Two-Unit Duplex with Carport
For Sale
$420,000
6230 Hayes St, Oakland, CA 94621
Vacant delivery supports flexible owner-occupancy or rental use in Oakland near BART, freeways, shopping, and daily amenities.
Property Size1,501 SF
Days on Market196
Property Features for 6230 Hayes St
General Information
Standard status
Active
Size
1,501 SF
Total Parking Spaces
4
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
fixer
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
Wall Furnace
No Air Conditioning
Building Details
Building Size
1,501 SF
Year Built
1959
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Susan Jones · License #01186643
(510) 393-8368
Source:
Kw
Added: Feb 24
Changed: Sep 7
Last Checked: Sep 7 at 7:14PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,501-square-foot duplex in Oakland contains two separate residences: one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. Built in 1959, the property is offered as a fixer for renovation and customization. Each residence includes carport parking for two cars.
Both units may be delivered vacant, allowing an owner to occupy one residence while using the other for rental purposes, or to prepare both for income-producing use. The property is located near BART, major freeways, shopping, and everyday amenities, providing access to established transportation and retail conveniences.
Both units may be delivered vacant, allowing an owner to occupy one residence while using the other for rental purposes, or to prepare both for income-producing use. The property is located near BART, major freeways, shopping, and everyday amenities, providing access to established transportation and retail conveniences.
Key Highlights
- Two‑unit duplex with one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
- 1,501 SF property built in 1959
- Both units can be delivered vacant
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
$34,400
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
8.19%
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%
$688,000
$688.0K
Cap Rate 7%
$491,429
$491.4K
Cap Rate 9%
$382,222
$382.2K
Market Conditions
NOI Build-Up for 1,501 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
$51.3K $34.20/SF
− Vacancy
−$2.2K −$1.46/SF
EGI
$49.1K $32.74/SF
− OpEx
−$14.7K −$9.82/SF
NOI
$34.4K $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%
$688,000
Cap Rate 7%
$491,429
Cap Rate 9%
$382,222
Alternative Uses
Best Use
Multifamily LT 5
$491.4K
$430.0K – $573.3K
NOI $34,400 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 7.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
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?
Duplex - Vacant delivery supports flexible owner-occupancy or rental use in Oakland near BART, freeways, shopping, and daily amenities.
Where is this duplex located?
The property is located at 6230 Hayes St Oakland, CA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit; 1,501 SF property built in 1959; Both units can be delivered vacant
