Updated Quadplex Near
For Sale
$1,750,000
Pending
534 Adams St, Albany, CA 94706
Four apartment units feature refreshed interiors and access to shopping, transit, schools, trails, and regional highways.
Property Size4,000 SF
Days on Market49
Property Features for 534 Adams St
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$1,750,000
Multifamily Units
4
Building Details
Building Size
4,000 SF
Year Built
1985
Listing Agency:
RE/MAX Accord
Listed By:
Kevin Obrien · License #01385083
(925) 595-0422
Source:
Remaxaccord
Added: Aug 30
Changed: Oct 8
Last Checked: Oct 16 at 4:18PM
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 RE/MAX Accord
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Investment Insights
Based on property information with market context.
This 4,000-square-foot quadplex, built in 1985, is arranged as four separate apartments. Recent improvements include newer windows, flooring, paint, kitchens, and bathrooms, with the property described as move-in ready. The current configuration supports rental use, while the information provided also outlines a possible conversion to shared non-profit housing with 12 bedrooms and 6.5 bathrooms.
The property is located at 534 Adams St in Albany, across from El Cerrito Plaza and a few blocks from BART. Albany High School is 6 or 8 blocks away, Albany Hill and hiking are immediately nearby, and Highway 80 can be reached within a few minutes. AC Transit service is less than a block away. The property has a Walk Score of 96, a Bike Score of 98, and a Transit Score of 58. A pro forma indicates a 5.1% cap rate and 12.7 GRM.
The property is located at 534 Adams St in Albany, across from El Cerrito Plaza and a few blocks from BART. Albany High School is 6 or 8 blocks away, Albany Hill and hiking are immediately nearby, and Highway 80 can be reached within a few minutes. AC Transit service is less than a block away. The property has a Walk Score of 96, a Bike Score of 98, and a Transit Score of 58. A pro forma indicates a 5.1% cap rate and 12.7 GRM.
Key Highlights
- 4,000‑square‑foot property configured as 4 separate apartments
- Built in 1985 with newer windows, flooring, paint, kitchens, and bathrooms
- Pro forma indicates a 5.1% cap rate and 12.7 GRM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,484
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,680
$1.4M
Cap Rate 7%
$978,343
$978.3K
Cap Rate 9%
$760,933
$760.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$103.2K $25.80/SF
− Vacancy
−$5.4K −$1.34/SF
EGI
$97.8K $24.46/SF
− OpEx
−$29.4K −$7.34/SF
NOI
$68.5K $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%
$1,369,680
Cap Rate 7%
$978,343
Cap Rate 9%
$760,933
Alternative Uses
Best Use
Multifamily LT 5
$978.3K
$856.1K – $1.14M
NOI $68,484 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$908.4K
$794.8K – $1.06M
NOI $63,586 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,177
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartment units feature refreshed interiors and access to shopping, transit, schools, trails, and regional highways.
Where is this quadplex located?
The property is located at 534 Adams St Albany, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 4,000‑square‑foot property configured as 4 separate apartments; Built in 1985 with newer windows, flooring, paint, kitchens, and bathrooms; Pro forma indicates a 5.1% cap rate and 12.7 GRM
