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Listed by Patrick MacCartee • The GRUBB Company
$898,000
Est. payment /mo
2,428 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $369
Subdivision Glenview
MLS Listing ID 41110400
HOA Y/N No
Year Built 1913
Lot Size 3,500 Sqft
Property Sub-Type Duplex
Source Bridge AOR
Property Description
A rare opportunity to own a high-performing duplex in one of Oakland's most desirable neighborhoods. This bright Craftsman property combines timeless architecture with strong financial fundamentals—offering both stability and upside. The front unit (4BD/2BA, ~1,800 sqft) retains its original wood detailing, built-ins, and vintage charm, while the rear 1BD/1BA unit—currently rented at market rate—delivers steady income and minimal vacancy risk. Together, they create a CAP rate of approximately 6.5%, an exceptional figure for Glenview's premium location. Recent upgrades, including the removal of knob-and-tube wiring, electrical updates, and refreshed interiors, reduce long-term maintenance costs and enhance reliability. Both units feature independent laundry hookups, and the detached garage offers ADU potential or added storage. Located just one mile from Lake Merritt and the Lakeshore Avenue retail corridor, this property appeals equally to investors and owner-occupants seeking to offset their mortgage—where the rear unit's rent can cover nearly half the payment. With strong tenant demand, convenient freeway access, and limited supply of quality duplexes in this area, 3622 Emerson stands out as one of Oakland's best value buys. View floor plans ? 3622Emerson.com/mls
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Vinyl, Carpet, Wood
Fireplace Yes
Appliance Dryer, Washer, Gas Water Heater
Laundry Dryer, Laundry Room, Washer, Washer/Dryer Stacked Incl
Building
Lot Description Level
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613