Three-Unit Multifamily
For Sale
$675,000
4114 E 17th Street, Oakland, CA 94601
Three-unit Oakland building with individually metered gas and electric and a unit mix ranging from 1BD to 3BD.
Property Size1,726 SF
Lot Size0.05 Acres
Price / SF$391.08
Days on Market84
Property Features for 4114 E 17th Street
General Information
Standard status
Active
Size
1,726 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,880
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(650) 546-1030
Listed By:
Eymon Binesh · License #02060059
(650) 546-1030
Source:
Exitrealty
Added: May 21
Changed: Aug 8
Last Checked: Aug 12 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Built in 1915, this three-unit multifamily property totals approximately 1,726 SF on a 0.05-acre lot. The tenant-ready unit mix includes one 1BD/1BA, one 2BD/1BA, and one 3BD/1BA unit. Utilities are separately metered for gas and electric, with master-metered water, and street parking is available.
The property is described as located in Oakland’s Fruitvale area within a highly walkable neighborhood. It is positioned near International Blvd, Fruitvale Public Market, and Fruitvale BART, with neighborhood retail nearby. The listing also notes convenient access to I-580 and I-880.
For buyers or operators, the property offers a straightforward 3-unit structure with a diversified bedroom mix across the building. With gas and electric individually metered, it can be practical for managing utility responsibility at the unit level while maintaining master-metered water for overall building utility tracking. The unit mix supports a range of household needs, from smaller 1-bedroom setups to larger 3-bedroom occupancy.
The property is described as located in Oakland’s Fruitvale area within a highly walkable neighborhood. It is positioned near International Blvd, Fruitvale Public Market, and Fruitvale BART, with neighborhood retail nearby. The listing also notes convenient access to I-580 and I-880.
For buyers or operators, the property offers a straightforward 3-unit structure with a diversified bedroom mix across the building. With gas and electric individually metered, it can be practical for managing utility responsibility at the unit level while maintaining master-metered water for overall building utility tracking. The unit mix supports a range of household needs, from smaller 1-bedroom setups to larger 3-bedroom occupancy.
Key Highlights
- 3‑unit multifamily in the Fruitvale area, built in 1915
- Approx. 1,726 SF on a 0.05‑acre lot with 100% occupancy
- Unit mix: one 1BD/1BA, one 2BD/1BA, and one 3BD/1BA
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
$39,585
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
5.86%
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%
$791,700
$791.7K
Cap Rate 7%
$565,500
$565.5K
Cap Rate 9%
$439,833
$439.8K
Market Conditions
NOI Build-Up for 1,726 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
$59.0K $34.20/SF
− Vacancy
−$2.5K −$1.44/SF
EGI
$56.5K $32.76/SF
− OpEx
−$17.0K −$9.83/SF
NOI
$39.6K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
Lease Rate
$34.20 /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%
$791,700
Cap Rate 7%
$565,500
Cap Rate 9%
$439,833
Alternative Uses
Best Use
Multifamily LT 5
$565.5K
$494.8K – $659.8K
NOI $39,585 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$525.0K
$459.4K – $612.5K
NOI $36,750 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$703.5K
$615.6K – $820.8K
NOI $49,248 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
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?
Triplex - Three-unit Oakland building with individually metered gas and electric and a unit mix ranging from 1BD to 3BD.
Where is this triplex located?
The property is located at 4114 E 17th Street Oakland, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3‑unit multifamily in the Fruitvale area, built in 1915; Approx. 1,726 SF on a 0.05‑acre lot with 100% occupancy; Unit mix: one 1BD/1BA, one 2BD/1BA, and one 3BD/1BA
