Updated Quadplex With Four
For Sale
$1,750,000
Pending
534 Adams St, Albany, CA 94706
Residential Income, Albany, CA
Property Size4,000 SF
Lot Size0.11 Acres
Days on Market48
Property Features for 534 Adams St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Off Street
Interior features
Updated Baths, Updated Kitchen, Formal Entry, Storage Area(s), Shower Stall(s), Tub w/Shower Over
Exterior features
Side Yard, Low Maintenance
Fencing
Fenced
Appliances
Dryer, Washer
Subdivision
Not Listed
Lot features
Court
Directions
At the foot of Albany Hill - by El Cerrito Plaza
Standard status
Pending
APN
66279813
Size
4,000 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Wood
Roof type
Composition
Additional Structures
Storage
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 283-9200
Listed By:
Kevin Obrien · License #01385083
(925) 595-0422
Added: Aug 30
Changed: Oct 2
Last Checked: Oct 16 at 1:06PM
MLS# 41146684
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1985, this 4,000-square-foot wood-frame property occupies 0.1148 acres and is currently arranged as four separate apartments. The improvements include updated kitchens and bathrooms, newer windows, flooring, and paint, along with central heating and air conditioning. Interior features include formal entry areas, storage, shower stalls, tubs with shower surrounds, vinyl and carpet flooring, and washer and dryer appliances. The property also offers fenced outdoor space, a side yard, low-maintenance grounds, off-street parking, public water, and public sewer.
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 nearby, and AC Transit service is less than a block from the property. Highway 80 can be reached in a few minutes. As an alternate housing configuration, the source information describes the potential for 12 bedrooms and 6-1/2 bathrooms with a central kitchen and dining room. The rental 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 nearby, and AC Transit service is less than a block from the property. Highway 80 can be reached in a few minutes. As an alternate housing configuration, the source information describes the potential for 12 bedrooms and 6-1/2 bathrooms with a central kitchen and dining room. The rental pro forma indicates a 5.1% cap rate and 12.7 GRM.
Key Highlights
- 4,000 square feet on a 0.1148‑acre lot
- Currently configured as 4 separate apartments
- 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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Wood-frame multifamily property with refreshed kitchens, baths, flooring, paint, and windows in a transit-served Albany setting.
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 feet on a 0.1148‑acre lot; Currently configured as 4 separate apartments; Pro forma indicates a 5.1% cap rate and 12.7 GRM
