Turn-Key Multifamily Property with
For Sale
$2,395,000
Verdi St, Alameda, CA 94501
Multifamily property with income, upside, and convenient location.
Property Size5,493 SF
Lot Size0.18 Acres
Price / SF$436.01
Days on Market338
Property Features for Verdi St
General Information
Standard status
Active
Size
5,493 SF
Lot size
0.18 Acres
Property subtype
Commercial
Building Details
Year Built
1890
Listing Agency:
KELLER WILLIAMS TRI-VALLEY
(925) 397-4200
Listed By:
JASON PUGAO · License #01908325
Source:
Corcoran
Added: Sep 3, 2025
Changed: Jul 10
Last Checked: Aug 5 at 6:11AM
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 KELLER WILLIAMS TRI-VALLEY
Investment Insights
Based on property information with market context.
This multifamily property features five units plus a permitted Accessory Dwelling Unit (ADU). Located near Highway 880, BART, bus lines, and the ferry, the property benefits from steady rental demand. The front building is a Victorian structure with four units. The rear ADU provides additional income, and each unit has its own garage. One unit is currently vacant, presenting an opportunity to capture market rents or utilize as an owner’s unit. On-site coin-operated laundry supplements the income. Recent capital improvements include a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, a new deck, and a new roof above one of the units, plus several fully renovated interiors. The property is 5493 square feet.
Key Highlights
- Turn‑key multifamily property with 5 units plus a permitted ADU, providing strong in‑place income.
- Ideally located near HWY 880, BART, bus lines, and the ferry, attracting steady rental demand.
- One vacant unit offers immediate opportunity to capture market rents or use as an owner's unit.**
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 | $153.6k | $27.96 |
| − Vacancy | −$8.9k | −$1.62 |
| EGI | $144.7k | $26.34 |
| − OpEx | −$65.1k | −$11.85 |
| NOI | $79.6k | $14.49 |
5,493 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.7K – $1.33M
NOI $79,572 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$25.04M
$21.91M – $29.22M
NOI $1,752,962 @ 7.0% cap · market cap 73.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
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?
Apartment building - Multifamily property with income, upside, and convenient location.
Where is this apartment building located?
The property is located at Verdi St Alameda, CA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Turn‑key multifamily property with 5 units plus a permitted ADU, providing strong in‑place income.; Ideally located near HWY 880, BART, bus lines, and the ferry, attracting steady rental demand.; One vacant unit offers immediate opportunity to capture market rents or use as an owner's unit.**
