FAQs

    What type of property is this?
    Duplex - Charming multifamily property near transportation and Piedmont Avenue.
    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: 1902‑built home with wood shingle exterior and hardwood flooring; Fireplace in the downstairs unit with a large mantle; Upstairs unit features hardwood floors and views of the Oakland Hills
    More about this property
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