1055 47th St, Emeryville, California 94608, Emeryville, 94608 - 0 bed, 0 bath
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Emeryville, California 94608
This Versatile Residential Income Triplex is listed at $898,000, representing a stable entry point relative to its $849,807 Fair Market Value. Boasting a Condition Rating of 3, the property features one recently updated vacant unit with a private patio, two tenant-occupied units for immediate cash flow, and a large storage unit offering significant Value-Add expansion potential. Located in a prime Emeryville commuter hub, this property balances lifestyle flexibility with strong rental demand. It is a strategic acquisition for Owner-Occupants seeking to house-hack or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1055 47th St Subject | $898,000* List Price | 0 | 0 | 2,110 | $403 | - |
A 1012 44th St Sold | $918,000 | 0 | 0 | 2,682 | $342 | 0.2 mi |
B 964 57th St Sold | $850,000 | 0 | 0 | 2,055 | $414 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained triplex where at least one unit has been recently updated with modern laminate flooring, stone countertops, and fresh neutral paint. While the structure dates to 1900, the interior shown is move-in ready with updated windows and clean finishes. The kitchen features contemporary cabinetry and a stainless steel hood, although the electric coil range is a more basic model. Overall, the property appears well-kept with no immediate major renovations required for the vacant unit.
The property features one recently updated, vacant unit ready for immediate move-in or market-rate leasing, combined with two occupied units providing steady cash flow from day one.
A large, vacant storage unit offers a significant opportunity for expansion or conversion, allowing investors to potentially increase the square footage and overall property value.
Ideally situated in Emeryville near major transit, shopping, and dining, the property is positioned in a high-demand rental market with excellent proximity to major employment hubs.
Built in 1900, the property may require higher maintenance costs and capital improvements to address aging systems and structural elements typical of century-old buildings.
With two units occupied by long-term tenants, immediate rental upside may be limited by existing lease terms and local tenant protection regulations.
Well-maintained triplex in Emeryville’s desirable Iron Triangle neighborhood, ideally situated near shopping, dining, transit, and major commuter routes. This versatile property offers an excellent opportunity for both investors and owner-occupants alike. One unit has been recently updated and is delivered vacant, perfect for immediate move-in or to command strong market rent. The upper unit and charming free-standing rear cottage are occupied by reliable, long-term tenants, providing stable income from day one. The property’s flexible layout, prime location, and mix of updated and tenant-occupied units make it a rare find with upside potential. A large, vacant storage unit lends itself to possible expansion adding even more value to this unique property. Whether you’re looking to live in one unit while generating rental income or expand your investment portfolio, this triplex checks all the boxes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,110 | 2,258.5 | 42% |
| Lot Size | 5,052 | 3,900 | 83% |
| Price | $898.0K | $867.5K | 58% |
| Price per sq ft | $426 | $346 | 67% |
| Built year | 1900 | 1908 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 127 | 8% |
Apr 10, 2026
$898,000
Initial Listing