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Two-Unit Duplex with Garages
For Sale
$999,000

4131 Howe St, Oakland, CA 94611

Both residences have laundry hookups, a bonus room, and a dedicated garage space.

Property Size2,272 SF
Price / SF$439.70
Days on Market24

Property Features for 4131 Howe St

General Information

Standard status Active
Size 2,272 SF
Total Parking Spaces 2
Property subtype Residential Income
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,613

Amenities

washer and dryer hookups

Building Details

Buildings 1
Tenancy Multi
Listing Agency: KW Bay Area Estates
Listed By: Spencer Yuan · License #01522071
Source: Exprealty
Added: Sep 24 Changed: Oct 8 Last Checked: Oct 16 at 11:50AM

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 KW Bay Area Estates

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Investment Insights

Based on property information with market context.

The 2,272-square-foot duplex contains two residences, one on each level. Each has two bedrooms, one bathroom, a bonus room or den, and washer and dryer hookups. An attached two-car garage provides one space for each residence. The property is occupied, and tenants are to remain; the sale is in as-is condition.

The property is near shops, restaurants, and daily services along Piedmont Avenue, with access to Kaiser Permanente, Temescal, Rockridge, Highway 580, and nearby BART.

Key Highlights

  • 2,272 square feet with two residences
  • Each residence has 2 bedrooms, 1 bathroom, and a bonus room or den
  • Attached two‑car garage, with one space allocated to each residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$41,920
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,400 $838.4K
Cap Rate 7%
$598,857 $598.9K
Cap Rate 9%
$465,778 $465.8K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$62.7K $27.60/SF
− Vacancy
−$2.8K −$1.24/SF
EGI
$59.9K $26.36/SF
− OpEx
−$18.0K −$7.91/SF
NOI
$41.9K $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%
$838,400
Cap Rate 7%
$598,857
Cap Rate 9%
$465,778

Alternative Uses

Best Use
Multifamily LT 5
$598.9K
$524.0K – $698.7K (±1% cap)
NOI $41,920 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$554.1K
$484.8K – $646.5K (±1% cap)
NOI $38,787 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$957.1K
$837.5K – $1.12M (±1% cap)
NOI $66,997 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Home Appliance Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,864
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences have laundry hookups, a bonus room, and a dedicated garage space.
Where is this duplex located?
The property is located at 4131 Howe St Oakland, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,272 square feet with two residences; Each residence has 2 bedrooms, 1 bathroom, and a bonus room or den; Attached two‑car garage, with one space allocated to each residence
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