3-Unit Triplex with
For Sale
$749,950
9826 Bancroft Ave, Oakland, CA 94603
Multifamily property offering garage and driveway parking with access to public transportation and major highways.
Property Size2,523 SF
Days on Market57
Property Features for 9826 Bancroft Ave
General Information
Standard status
Active
Size
2,523 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
2,523 SF
Year Built
1960
Buildings
1
Listing Agency:
Global Rl Estate Unlimited
(510) 888-1016
Listed By:
Kimberly Dorsey
(510) 888-1016
Source:
Brucebaldwin
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 11 at 2:06PM
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 Global Rl Estate Unlimited
Investment Insights
Based on property information with market context.
This 1960-built triplex contains three residential units, each configured with 2 bedrooms and 1 bathroom. Parking is available through the interior garage and driveway, providing multiple on-site options for residents and visitors.
Located at 9826 Bancroft Ave in Oakland, the property offers access to public transportation and nearby Hwy 880 and Hwy 580. The unit count, consistent floor plans, and established multifamily configuration provide a straightforward residential income property profile.
Located at 9826 Bancroft Ave in Oakland, the property offers access to public transportation and nearby Hwy 880 and Hwy 580. The unit count, consistent floor plans, and established multifamily configuration provide a straightforward residential income property profile.
Key Highlights
- Three‑unit triplex with 2bed, 1bth layouts in each unit
- Built in 1960
- Parking available in the garage and on the driveway
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
$51,521
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
6.87%
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%
$1,030,420
$1.0M
Cap Rate 7%
$736,014
$736.0K
Cap Rate 9%
$572,456
$572.5K
Market Conditions
NOI Build-Up for 2,523 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
$78.7K $31.20/SF
− Vacancy
−$5.1K −$2.03/SF
EGI
$73.6K $29.17/SF
− OpEx
−$22.1K −$8.75/SF
NOI
$51.5K $20.42/SF
Area
ZIP 94603
Vacancy
6.50%
Lease Rate
$31.20 /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%
$1,030,420
Cap Rate 7%
$736,014
Cap Rate 9%
$572,456
Alternative Uses
Best Use
Multifamily LT 5
$736.0K
$644.0K – $858.7K
NOI $51,521 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$682.8K
$597.4K – $796.6K
NOI $47,795 @ 7.0% cap · market cap 6.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
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?
Triplex - Multifamily property offering garage and driveway parking with access to public transportation and major highways.
Where is this triplex located?
The property is located at 9826 Bancroft Ave Oakland, CA.
What is the asking price?
The asking price for this property is $749,950.
What are key features of this property?
This property features: Three‑unit triplex with 2bed, 1bth layouts in each unit; Built in 1960; Parking available in the garage and on the driveway
