Renovated Duplex with
For Sale
$775,000
Pending
523 25Th St, Oakland, CA 94612
Residential Income, Oakland, CA
Property Size2,985 SF
Lot Size0.14 Acres
Days on Market49
Property Features for 523 25Th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Rooms
Laundry Room, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Basement, Bedroom 7
Parking
3
Parking features
Off Street, Garage, Guest, Side By Side
Interior features
Updated Kitchen
Exterior features
Front Yard, Entry Gate, Garden, Landscape Back, Landscape Front, Low Maintenance, Yard Space
Fencing
Gate, Fenced
Fireplace
1
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
NORTH OAKLAND
Lot features
Level, Rectangular Lot, Back Yard, Security Gate
View
City
Special listing conditions
Auction
Standard status
Pending
APN
867546
Size
2,985 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
in-unit laundry
partial basement
garage
backyard patio and garden
Building Details
Year built
1904
Flooring type
Wood, Tile, Vinyl, Engineered
Building materials
Wood Siding, Wood
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Kerri Naslund-Monday · License #01759031
(510) 409-4966
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 26 at 11:06PM
MLS# 41141100
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 2,985-square-foot duplex contains two updated residences with distinct layouts. The upper unit provides 3 bedrooms and 2 full bathrooms, along with connected living and dining areas, a remodeled kitchen with stainless steel appliances, and in-unit laundry. The lower unit includes 4 bedrooms and 1.5 bathrooms, larger living areas, refinished hardwood flooring, refreshed lighting, stainless steel appliances, laundry, and access to the rear patio and garden.
Property improvements include a newer roof, updated electrical systems, dual-pane windows, new flooring, low-maintenance landscaping, and separate utility meters. A partial basement and attached front-entry garage add storage and flexible work or hobby space. The 0.1395-acre lot also includes gated and fenced outdoor areas, while public water and sewer serve the property.
The duplex is located near Whole Foods, New Parkway Theater, the Fox and Paramount Theatres, Lake Merritt, restaurants, shopping, public transit, and freeway access. Built in 1904, the property combines historic construction with extensive recent updates.
Property improvements include a newer roof, updated electrical systems, dual-pane windows, new flooring, low-maintenance landscaping, and separate utility meters. A partial basement and attached front-entry garage add storage and flexible work or hobby space. The 0.1395-acre lot also includes gated and fenced outdoor areas, while public water and sewer serve the property.
The duplex is located near Whole Foods, New Parkway Theater, the Fox and Paramount Theatres, Lake Merritt, restaurants, shopping, public transit, and freeway access. Built in 1904, the property combines historic construction with extensive recent updates.
Key Highlights
- Two‑unit duplex with 2,985 square feet of building area
- Upper residence includes 3 bedrooms and 2 full bathrooms
- Lower residence includes 4 bedrooms and 1.5 bathrooms
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
$68,410
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
8.83%
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%
$1,368,200
$1.4M
Cap Rate 7%
$977,286
$977.3K
Cap Rate 9%
$760,111
$760.1K
Market Conditions
NOI Build-Up for 2,985 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
$102.1K $34.20/SF
− Vacancy
−$4.4K −$1.46/SF
EGI
$97.7K $32.74/SF
− OpEx
−$29.3K −$9.82/SF
NOI
$68.4K $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%
$1,368,200
Cap Rate 7%
$977,286
Cap Rate 9%
$760,111
Alternative Uses
Best Use
Multifamily LT 5
$977.3K
$855.1K – $1.14M
NOI $68,410 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$900.4K
$787.9K – $1.05M
NOI $63,028 @ 7.0% cap · market cap 8.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 94612, CA
19,773
Population
11,928
Households
1.7
Avg Household Size
38
Median Age
54%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
19,773
Density / Sq Mi
$77,069
Median Household Income
$70,221
Median Earnings
$1,936
Median Rent
$814,000
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?
Duplex - Two separate residences offer updated interiors, private laundry, outdoor space, and flexible storage or workspace options.
Where is this duplex located?
The property is located at 523 25Th 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: Two‑unit duplex with 2,985 square feet of building area; Upper residence includes 3 bedrooms and 2 full bathrooms; Lower residence includes 4 bedrooms and 1.5 bathrooms
