1043 47th St, Emeryville, California 94608, Emeryville, 94608 - 6 bed, 3 bath
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Emeryville, California 94608
This Dual-Residence Property represents a High-Potential Investment Opportunity, listed at a List Price of $1,475,000—positioned well below the $1,694,165 Fair Market Value by 12%. This valuation gap offers $219,165 in Instant Equity for the next owner. Featuring a Condition Rating of 2 with modern, move-in-ready finishes, the property offers immediate rental income or flexible multi-generational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-demand asset in Emeryville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1043 47th St Subject | $1,475,000* List Price | 6 | 3 | 3,331 | $509 | - |
A 1023 54th St Sold | $1,620,000 | 6 | 4 | 2,844 | $570 | 0.2 mi |
B 1026 54th St Active | $1,495,000 List Price | 4 | 5 | 2,610 | $573 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1912, the property has undergone a comprehensive recent remodel (likely <5 years) as evidenced by the modern kitchen with stainless steel appliances, updated bathrooms with contemporary tiling and fixtures, and refinished hardwood floors. The units are in mint, move-in-ready condition with no immediate maintenance required.
The property features two separate, remodeled homes on a single lot, providing exceptional flexibility for house-hacking, multi-generational living, or generating immediate rental income.
Both units are delivered vacant and move-in ready, allowing the new owner to occupy the property immediately or lease both units at current market rates without tenant-related restrictions.
Situated on a generous 7,550 sqft lot in the desirable Triangle neighborhood, the property offers rare outdoor space and excellent proximity to Bay Street, Berkeley, and major commuter routes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 7.
At a list price of $1.475M, the property represents a significant capital investment that may limit the pool of buyers compared to single-unit residences in the area.
Despite recent remodels, the 1912 construction date suggests that underlying structural or utility systems may require more frequent maintenance than newer builds.
Rare vacant and remodeled two-home Property Located in Emeryville's Triangle neighborhood. Set on a generous 7550 square foot lot, 1043 47th Street offers two separate residences with flexible use for owner-occupants, multi-generational living, house-hacking, or investment income. Both units have been updated and are ready for immediate occupancy or market-rate leasing. The property’s vacant delivery gives the next owner full control from day one: live in one home and rent the other, lease both units, or create a private compound-style setup in one of the East Bay’s most convenient locations. Close to Berkeley, Oakland, Bay Street, major commuter routes, transit, shopping, dining, and employment centers. A rare opportunity to own a remodeled, vacant, multi-residence property in a high-demand Emeryville location. Square footage includes both units .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 2.0 |
| Baths | 3.0 | 1.0 |
| Square foot | 3,331 | 963 |
| Lot Size | 7,550 | 2,808 |
| Price | $1.48M | $978.7K |
| Price per sq ft | $443 | $695 |
| Built year | 1912 | 1920 |
| HOA | $0 | $0 |
| Days on market | 11 | 48 |
Jul 11, 2026
$1,475,000
Initial Listing
Mar 29, 2012
$499,000
Public Record
Apr 18, 2006
$870,000
Public Record
Jun 1, 2000
$427,000
Public Record