Victorian Duplex with Carriage House
For Sale
$895,000
758 A ALCATRAZ AVENUE, Oakland, CA 94609
Residential Income, Oakland, CA
Property Size1,886 SF
Lot Size0.11 Acres
Price / SF$474.55
Days on Market81
Property Features for 758 A ALCATRAZ AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 3, Bathroom 7, Bathroom 5, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 2, Bathroom 4, Bathroom 3
Parking features
Parking Lot, Off Street, Tandem
Interior features
Storage
Exterior features
Back Yard, Garden/Play, Sprinklers Automatic, Sprinklers Front
Fencing
Fenced
Fireplace
1
Appliances
Dryer, Washer, Gas Water Heater, Tankless Water Heater
Subdivision
North Oakland
Lot features
Rectangular Lot, Landscaped, Sprinklers In Rear
Directions
MLK or Shattuck to Alcatraz
Standard status
Active
APN
16143213
Size
1,886 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace
Water source
Public
Amenities
stained glass
pocket doors
clawfoot tubs
ornate mantles
hardwood floors
fireplace
black-and-white tiled baths
picture railings
butcher block island
laundry on site
deck
patio
garden
Building Details
Year built
1903
Number of units
2
Flooring type
Hardwood, Tile, Painted/stained
Building materials
Wood Siding
Roof type
Composition
Additional Structures
Storage
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
David Gunderman · License #01313613
(510) 205-4369
Added: Jun 3
Changed: Aug 19
Last Checked: Aug 22 at 2:06PM
MLS# 41137016
Copyright © 2026 Bay East. 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.
Victorian-style duplex built in 1903 offering flexible living as a single-family setup or a fully vacant 2BD/1BA upper unit plus a vacant 1BD/1BA lower unit. Total size is 1,886 SF on a 0.1102-acre lot. Interiors feature hardwood floors, ornate fireplace and mantle details, clawfoot tubs in both units, and pocket doors. Both units include tile baths, and there is a butcher block island in the upper kitchen. Laundry is available on site.
Outside, the property includes a backyard with garden and yard areas, including a producing garden of fig, lemon, and passion fruit, plus a spacious patio and deck. A 3-bay carriage house provides storage, and there is tandem off-street parking.
Utilities and systems include public water and public sewer, with natural gas heating and a tankless water heater. Additional exterior features include automatic sprinklers, fenced yard areas, and a composition roof.
Outside, the property includes a backyard with garden and yard areas, including a producing garden of fig, lemon, and passion fruit, plus a spacious patio and deck. A 3-bay carriage house provides storage, and there is tandem off-street parking.
Utilities and systems include public water and public sewer, with natural gas heating and a tankless water heater. Additional exterior features include automatic sprinklers, fenced yard areas, and a composition roof.
Key Highlights
- Built in 1903 with 1,886 SF total living area
- Fully vacant 2BD/1BA upper plus vacant 1BD/1BA lower
- Hardwood floors, ornate fireplace and mantle, and pocket doors
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
$43,223
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
4.83%
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%
$864,460
$864.5K
Cap Rate 7%
$617,471
$617.5K
Cap Rate 9%
$480,256
$480.3K
Market Conditions
NOI Build-Up for 1,886 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
$64.5K $34.20/SF
− Vacancy
−$2.8K −$1.46/SF
EGI
$61.7K $32.74/SF
− OpEx
−$18.5K −$9.82/SF
NOI
$43.2K $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%
$864,460
Cap Rate 7%
$617,471
Cap Rate 9%
$480,256
Alternative Uses
Best Use
Multifamily LT 5
$617.5K
$540.3K – $720.4K
NOI $43,223 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$568.9K
$497.8K – $663.7K
NOI $39,823 @ 7.0% cap · market cap 4.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,141
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 - Built in 1903 Victorian duplex with two vacant units and on-site laundry plus 3-bay carriage-house storage.
Where is this duplex located?
The property is located at 758 A ALCATRAZ AVENUE Oakland, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Built in 1903 with 1,886 SF total living area; Fully vacant 2BD/1BA upper plus vacant 1BD/1BA lower; Hardwood floors, ornate fireplace and mantle, and pocket doors
