Quadplex with Private
For Sale
$1,350,000
Pending
5154 Shafter Ave, Oakland, CA 94618
MULTI_FAMILY - Oakland, CA
Property Size2,098 SF
Lot Size0.19 Acres
Days on Market52
Property Features for 5154 Shafter Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-4
Bedrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Covered
Exterior features
Back Yard, Yard Space
Fencing
Fenced
Subdivision
ROCK BRIDGE
Lot features
Back Yard, Garden
Standard status
Pending
APN
14123428
Size
2,098 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas
Water source
Public
Amenities
private decks
in-unit laundry
private yards
Building Details
Year built
1940
Flooring type
Tile, Vinyl, Hardwood
Building materials
Frame, Wood Siding
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Added: Jun 12
Changed: Jul 31
Last Checked: Aug 2 at 9:06AM
MLS# 41138202
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 quadplex consists of three structures totaling four one-bedroom units. The layout is campus-style, pairing a 1940 stucco duplex with two detached cottages from the 1910s and 1880s, with separation that feels more like standalone homes than apartments. Each unit includes private decks and in-unit laundry. The two rear cottages provide additional parking and private yard space. Fenced outdoor areas and covered parking are included, and the property is served by public water and public sewer.
Three units are currently leased, and the fourth cottage will be delivered vacant, offering flexibility for a new tenant, repositioning, or owner-occupancy. Tenants pay their own gas and electric. The property sits between Temescal and Rockridge, about 0.6 miles from Rockridge BART.
Built in 1940 and positioned on a 0.1919-acre lot, the quadplex is zoned RM-4 and offers a detached-homes feel with private outdoor space for each one-bedroom unit.
Three units are currently leased, and the fourth cottage will be delivered vacant, offering flexibility for a new tenant, repositioning, or owner-occupancy. Tenants pay their own gas and electric. The property sits between Temescal and Rockridge, about 0.6 miles from Rockridge BART.
Built in 1940 and positioned on a 0.1919-acre lot, the quadplex is zoned RM-4 and offers a detached-homes feel with private outdoor space for each one-bedroom unit.
Key Highlights
- Four one‑bedroom units across three structures campus‑style layout
- Private decks and in‑unit laundry in every unit
- 3 units currently leased; 1 cottage delivered vacant
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.8k | $34.20 |
| − Vacancy | −$3.1k | −$1.46 |
| EGI | $68.7k | $32.74 |
| − OpEx | −$20.6k | −$9.82 |
| NOI | $48.1k | $22.92 |
2,098 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$686.9K
$601.0K – $801.4K
NOI $48,081 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$632.8K
$553.7K – $738.3K
NOI $44,299 @ 7.0% cap · market cap 3.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,884
Businesses Nearby
Explore this area
Business Placement
Demographics for 94618, CA
16,946
Population
7,873
Households
2.2
Avg Household Size
43
Median Age
86%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,061
Density / Sq Mi
$205,552
Median Household Income
$119,347
Median Earnings
$2,742
Median Rent
$1,789,100
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?
Quadplex - Four one-bedroom units feature private decks and in-unit laundry, zoned RM-4 with three currently leased.
Where is this quadplex located?
The property is located at 5154 Shafter Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four one‑bedroom units across three structures campus‑style layout; Private decks and in‑unit laundry in every unit; 3 units currently leased; 1 cottage delivered vacant
