Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Albany Income Property Near Solano Title is generated by Realmo AI

    986 Kains Ave, Albany, CA 94705

    View on Map
    Claim this Listing
    For Sale
    $2,250,000

    Income property with a main house and a fourplex.

    Type:Commercial
    Property size:
    4,944 SF
    Price / SF:
    $455/SF
    Added:
    Dec 21, 2025
    Days on Market:
    166
    Last Refresh:
    Apr 5 at 8:26 pm

    Property Features for 986 Kains Ave

    General Information

    Standard status
    Active
    Size
    4,944 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    PEDRAM KARBASSI

    Listing agent PEDRAM KARBASSI

    Listing office BAY'S ELITE INVESTMENTS

    Listing date Dec 21, 2025

    Source Corcoran

    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 BAY'S ELITE INVESTMENTS

    HighLights

    • Prime Albany Location: 96 Walkscore, 98 Bikescore, steps from Solano Ave.
    • Income‑Generating: Main house (4+ bed/2 bath) and a 4‑unit apartment building (4plex) on one parcel.
    • Remodeled Units: Three 4plex units feature modern kitchens with dishwashers, hardwoods, tile, and new tubs.
    • Owner‑Occupancy Ideal: Live in the updated 4+ bed/2 bath main house while managing the 4plex.
    • No Rent Control: Located in Albany, offering investment flexibility.
    • Updated Main House: Refinished hardwood and tile floors, spa‑like bathroom.

    Overview

    This income property in Albany features a main house and a fourplex on the same parcel. The main house, built in the 1920s, includes four or more bedrooms and two bathrooms, with refinished hardwood and tile floors. The fourplex, constructed in the 1940s, consists of three two-bedroom units and one one-bedroom unit. Two of the units have fireplaces. Three of the fourplex units have been fully remodeled with modern kitchens including dishwashers, hardwood and tile, and new tubs. The remaining unit has been mostly updated with hardwood and tile floors, and modernized kitchen cabinets. The property is suitable for an owner-occupier to live in the main house across the driveway from the fourplex. The location has a walk score of 96 and a bike score of 98. Situated steps away from Solano Avenue, the property is located within the Albany school district. The units have historically rented back to back.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Alameda
    State
    California
    Longitude
    -122.297
    Latitude
    37.8875

    Nearby Similar for Sale

    • $649,000
      1,778 SF

      Versatile Commercial Property in Albany

      Single-story commercial property in San Pablo Commercial District.
      928 San Pablo Ave, Albany, CA 94706
      View Details
    • $1,099,000
      2,742 SF

      Retail Condominiums on San Pablo

      Two retail condominiums totaling 2,742 SF on San Pablo Avenue.
      727 San Pablo Ave, Albany, CA 94706
      View Details
    • $3,000,000
      1,943 SF

      Retail Storefront for Sale

      For sale retail storefront totaling 1,943 square feet on Masonic Avenue in Alameda County.
      900 Masonic Avenue, Albany, CA 94706
      View Details
    • $2,095,000

      Albany Multifamily Income Property

      Income property in prime location near Solano Avenue.
      986 Kains Ave, Albany, CA 94705
      View Details
    • $2,720,000

      Albany Multifamily Asset For Sale

      Well-maintained 10-unit multifamily property in a desirable Albany location.
      605 San Pablo, Albany, CA 94706
      View Details
    • $1,099,000
      2,742 SF

      Albany Retail Condominium Opportunity

      Retail condominiums in a vibrant commercial hub with parking.
      727 San Pablo Ave, ALBANY, CA 94706
      View Details
    • $2,720,000
      4,320 SF

      Albany Multifamily Investment Opportunity

      Well-maintained 10-unit apartment building in a desirable location.
      605 San Pablo Ave, Albany, CA 94706
      View Details
    • $2,100,000
      1,134 SF

      Albany Development Opportunity Near BART

      Prime 40-unit residential development opportunity in Albany's business district.
      545 San Pablo Ave, ALBANY, CA 94706
      View Details

    FAQs

    What type of property is this?
    Apartment building - Income property with a main house and a fourplex.
    Where is this apartment building located?
    The property is located at 986 Kains Ave Albany, CA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Prime Albany Location: 96 Walkscore, 98 Bikescore, steps from Solano Ave.; Income‑Generating: Main house (4+ bed/2 bath) and a 4‑unit apartment building (4plex) on one parcel.; Remodeled Units: Three 4plex units feature modern kitchens with dishwashers, hardwoods, tile, and new tubs.
    (510) 214-2616
    We can help!
    Listing Contact
    PEDRAM KARBASSI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    986 Kains Ave, ALBANY, CA 94705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!