Detached Duplex with Detached
For Sale
$579,000
Pending
8806 Dowling St, Oakland, CA 94605
Two-bedroom, one-bath duplex offers a built-in owner-occupy option with off-street parking and separately metered utilities.
Property Size1,571 SF
Days on Market339
Property Features for 8806 Dowling St
General Information
Standard status
Pending
Size
1,571 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1942
Tenancy
Multi
Listing Agency:
Compass
(415) 290-5886
Listed By:
Anissa Burnley · License #01471819
(415) 290-5886
Source:
Exitrealty
Added: Sep 6, 2025
Changed: Aug 8
Last Checked: Aug 10 at 5:22AM
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 Compass
Investment Insights
Based on property information with market context.
This detached duplex features two units, each configured as 2 bedrooms and 1 bathroom with a spacious living area of approximately 800 square feet. The property includes a low-maintenance yard and a fully detached 2-car garage, complemented by a long driveway for off-street additional parking. There is currently one vacant unit, supporting an owner-occupy live-in-and-lease arrangement. Separate utility metering is in place with two meters for gas, electric, and water. A sewer lateral completion is noted from November 2014.
Located at 8806 Dowling St in Oakland, the property provides easy access to BART and public transportation, with convenient proximity to schools, hospitals, the Oakland Airport, the Zoo, Highway 580, and shopping options.
For tenants, this configuration can support straightforward 2-bedroom occupancy in a duplex setting, with off-street parking and manageable outdoor space. For buyers, the layout allows either full occupancy or a hybrid approach with one unit lived in while the other is rented, with separate meters that can simplify utility management. FHA and VA offers are welcome, and the completed sewer lateral work provides documented maintenance history.
Located at 8806 Dowling St in Oakland, the property provides easy access to BART and public transportation, with convenient proximity to schools, hospitals, the Oakland Airport, the Zoo, Highway 580, and shopping options.
For tenants, this configuration can support straightforward 2-bedroom occupancy in a duplex setting, with off-street parking and manageable outdoor space. For buyers, the layout allows either full occupancy or a hybrid approach with one unit lived in while the other is rented, with separate meters that can simplify utility management. FHA and VA offers are welcome, and the completed sewer lateral work provides documented maintenance history.
Key Highlights
- 1942‑built duplex with two 2 bed, 1 bath units, each with approx. 800 SF living area
- Owner‑occupy setup: live in one unit and rent the other; one unit currently vacant
- Separate utilities with 2 meters for gas, electric, and water
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
$31,800
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
5.49%
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%
$636,000
$636.0K
Cap Rate 7%
$454,286
$454.3K
Cap Rate 9%
$353,333
$353.3K
Market Conditions
NOI Build-Up for 1,571 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
$48.1K $30.60/SF
− Vacancy
−$2.6K −$1.68/SF
EGI
$45.4K $28.92/SF
− OpEx
−$13.6K −$8.68/SF
NOI
$31.8K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /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%
$636,000
Cap Rate 7%
$454,286
Cap Rate 9%
$353,333
Alternative Uses
Best Use
Multifamily LT 5
$454.3K
$397.5K – $530.0K
NOI $31,800 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$407.2K
$356.3K – $475.1K
NOI $28,505 @ 7.0% cap · market cap 4.92%
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
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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 - Two-bedroom, one-bath duplex offers a built-in owner-occupy option with off-street parking and separately metered utilities.
Where is this duplex located?
The property is located at 8806 Dowling St Oakland, CA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 1942‑built duplex with two 2 bed, 1 bath units, each with approx. 800 SF living area; Owner‑occupy setup: live in one unit and rent the other; one unit currently vacant; Separate utilities with 2 meters for gas, electric, and water
