Fully Occupied Triplex With
615 Jackson St Albany, CA 94706
For Sale
$1,200,000
Pending
MULTI_FAMILY - Albany, CA
Property Size3,240 SF
Lot Size0.12 Acres
Days on Market38
Property Features for 615 Jackson St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
6
Rooms
Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 6, Bedroom 1, Bathroom 5, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 5
Exterior features
Back Yard
Fencing
Partial
Appliances
Dryer, Washer
Standard status
Pending
APN
662757332
Size
3,240 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1966
Number of units
3
Flooring type
Carpet, Laminate, Linoleum
Building materials
Stucco
Roof type
Tar/Gravel
Listing Agency:
Golden Gate Sotheby's Int'l Re
(510) 542-2600
Listed By:
Steven Bailey
(510) 725-1948
Added: Jun 23
Changed: Jul 29
Last Checked: Jul 30 at 4:06AM
MLS# 41139305
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 Albany triplex is fully occupied and features two identical two-bedroom, two-bath units along with a third unit offering three bedrooms and two baths. The property also includes downstairs storage and a large backyard, which may support development of a fourth unit or ADU from the storage area into the yard.
The home is described as having views of the towns below and the Berkeley Hills. It is positioned within walking distance to Albany schools and shopping on Solano and San Pablo Avenues, and it is also within walking distance to the El Cerrito BART/Plaza. The Cerrito/Little Hill Park entry is noted as being right up the street.
From a practical layout standpoint, the existing configuration provides a mix of two-bedroom and three-bedroom income units within a single triplex structure.
The home is described as having views of the towns below and the Berkeley Hills. It is positioned within walking distance to Albany schools and shopping on Solano and San Pablo Avenues, and it is also within walking distance to the El Cerrito BART/Plaza. The Cerrito/Little Hill Park entry is noted as being right up the street.
From a practical layout standpoint, the existing configuration provides a mix of two-bedroom and three-bedroom income units within a single triplex structure.
Key Highlights
- Albany triplex with two identical 2 bed, 2 bath units and one 3 bed, 2 bath unit, all fully occupied
- Built in 1966 with stucco exterior and tar/gravel roof
- Public water and public sewer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.2k | $51.00 |
| − Vacancy | −$9.9k | −$3.05 |
| EGI | $155.4k | $47.95 |
| − OpEx | −$46.6k | −$14.39 |
| NOI | $108.8k | $33.57 |
3,240 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,751 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$670.5K
$586.7K – $782.3K
NOI $46,935 @ 7.0% cap · market cap 3.91%
Theoretical Best
Retail
$14.77M
$12.92M – $17.23M
NOI $1,033,970 @ 7.0% cap · market cap 86.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex includes two identical two-bedroom, two-bath units and one three-bedroom, two-bath unit.
Where is this triplex located?
The property is located at 615 Jackson St Albany, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Albany triplex with two identical 2 bed, 2 bath units and one 3 bed, 2 bath unit, all fully occupied; Built in 1966 with stucco exterior and tar/gravel roof; Public water and public sewer
