Two-Unit Duplex with Separate
New
For Sale
$1,395,000
6502 Dana Street, Oakland, CA 94609
Residential Income, Oakland, CA
Property Size2,561 SF
Lot Size0.10 Acres
Price / SF$544.71
Days on Market5
Property Features for 6502 Dana Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
1
Parking features
Off Street
Interior features
Storage, Tub w/Shower Over
Exterior features
Back Yard, Front Yard, Garden
Fencing
Partial, Fenced
Appliances
Gas Water Heater
Subdivision
ELMWOOD
Lot features
Front Yard, Garden
Standard status
Active
APN
16141427
Size
2,561 SF
Lot size
0.10 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air
Water source
Public
Building Details
Year built
1908
Flooring type
Carpet - Partial, Linoleum, Hardwood
Building materials
Wood Shingles
Additional Structures
Storage
Listing Agency:
BHG RE Reliance Partners · Better Homes and Gardens Real Estate
(510) 868-1400
Listed By:
Allen Hibbard
(510) 849-7200
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 12 at 6:06PM
MLS# 41146826
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.
This duplex contains 2,561 square feet of total living area arranged as one upstairs residence and one downstairs residence. Each unit includes two bedrooms and one bathroom, creating a clear two-home configuration within the building. Interior features include storage, mixed hardwood, linoleum, and partial carpet flooring, along with gas water heating and a combination of forced-air and wall-furnace heating. The property was built in 1908 and includes wood-shingle construction.
Located at 6502 Dana Street in Oakland, the property offers front and back yards, a garden, partial fencing, off-street parking, public water, public sewer, and cable availability. Its 0.1045-acre lot supports the existing duplex arrangement and provides separate residential spaces suited to owner occupancy, extended living, or rental use.
Located at 6502 Dana Street in Oakland, the property offers front and back yards, a garden, partial fencing, off-street parking, public water, public sewer, and cable availability. Its 0.1045-acre lot supports the existing duplex arrangement and provides separate residential spaces suited to owner occupancy, extended living, or rental use.
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-level residential property with distinct living spaces, private yards, off-street parking, and flexible occupancy options.
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
