Vacant Two-Unit
366 Oakland Ave, Oakland, CA 94611
For Sale
New
$695,000
Residential Income, Oakland, CA
Property Size2,077 SF
Lot Size0.12 Acres
Price / SF$334.62
Days on Market2
Property Features for 366 Oakland Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Rooms
Parking
Parking features
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Utilities
Sewer type
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Water source
Building Details
Year built
Flooring type
Building materials
Buildings
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 8:06PM
MLS# 41153227
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.
Built in 1912, this Oakland duplex contains two vacant residences totaling 2,077 square feet. The upper apartment offers 1,270 square feet with two bedrooms, a brick fireplace, bay window, formal dining room with built-in buffet, hardwood floors, and a laundry room. The second two-bedroom unit measures 807 square feet and has a separate side entrance. A one-car garage serves the upper unit, and electricity is separately metered for the residences.
The property is on Oakland Avenue between the Grand Avenue and Piedmont Avenue districts, with AC Transit’s P Transbay line on the avenue. Zoning is RM-3. Pro forma figures based on estimated market rents include a 6.4% cap rate and 9.4 GRM.
The property is on Oakland Avenue between the Grand Avenue and Piedmont Avenue districts, with AC Transit’s P Transbay line on the avenue. Zoning is RM-3. Pro forma figures based on estimated market rents include a 6.4% cap rate and 9.4 GRM.
Key Highlights
- Two vacant two‑bedroom units totaling 2,077 square feet
- Upper unit: 1,270 SF; second unit: 807 SF
- 1912 construction; RM‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,322
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,440
$766.4K
Cap Rate 7%
$547,457
$547.5K
Cap Rate 9%
$425,800
$425.8K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$57.3K $27.60/SF
− Vacancy
−$2.6K −$1.24/SF
EGI
$54.7K $26.36/SF
− OpEx
−$16.4K −$7.91/SF
NOI
$38.3K $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%
$766,440
Cap Rate 7%
$547,457
Cap Rate 9%
$425,800
Alternative Uses
Best Use
Multifamily LT 5
$547.5K
$479.0K – $638.7K
NOI $38,322 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$506.5K
$443.2K – $591.0K
NOI $35,458 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$874.9K
$765.6K – $1.02M
NOI $61,246 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,059
Businesses Nearby
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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
$1,485,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oakland, CA
Properties on Market for Duplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with separate electric meters and a garage serving the upper unit.
Where is this duplex located?
The property is located at 366 Oakland Ave 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: Two vacant two‑bedroom units totaling 2,077 square feet; Upper unit: 1,270 SF; second unit: 807 SF; 1912 construction; RM‑3 zoning
