Two-Unit
For Sale
$599,000
611 Harrison Street, Oakland, CA 94607
Separate living areas support rental use, multi-generational living, or owner occupancy.
Property Size2,228 SF
Lot Size0.05 Acres
Price / SF$268.85
Days on Market12
Property Features for 611 Harrison Street
General Information
Standard status
Active
Size
2,228 SF
Lot size
0.05 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Building Size
2,228 SF
Year Built
1906
Buildings
1
Tenancy
Multi
Listing Agency:
Reza Khan, Broker
(408) 457-4115
Listed By:
Reza Khan · License #01880118
(408) 457-4115
Source:
Coastandcore
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 10 at 9:32AM
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 Reza Khan, Broker
Investment Insights
Based on property information with market context.
This two-unit residential income property at 611-613 Harrison Street includes approximately 2,228 square feet of living space on a 2,250-square-foot lot. Built in 1906, the duplex provides separate living areas for flexible occupancy arrangements, including rental use, multi-generational living, or an owner-occupied setup.
The property is in Oakland with access to Jack London Square, Chinatown, Downtown Oakland, Lake Merritt, BART, AC Transit, Interstate 880, Interstate 980, and the Bay Bridge. Restaurants, shopping, entertainment, and major Bay Area employment centers are also identified within the surrounding urban area.
The property is in Oakland with access to Jack London Square, Chinatown, Downtown Oakland, Lake Merritt, BART, AC Transit, Interstate 880, Interstate 980, and the Bay Bridge. Restaurants, shopping, entertainment, and major Bay Area employment centers are also identified within the surrounding urban area.
Key Highlights
- Two‑unit duplex at 611‑613 Harrison Street, Oakland
- Approximately 2,228 square feet of living space
- 2,250‑square‑foot lot
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
$51,061
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
8.52%
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%
$1,021,220
$1.0M
Cap Rate 7%
$729,443
$729.4K
Cap Rate 9%
$567,344
$567.3K
Market Conditions
NOI Build-Up for 2,228 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
$76.2K $34.20/SF
− Vacancy
−$3.3K −$1.46/SF
EGI
$72.9K $32.74/SF
− OpEx
−$21.9K −$9.82/SF
NOI
$51.1K $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%
$1,021,220
Cap Rate 7%
$729,443
Cap Rate 9%
$567,344
Alternative Uses
Best Use
Multifamily LT 5
$729.4K
$638.3K – $851.0K
NOI $51,061 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$672.1K
$588.1K – $784.1K
NOI $47,044 @ 7.0% cap · market cap 7.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas support rental use, multi-generational living, or owner occupancy.
Where is this duplex located?
The property is located at 611 Harrison Street Oakland, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex at 611‑613 Harrison Street, Oakland; Approximately 2,228 square feet of living space; 2,250‑square‑foot lot
