Townhome-Style Duplex with
For Sale
$775,000
Pending
4135-4137 West St, Oakland, CA 94608
Residential Income, Oakland, CA
Property Size1,824 SF
Lot Size0.09 Acres
Days on Market220
Property Features for 4135-4137 West St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Off Street
Interior features
Storage Area(s), Tub w/Shower Over
Exterior features
Front Yard, Storage, Landscape Front
Fencing
Partial
Subdivision
Longfellow
Lot features
Front Yard, Landscaped
Standard status
Pending
Size
1,824 SF
Lot size
0.09 Acres
Utilities
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
off-street parking
enclosed front yard
separate entrances
large rear yard
Building Details
Year built
1945
Number of units
2
Flooring type
Vinyl, Carpet - Partial
Building materials
Vinyl Siding
Roof type
Tile
Additional Structures
Storage
Listing Agency:
Security Pacific Real Estate
(510) 222-8340
Listed By:
Erica Mackie · License #01409661
(510) 754-3405
Added: Feb 17
Changed: Sep 16
Last Checked: Sep 25 at 5:06AM
MLS# 41124234
Copyright © 2026 Contra Costa Association of REALTORS®. 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 1,824-square-foot duplex on a 0.0894-acre lot contains two townhome-style residences, each with two bedrooms and one bathroom. Built in 1945, the property has separate entrances, partial carpet and vinyl flooring, electric heating, ceiling fans, storage areas, off-street parking, and a tile roof. One residence has been updated and is move-in ready, while the other is tenant occupied.
The property includes an enclosed front yard, landscaped frontage, and a large rear yard identified for a possible ADU addition. Located near the Oakland–Emeryville border, it is within a short walk of BART and minutes from major freeways, the Bay Bridge, public transit, Emeryville’s Bay Street shopping and dining, and PIXAR.
The property includes an enclosed front yard, landscaped frontage, and a large rear yard identified for a possible ADU addition. Located near the Oakland–Emeryville border, it is within a short walk of BART and minutes from major freeways, the Bay Bridge, public transit, Emeryville’s Bay Street shopping and dining, and PIXAR.
Key Highlights
- 4135‑4137 West St, Oakland, CA 94608
- 1,824 square feet on a 0.0894‑acre lot
- Two units, each with 2 bedrooms and 1 bathroom
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
$41,802
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
5.39%
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%
$836,040
$836.0K
Cap Rate 7%
$597,171
$597.2K
Cap Rate 9%
$464,467
$464.5K
Market Conditions
NOI Build-Up for 1,824 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
$62.4K $34.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$59.7K $32.74/SF
− OpEx
−$17.9K −$9.82/SF
NOI
$41.8K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
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%
$836,040
Cap Rate 7%
$597,171
Cap Rate 9%
$464,467
Alternative Uses
Best Use
Multifamily LT 5
$597.2K
$522.5K – $696.7K
NOI $41,802 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$550.2K
$481.4K – $641.9K
NOI $38,514 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered residences include one updated unit and one occupied unit generating rental income.
Where is this duplex located?
The property is located at 4135-4137 West St Oakland, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4135‑4137 West St, Oakland, CA 94608; 1,824 square feet on a 0.0894‑acre lot; Two units, each with 2 bedrooms and 1 bathroom
