Triplex with Gated
985 39 Street, Oakland, CA 94608
For Sale
$925,000
Fully rented residential income property with a front house and two rear units.
Property Size2,179 SF
Price / SF$424.51
Days on Market64
Property Features for 985 39 Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
gas fireplace
private backyard
fruit trees
Building Details
Year Built
Listing Agency:
Coldwell Banker Bartels
(510) 758-8050
Listed By:
Solomon Bekkele · License #01266947
(510) 282-9365
Source:
Exitrealty
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 30 at 12:28PM
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 Coldwell Banker Bartels
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Investment Insights
Based on property information with market context.
This 1925-built triplex includes a primary residence at the front and two additional units positioned behind it. The main residence offers a formal living room with a gas fireplace, dining space, updated kitchen countertops, two bedrooms, a full bathroom, and a bonus room with backyard access. The lower unit includes one bedroom, a bonus room, an open living-dining area, and refinished Pergo flooring. The upper unit features one bedroom, a bonus room, living room, kitchen, bathroom, and refinished flooring throughout.
All three units share a large gated backyard with fruit trees. The property is fully rented and sits near the Oakland–Emeryville border. Safeway is a 4-minute walk away, while MacArthur BART Station is a 5 to 7 minutes drive. Walk Score is 94, Bike Score is 92, and Transit Score is 53. Buyer is responsible for the sewer lateral.
All three units share a large gated backyard with fruit trees. The property is fully rented and sits near the Oakland–Emeryville border. Safeway is a 4-minute walk away, while MacArthur BART Station is a 5 to 7 minutes drive. Walk Score is 94, Bike Score is 92, and Transit Score is 53. Buyer is responsible for the sewer lateral.
Key Highlights
- Fully rented triplex with one front residence and two rear units
- 1925 construction with three residential units
- Large gated backyard with fruit trees shared by all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,938
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,760
$998.8K
Cap Rate 7%
$713,400
$713.4K
Cap Rate 9%
$554,867
$554.9K
Market Conditions
NOI Build-Up for 2,179 SF
Gross rent
$74.5K $34.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$71.3K $32.74/SF
− OpEx
−$21.4K −$9.82/SF
NOI
$49.9K $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 Rate 5%
$998,760
Cap Rate 7%
$713,400
Cap Rate 9%
$554,867
Alternative Uses
Best Use
Multifamily LT 5
$713.4K
$624.2K – $832.3K
NOI $49,938 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$657.3K
$575.1K – $766.8K
NOI $46,010 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,640
Businesses Nearby
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Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Oakland, CA
Properties on Market for Triplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented residential income property with a front house and two rear units.
Where is this triplex located?
The property is located at 985 39 Street Oakland, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully rented triplex with one front residence and two rear units; 1925 construction with three residential units; Large gated backyard with fruit trees shared by all units
