Oakland Multifamily Property Near
85 Glen Ave, Oakland, CA 94611
12-unit apartment building near Piedmont Avenue with historic charm.
Type:Multifamily
Property size:
7,448 SFPrice / SF:
$299/SF- Added:
- Jan 27, 2026
- Days on Market:
- 127
- Last Refresh:
- Oct 28 at 12:16 pm
Property Features for 85 Glen Ave
General Information
- Standard status
- Active
- Size
- 7,448 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Grant Chappell License #CalDRE #01700439 (415) 246-4314
Listing office NAI Northern California - HQ (415) 246-4314
Listing date Jan 27, 2026
Source Naiglobal
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 NAI Northern California - HQ
HighLights
- Prime location: One block from Piedmont Avenue's dining and retail.
- 12‑unit apartment community.
- Historic 1920s charm with original wood flooring and hardwood details.
- Value‑add opportunity to renovate units and increase rents.
- Unit mix: One 1‑bedroom and eleven studio apartments.
- Built in 1925.
Overview
Located in the Piedmont Avenue neighborhood of Oakland, 85 Glen Avenue is a 12-unit apartment community constructed in 1925. The property retains original historic charm, including original wood flooring and hardwood details. The unit mix consists of one 1-bedroom apartment and eleven studio apartments. Situated one block from the dining and retail options on Piedmont Avenue, the property is positioned to command premium rents.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.3k | $32.40 |
| − Vacancy | −$10.1k | −$1.36 |
| EGI | $231.2k | $31.04 |
| − OpEx | −$104.0k | −$13.97 |
| NOI | $127.1k | $17.07 |
7,448 SF · lease $32.40/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,149 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,626 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.25
- Latitude
- 37.8257
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit apartment building near Piedmont Avenue with historic charm.
Where is this apartment building located?
The property is located at 85 Glen Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,230,000.
What are key features of this property?
This property features: Prime location: One block from Piedmont Avenue's dining and retail.; 12‑unit apartment community.; Historic 1920s charm with original wood flooring and hardwood details.
