Triplex with Off-Street
For Sale
$799,000
Pending
4035 Howe St, Oakland, CA 94611
MULTI_FAMILY - Oakland, CA
Property Size2,970 SF
Lot Size0.09 Acres
Days on Market56
Property Features for 4035 Howe St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Tandem, Off Street
Exterior features
Back Yard, Front Yard, Yard Space
Fencing
Fenced
Subdivision
TEMESCAL
Lot features
Front Yard
Standard status
Pending
APN
12996141
Size
2,970 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1908
Flooring type
Wood
Building materials
Stucco
Listing Agency:
RE/MAX Accord · RE/MAX International
(510) 339-4100
Listed By:
Michael Hughey · License #01099878
(510) 915-3235
Added: Jul 10
Changed: Jul 31
Last Checked: Sep 3 at 4:06AM
MLS# 41141269
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 triplex fixer-upper at 4035 Howe St, Oakland, CA 94611 offers a clear residential income configuration with two 2-bedroom units and one 1-bedroom unit. The property includes a fenced yard with front and back yard space, stucco exterior construction, and wood flooring. Parking is supported by tandem off-street parking and an extra-long driveway designed to accommodate multiple vehicles.
Set in Oakland’s Temescal neighborhood, the property is about one block from the Piedmont Avenue shopping and dining district. Temescal Brewery and nearby Mosswood Park are listed nearby, with BART and the Macarthur Corridor described as minutes away for commuting.
On-site services include public water and public sewer. Built in 1908, the home presents an investor or contractor opportunity to restore and reimagine the classic property.
Set in Oakland’s Temescal neighborhood, the property is about one block from the Piedmont Avenue shopping and dining district. Temescal Brewery and nearby Mosswood Park are listed nearby, with BART and the Macarthur Corridor described as minutes away for commuting.
On-site services include public water and public sewer. Built in 1908, the home presents an investor or contractor opportunity to restore and reimagine the classic property.
Key Highlights
- Two 2‑bedroom units plus one 1‑bedroom unit
- Extra‑long driveway with tandem off‑street parking for multiple vehicles
- 0.0918‑acre lot with 2,970 SF property size
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
$54,798
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
6.86%
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%
$1,095,960
$1.1M
Cap Rate 7%
$782,829
$782.8K
Cap Rate 9%
$608,867
$608.9K
Market Conditions
NOI Build-Up for 2,970 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
$82.0K $27.60/SF
− Vacancy
−$3.7K −$1.24/SF
EGI
$78.3K $26.36/SF
− OpEx
−$23.5K −$7.91/SF
NOI
$54.8K $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%
$1,095,960
Cap Rate 7%
$782,829
Cap Rate 9%
$608,867
Alternative Uses
Best Use
Multifamily LT 5
$782.8K
$685.0K – $913.3K
NOI $54,798 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$724.3K
$633.8K – $845.1K
NOI $50,703 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,579 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,864
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex fixer-upper with two 2-bedroom units and one 1-bedroom unit, plus off-street tandem parking.
Where is this triplex located?
The property is located at 4035 Howe St Oakland, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two 2‑bedroom units plus one 1‑bedroom unit; Extra‑long driveway with tandem off‑street parking for multiple vehicles; 0.0918‑acre lot with 2,970 SF property size
