3622 Emerson St, Oakland, California 94610, Oakland, - bed, bath

home-pic
ACTIVE$898,000
3622 Emerson St, Oakland, California 94610
0Bed
0Bath
Sqft
3,500Lot
Year Built
1913
Close
-
List price
$898K
Original List price
$995K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41110400
Home ConditionGood
Features
View-

About this home

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

Price History

Date
Event
Price
10/10/25
Price Change
$898,000-9.7%
09/04/25
Listing
$995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot00
Lot Size3,5006,000
11%
Price$898K$1.1M
22%
Price per square foot$0$0
Built year19131915
44%
HOA
Days on market62104
33%
Condition Rating
Good

Built in 1913, this duplex has undergone significant recent upgrades, including the removal of knob-and-tube wiring and general electrical updates, which is a major positive for a home of this age. The bathrooms in both units appear recently and tastefully renovated with modern vanities, tiling, and fixtures. The rear unit's kitchen is also fully updated with white shaker cabinets, modern countertops, subway tile backsplash, and stainless steel appliances. The front unit's kitchen, while functional with newer stainless steel appliances, features dated honey oak cabinets, laminate countertops, and fluorescent lighting, suggesting it was last updated 15-25 years ago. Flooring is a mix of newer carpet and LVP. Heating is via wall units, and cooling is via window AC units, indicating no central HVAC. Overall, the property is move-in ready with many modern updates, but the main unit's kitchen and lack of central HVAC prevent an 'Excellent' rating.
Pros & Cons

Pros

High-Performing Investment: This duplex boasts an exceptional CAP rate of approximately 6.5%, indicating strong financial performance and a solid return on investment for its premium location.
Prime Location & Accessibility: Situated in Glenview, one of Oakland’s most desirable neighborhoods, the property offers convenient access to Lake Merritt, Lakeshore Avenue retail, and major freeways.
Income Generation & Mortgage Offset: The market-rate rented rear unit provides steady income, minimal vacancy risk, and can significantly offset mortgage payments for an owner-occupant.
Recent System Upgrades: Key updates including electrical work (knob-and-tube removal) and refreshed interiors reduce immediate maintenance concerns and enhance reliability.
Versatility & Value-Add Potential: Appeals to both investors and owner-occupants, with a detached garage offering clear potential for an Accessory Dwelling Unit (ADU) or additional storage.

Cons

Age of Property: Built in 1913, the property, despite recent upgrades, may still present ongoing maintenance considerations typical of historic homes.
Recent Price Reduction: A significant price drop from the original listing ($995,000 to $898,000) could suggest initial overvaluation or market resistance, potentially impacting perceived value.
Limited Outdoor Space/Parking Clarity: The 3500 sqft lot, while functional, may offer limited dedicated outdoor living space, and specific parking arrangements for both units are not explicitly detailed.

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