Craftsman Quadplex with
For Sale
$1,325,000
6437 Telegraph Ave, Oakland, CA 94609
Residential Income, Oakland, CA
Property Size2,674 SF
Lot Size0.10 Acres
Price / SF$495.51
Days on Market139
Property Features for 6437 Telegraph Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Laundry Room
Parking features
Off Street, Side By Side
Security features
Security
Interior features
Storage, Shower Stall(s), Tub w/Shower Over
Exterior features
Back Yard, Garden/Play, Side Yard, Entry Gate, Garden, Landscape Back, Low Maintenance, Yard Space
Fencing
Fenced, Gate
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
ROCKRIDGE/N.OAK
Lot features
Level, Back Yard, Garden, Landscaped, Private, Security Gate
Standard status
Active
APN
161424192
Size
2,674 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air
Water source
Public
Amenities
on-site laundry
garden
patio
Building Details
Year built
1908
Flooring type
Carpet, Vinyl, Tile, Hardwood
Building materials
Shingle Siding
Additional Structures
Storage
Listing Agency:
The GRUBB Company
(510) 339-0400
Listed By:
Victoria Tseng · License #01977600
(510) 387-7006
Added: May 1
Changed: Sep 16
Last Checked: Sep 16 at 1:06PM
MLS# 41132960
Copyright © 2026 bridgeMLS. 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.
Built in 1908, this four-unit Craftsman property combines original architectural details with practical improvements. The unit mix ranges from studios to a three-bedroom top-floor residence, with individual units measuring between 524 and 970 square feet. Hardwood floors, vintage fireplaces, varied flooring, storage, and on-site laundry add functional and character-rich features. Completed work includes a newer roof, upgraded electrical service, and a reinforced foundation.
The property sits at 6437 Telegraph Ave in Oakland’s Rockridge corridor, with a Walk Score of 94, Bike Score of 100, and Transit Score of 66. Downtown Berkeley is identified as ten minutes by bike or thirteen minutes by transit, while U.C. Berkeley is described as two minutes away. The site includes private parking for three to four cars, gated outdoor areas, and a rear garden with established trees, flowering shrubs, an oversized patio, and a lounge area. Garden access is available from the largest unit through a dedicated stair and from the ground-level garden flat.
The property sits at 6437 Telegraph Ave in Oakland’s Rockridge corridor, with a Walk Score of 94, Bike Score of 100, and Transit Score of 66. Downtown Berkeley is identified as ten minutes by bike or thirteen minutes by transit, while U.C. Berkeley is described as two minutes away. The site includes private parking for three to four cars, gated outdoor areas, and a rear garden with established trees, flowering shrubs, an oversized patio, and a lounge area. Garden access is available from the largest unit through a dedicated stair and from the ground-level garden flat.
Key Highlights
- Four units ranging from 524 to 970 square feet
- Built in 1908 with Craftsman details, hardwood floors, and vintage fireplaces
- Completed improvements include a newer roof, upgraded electrical, and reinforced foundation
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
$61,282
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
4.63%
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%
$1,225,640
$1.2M
Cap Rate 7%
$875,457
$875.5K
Cap Rate 9%
$680,911
$680.9K
Market Conditions
NOI Build-Up for 2,674 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
$91.5K $34.20/SF
− Vacancy
−$3.9K −$1.46/SF
EGI
$87.5K $32.74/SF
− OpEx
−$26.3K −$9.82/SF
NOI
$61.3K $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%
$1,225,640
Cap Rate 7%
$875,457
Cap Rate 9%
$680,911
Alternative Uses
Best Use
Multifamily LT 5
$875.5K
$766.0K – $1.02M
NOI $61,282 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$806.6K
$705.8K – $941.0K
NOI $56,462 @ 7.0% cap · market cap 4.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with original character, private parking, on-site laundry, and completed roof, electrical, and foundation improvements.
Where is this quadplex located?
The property is located at 6437 Telegraph Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Four units ranging from 524 to 970 square feet; Built in 1908 with Craftsman details, hardwood floors, and vintage fireplaces; Completed improvements include a newer roof, upgraded electrical, and reinforced foundation
