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2832 Summit Street

Oakland CA 94609

3656 sq. ft.
3962 sq. ft.
Duplex
Currently for sale - view listing

Overview

Stabilized Oakland triplex in the heart of Pill Hill —walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a fully renovated 4BR/2BA flagship unit delivered vacant, a remodeled 4BR/2.5BA, and a 3BR/1BA. Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate —rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old. Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.

Features

3656 sq. ft. floor area
3962 sq. ft. lot size
Duplex

Happy sellers in Oakland

87%
87% of sellers in Oakland reported that their sale price either exceeded or met their price expectations.

Oakland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Oakland over the last 12 months.

Local market activity for duplexes in Oakland

In the last 12 months, 33 duplexes similar to 2832 Summit Street, have been sold.

This represents a 52% decrease in duplexes sales when compared to the previous 12 months.

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