Two-Level Duplex
New
For Sale
$1,395,000
6502 Dana Street, Oakland, CA 94609
Separate upper and lower residences support flexible occupancy and rental arrangements.
Property Size2,561 SF
Price / SF$544.71
Days on Market7
Property Features for 6502 Dana Street
General Information
Standard status
Active
Size
2,561 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,561 SF
Year Built
1908
Stories
2
Listing Agency:
BHG RE Reliance Partners
Listed By:
Allen Hibbard
(510) 849-7200
Source:
Annnewtoncane
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 6 at 10:01AM
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 BHG RE Reliance Partners
Investment Insights
Based on property information with market context.
This duplex contains 2,561 square feet of total living area arranged as two independent residences. The property includes one upper-level unit and one lower-level unit, with each residence offering 2 bedrooms and 1 bathroom. Built in 1908, the configuration provides physical separation between the homes while maintaining a straightforward two-unit layout.
The property is located in Oakland near freeway connections, shopping, restaurants, and everyday services. Its placement provides access to the surrounding Oakland area and regional destinations.
The property is located in Oakland near freeway connections, shopping, restaurants, and everyday services. Its placement provides access to the surrounding Oakland area and regional destinations.
Key Highlights
- 2,561 square feet of total living space
- Two units, each with 2 bedrooms and 1 bathroom
- One upstairs residence and one downstairs residence
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
$58,692
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
4.21%
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%
$1,173,840
$1.2M
Cap Rate 7%
$838,457
$838.5K
Cap Rate 9%
$652,133
$652.1K
Market Conditions
NOI Build-Up for 2,561 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
$87.6K $34.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$83.8K $32.74/SF
− OpEx
−$25.2K −$9.82/SF
NOI
$58.7K $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%
$1,173,840
Cap Rate 7%
$838,457
Cap Rate 9%
$652,133
Alternative Uses
Best Use
Multifamily LT 5
$838.5K
$733.7K – $978.2K
NOI $58,692 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$772.5K
$676.0K – $901.3K
NOI $54,076 @ 7.0% cap · market cap 3.88%
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
3,823
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
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 - Separate upper and lower residences support flexible occupancy and rental arrangements.
Where is this duplex located?
The property is located at 6502 Dana Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 2,561 square feet of total living space; Two units, each with 2 bedrooms and 1 bathroom; One upstairs residence and one downstairs residence
