Detached Four-Unit
For Sale
$1,310,000
Pending
712 56Th St, Oakland, CA 94609
Residential Income, Oakland, CA
Property Size2,840 SF
Lot Size0.13 Acres
Days on Market49
Property Features for 712 56Th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 8, Basement, Bedroom 3
Parking
4
Parking features
Garage
Exterior features
Yard Space
Appliances
Dryer, Washer
Subdivision
NORTH OAKLAND
Lot features
Corner Lot, Level, Front Yard
High school district
Oakland (510) 879-8111
Standard status
Pending
APN
1412105
Size
2,840 SF
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
washer and dryer
Building Details
Year built
1935
Building materials
Stucco
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Stephanie Christmas · License #01308253
(510) 461-4663
Added: Jul 30
Changed: Sep 16
Last Checked: Sep 16 at 3:06PM
MLS# 41143309
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 quadplex comprises four detached residences totaling 2,840 square feet on a 5,610-square-foot lot. Three homes include two bedrooms and one bathroom, while the fourth has two bedrooms and two bathrooms. Each dwelling includes a one-car garage, washer, and dryer. The improvements were built in 1935 and feature stucco exteriors, wall furnaces, yard space, public water, and public sewer.
One residence at 5601 Dover has been updated and is scheduled for vacant delivery, providing flexibility for immediate occupancy or a revised operating strategy. The property sits at 712 56th St in Oakland’s Bushrod neighborhood, with access to Ashby and MacArthur BART, AC Transit, Berkeley Bowl, Bushrod Park, Children’s Hospital, UC Berkeley, Bay Street Shopping, and dining in Temescal and Rockridge.
One residence at 5601 Dover has been updated and is scheduled for vacant delivery, providing flexibility for immediate occupancy or a revised operating strategy. The property sits at 712 56th St in Oakland’s Bushrod neighborhood, with access to Ashby and MacArthur BART, AC Transit, Berkeley Bowl, Bushrod Park, Children’s Hospital, UC Berkeley, Bay Street Shopping, and dining in Temescal and Rockridge.
Key Highlights
- Four detached dwellings with a combined 2,840 square feet
- Unit mix includes three 2‑bedroom/1‑bath homes and one 2‑bedroom/2‑bath home
- 5,610‑square‑foot lot with yard space
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
$65,086
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
4.97%
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%
$1,301,720
$1.3M
Cap Rate 7%
$929,800
$929.8K
Cap Rate 9%
$723,178
$723.2K
Market Conditions
NOI Build-Up for 2,840 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
$97.1K $34.20/SF
− Vacancy
−$4.1K −$1.46/SF
EGI
$93.0K $32.74/SF
− OpEx
−$27.9K −$9.82/SF
NOI
$65.1K $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%
$1,301,720
Cap Rate 7%
$929,800
Cap Rate 9%
$723,178
Alternative Uses
Best Use
Multifamily LT 5
$929.8K
$813.6K – $1.08M
NOI $65,086 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$856.7K
$749.6K – $999.5K
NOI $59,967 @ 7.0% cap · market cap 4.58%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,176
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?
Quadplex - Four separate residences offer varied layouts, private garages, laundry appliances, and public utilities in Oakland’s Bushrod neighborhood.
Where is this quadplex located?
The property is located at 712 56Th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: Four detached dwellings with a combined 2,840 square feet; Unit mix includes three 2‑bedroom/1‑bath homes and one 2‑bedroom/2‑bath home; 5,610‑square‑foot lot with yard space
