Remodeled Four-Unit Apartment
517 Stannage Ave, Albany, CA 94706
For Sale
$1,630,000
Two-story Albany property with upgraded kitchens, individual utility metering, and access to nearby transit and retail services.
Property Size3,452 SF
Lot Size0.12 Acres
Price / SF$472.19
Days on Market186
Property Features for 517 Stannage Ave
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
No Air Conditioning
Wall Furnace
Natural Gas
Forced Air
Gas Water Heater
Garden, All Utilities, Internet Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Oakland
Listed By:
Nat Reinke · License #DRE
(415) 710-7284
Source:
Kw
Added: May 8
Changed: Nov 8
Last Checked: Nov 8 at 8:50AM
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 Oakland
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Investment Insights
Based on property information with market context.
This two-story quadplex contains approximately 3,452 square feet on a 5,151-square-foot lot and includes four two-bedroom, one-bath apartments of approximately 863 square feet each. The wood-frame building has a stucco exterior, hardwood flooring in much of the living area, carpeted bedrooms, and bathrooms with tile floors, vanities, wall-mounted cabinets, and tub surrounds. Most apartments have received substantial updates, including granite countertops, new cabinetry, appliances, and designer light fixtures. One two-bedroom unit is being held vacant for potential owner use.
The property is located at 517 Stannage Ave in Albany, one block from El Cerrito Plaza, approximately half a mile from El Cerrito BART, and three blocks from Solano Avenue. Building systems include wall furnaces, forced air, a gas water heater, natural gas service, and no air conditioning. Exterior features include a garden, internet availability, all utilities, and individual electric and gas meters.
The property is located at 517 Stannage Ave in Albany, one block from El Cerrito Plaza, approximately half a mile from El Cerrito BART, and three blocks from Solano Avenue. Building systems include wall furnaces, forced air, a gas water heater, natural gas service, and no air conditioning. Exterior features include a garden, internet availability, all utilities, and individual electric and gas meters.
Key Highlights
- Four two‑bedroom, one‑bath units, each estimated at 863 square feet
- Approximately 3,452 square feet on a 5,151‑square‑foot lot
- Most units substantially remodeled with upgraded kitchens and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,101
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,020
$1.2M
Cap Rate 7%
$844,300
$844.3K
Cap Rate 9%
$656,678
$656.7K
Market Conditions
NOI Build-Up for 3,452 SF
Gross rent
$89.1K $25.80/SF
− Vacancy
−$4.6K −$1.34/SF
EGI
$84.4K $24.46/SF
− OpEx
−$25.3K −$7.34/SF
NOI
$59.1K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,020
Cap Rate 7%
$844,300
Cap Rate 9%
$656,678
Alternative Uses
Best Use
Multifamily LT 5
$844.3K
$738.8K – $985.0K
NOI $59,101 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$783.9K
$685.9K – $914.6K
NOI $54,875 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,340 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,346
Businesses Nearby
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Business Placement
Demographics for 94706, CA
21,134
Population
8,386
Households
2.5
Avg Household Size
37
Median Age
77%
College-Educated
97%
High-School Grad
1.5 sq mi
ZIP Area
14,089
Density / Sq Mi
$136,961
Median Household Income
$75,849
Median Earnings
$2,394
Median Rent
$1,188,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Contra Costa County, CA
Properties on Market for Quadplexes in Contra Costa County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story Albany property with upgraded kitchens, individual utility metering, and access to nearby transit and retail services.
Where is this quadplex located?
The property is located at 517 Stannage Ave Albany, CA.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units, each estimated at 863 square feet; Approximately 3,452 square feet on a 5,151‑square‑foot lot; Most units substantially remodeled with upgraded kitchens and new appliances
