Victorian Duplex with Two
617 Fallon St Oakland, CA 94607
617 Fallon St, Oakland, CA, 94607
$575,000
For Sale
$575,000
Victorian duplex offering an upper unit with soaring 12-foot ceilings and a lower unit completed within the past five years.
Property Size2,035 SF
Price / SF$282.56
Days on Market87
Property Features for 617 Fallon St
General Information
- Standard status
- Active
- Size
- 2,035 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1896
Listing agency
Kees Realty, Inc.
(510) 719-6223
Listed by
Howard Kees · License #01129858
(510) 719-6223
Source
Exitrealty
Added: Apr 28 Updated: Jul 21 at 9:15PM Checked: Jul 22 at 8:14AM
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 Kees Realty, Inc.
Investment Insights
Based on property information with market context.
This Victorian duplex presents two distinct residences with separate living layouts. The upper unit features soaring 12-foot ceilings, original hardwood floors, traditional Victorian character, and offers 3+ bedrooms and 2.5 bathrooms, along with a bonus room and deck. The downstairs unit was completed less than 5 years ago and includes 2 bedrooms and 1 bathroom, with room to expand.
The property is located about two blocks from Lake Merritt BART and is steps from Jack London Square, Chinatown, and Downtown Oakland, with nearby dining and entertainment options. Commuter access is available via highway and public transportation.
With a combination of period details in the upper unit and newer construction in the lower unit, the duplex offers a practical configuration for an owner-occupant or investor looking to maximize value through the existing two-unit setup.
The property is located about two blocks from Lake Merritt BART and is steps from Jack London Square, Chinatown, and Downtown Oakland, with nearby dining and entertainment options. Commuter access is available via highway and public transportation.
With a combination of period details in the upper unit and newer construction in the lower unit, the duplex offers a practical configuration for an owner-occupant or investor looking to maximize value through the existing two-unit setup.
Key Highlights
- 1896‑built Victorian duplex with two separate units
- Upper unit features soaring 12‑foot ceilings and original hardwood floors
- Upper unit offers 3+ bedrooms, 2.5 bathrooms, plus a bonus room and deck
Local 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 | $69.6k | $34.20 |
| − Vacancy | −$3.0k | −$1.46 |
| EGI | $66.6k | $32.74 |
| − OpEx | −$20.0k | −$9.82 |
| NOI | $46.6k | $22.92 |
2,035 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$666.3K
$583.0K – $777.3K
NOI $46,638 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$613.8K
$537.1K – $716.2K
NOI $42,969 @ 7.0% cap · market cap 7.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Victorian duplex offering an upper unit with soaring 12-foot ceilings and a lower unit completed within the past five years.
Where is this duplex located?
The property is located at 617 Fallon St Oakland, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1896‑built Victorian duplex with two separate units; Upper unit features soaring 12‑foot ceilings and original hardwood floors; Upper unit offers 3+ bedrooms, 2.5 bathrooms, plus a bonus room and deck
