Triplex with Yard
New
For Sale
$1,100,000
5441-5445 Bancroft, Oakland, CA 94601
Residential Income, Oakland, CA
Property Size2,402 SF
Lot Size0.11 Acres
Price / SF$457.95
Days on Market6
Property Features for 5441-5445 Bancroft
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 3
Parking features
Parking Lot
Interior features
Storage
Exterior features
Low Maintenance, Yard Space
Subdivision
E Oakland
Lot features
Back Yard
Directions
Bancroft..
Standard status
Active
APN
0352392028
Size
2,402 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1946
Number of units
3
Flooring type
Laminate
Building materials
Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Realty One Group Elite
(925) 978-1100
Listed By:
Wilfredo Cuevas · License #02075597
(925) 395-8026
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 7:06AM
MLS# 41146027
Copyright © 2026 Contra Costa Association of REALTORS®. 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 2,402-square-foot triplex was built in 1946 on a 0.1102-acre parcel. The property includes three units, storage, yard space, and a parking lot, with stucco construction and a shingle roof. Interior features include laminate flooring and wall-furnace heating.
Public water and sewer serve the property. The room count includes six bedrooms and three bathrooms, providing a multi-unit residential configuration with existing common and private spaces. The property is located in Oakland, California, within ZIP Code 94601.
Public water and sewer serve the property. The room count includes six bedrooms and three bathrooms, providing a multi-unit residential configuration with existing common and private spaces. The property is located in Oakland, California, within ZIP Code 94601.
Key Highlights
- Three‑unit multifamily property totaling 2,402 square feet
- Built in 1946 on a 0.1102‑acre parcel
- Six bedrooms and three 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
$55,089
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
5.01%
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%
$1,101,780
$1.1M
Cap Rate 7%
$786,986
$787.0K
Cap Rate 9%
$612,100
$612.1K
Market Conditions
NOI Build-Up for 2,402 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
$82.1K $34.20/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$78.7K $32.76/SF
− OpEx
−$23.6K −$9.83/SF
NOI
$55.1K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
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%
$1,101,780
Cap Rate 7%
$786,986
Cap Rate 9%
$612,100
Alternative Uses
Best Use
Multifamily LT 5
$787.0K
$688.6K – $918.2K
NOI $55,089 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$730.6K
$639.3K – $852.4K
NOI $51,143 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$979.1K
$856.7K – $1.14M
NOI $68,536 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
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?
Triplex - Three-unit multifamily property with on-site parking, storage, and a low-maintenance exterior.
Where is this triplex located?
The property is located at 5441-5445 Bancroft Oakland, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑unit multifamily property totaling 2,402 square feet; Built in 1946 on a 0.1102‑acre parcel; Six bedrooms and three bathrooms
