3208 Washington St, Alameda, California 94501, Alameda, - bed, bath
ACTIVE$1,495,000
3208 Washington St, Alameda, California 94501
5Beds
3Baths
2,357Sqft
8,084Lot
Year Built
1905
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41104754
Home ConditionPoor
Features
Patio
View-
About this home
Two houses on one lot. The front house has 2 bedrooms and 2 full baths and is tenant occupied. It is two stories with a bedroom and full bath on each floor. The rear house has 3 bedrooms and 1 full bath. The 3 bedrooms and the full bath are on the second floor. The rear house is also tenant occupied. There is a very large backyard with a shop space. Contact agent for rental amounts. BIG UPSIDE.....lots of room in the backyard to build another unit.
Nearby schools
8/10
Frank Otis Elementary School
Public,•K-5•0.1mi
9/10
Amelia Earhart Elementary School
Public,•K-5•0.6mi
8/10
Edison Elementary School
Public,•K-5•0.8mi
9/10
Lincoln Middle School
Public,•6-8•0.2mi
9/10
Alameda High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
07/14/25
Listing
$1,495,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (121 Listings) | |
|---|---|---|---|
| Beds | 5 | 3 | 88% |
| Baths | 3 | 2 | 68% |
| Square foot | 2,357 | 1,701 | 77% |
| Lot Size | 8,084 | 4,370 | 93% |
| Price | $1.5M | $1.35M | 61% |
| Price per square foot | $634 | $804 | 21% |
| Built year | 1905 | 9620962 | 17% |
| HOA | |||
| Days on market | 115 | 144 | 39% |
Condition Rating
Poor
Built in 1905, this property is over 100 years old. The exterior shows significant signs of age and deferred maintenance, including peeling paint and what appear to be original or very old windows and roofing. Crucially, no interior photos are provided, which strongly suggests the kitchens, bathrooms, and other living areas are severely outdated and in need of substantial renovation. The 'shop space' is in very poor condition, bordering on tear-down. While tenant-occupied, the overall condition indicates that major systems and components likely require extensive repairs and rehabilitation to meet modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Property: Features two separate houses on one lot, both tenant-occupied, providing immediate and diversified rental income streams.
Significant Development Potential: The large 8,084 sqft lot offers substantial 'upside' with ample room in the backyard to build an additional unit (ADU), enhancing future value and income potential.
Desirable Alameda Location: Located in Alameda, a highly sought-after Bay Area city known for its charming community, amenities, and strong real estate market.
Established Rental Income: Both units are currently tenant-occupied, ensuring a steady cash flow from day one for an investor.
Versatile Property Use: Ideal for investors seeking rental income, multi-generational families, or owner-occupants looking to live in one unit and rent the other.
Cons
Age of Construction: Built in 1905, the property likely requires significant updates to systems (plumbing, electrical, HVAC) and cosmetic renovations to meet modern standards and appeal, incurring additional costs.
Tenant Occupancy Constraints: While income-generating, current tenant occupancy may complicate showings, inspections, and immediate owner-occupancy plans, requiring adherence to tenant rights and potential lease negotiations.
Undisclosed Rental Amounts/Condition: The description does not provide current rental income figures, making it difficult to assess immediate ROI. The overall condition of the interiors is also not detailed, implying potential for deferred maintenance or necessary upgrades.