
Alameda, California 94501
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $1,399,900—positioned above the $1,245,322 Fair Market Value. While priced at a premium, the property offers significant versatility in a top-tier school district, including Lincoln Middle and Alameda High (9/10 ratings). With a Condition Rating of 4, the 1915 structure provides a foundation for value-add modernization. This asset is ideal for Buy-and-Hold Investors seeking rental demand or Owner-Occupants looking to offset mortgage costs through flexible unit configurations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1446 Fernside Blvd Subject | $1,399,900* List Price | 0 | 0 | 2,650 | $471 | - |
A 1817 Everett Sold | $1,150,000 | 0 | 0 | 3,019 | $381 | 1.0 mi |
B 1223 Pease Ct Pending | $1,000,000 List Price | 0 | 0 | 2,638 | $379 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1915, this property is well-maintained but dated. While it features some partial updates like stone countertops and newer flooring in sections, the overall aesthetic, original wood built-ins, and visible standalone gas heaters suggest systems and renovations are over 20 years old and require modernization.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The duplex configuration provides rare flexibility, allowing an owner-occupant to generate rental income from one unit or easily convert the connected spaces into a substantial five-bedroom single-family residence.
Situated in one of Alameda's most desirable neighborhoods, the property is within walking distance of top-rated schools, Lincoln Park, and the waterfront, ensuring strong long-term appreciation and tenant demand.
As a century-old structure built in 1915, the property likely requires ongoing maintenance and potential upgrades to aging systems such as plumbing, electrical, or foundation to meet modern standards.
The backyard is a shared amenity between the two units, which may limit privacy for owner-occupants or create management complexities regarding the use and upkeep of the outdoor space.
Positioned in one of Alameda's Most Desirable East End Neighborhoods, this classic Duplex presents an exceptional opportunity for Owner-Occupants and Investors alike. Offering approximately 2,650 Square Feet of Living Space, the property offers exceptional Flexibility to live in one Unit while generating Rental Income from the other, or combine the two connected Units into a spacious Five-Bedroom Residence, or expand your Investment Portfolio with a well-located Duplex. Filled with timeless character and abundant Natural Light, the 3-Bedroom Upper Unit and 2-Bedroom Lower Unit each showcase Period Charm, Spacious Living Areas, and access to a large Shared Backyard with mature Fruit Trees, offering plenty of space for Entertaining, Gardening, or simply Relaxing. Conveniently located near Lincoln Park, the Oakland Estuary Waterfront, highly regarded Alameda Unified Schools, including Edison Elementary and Lincoln Middle School, as well as Shopping, Dining, and convenient Commuter Routes, you'll enjoy everything that makes the East End one of Alameda's Most Desirable Neighborhoods. Whether you're looking for a place to call Home, generate Rental Income, or invest in one of Alameda's Most Desirable Neighborhoods, this East End Duplex offers an exceptional combination of Location, Flexibility, Character, and Future Opportunity.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,650 | 2,191 |
| Lot Size | 4,945 | 5,238.2 |
| Price | $1.40M | $1.12M |
| Price per sq ft | $528 | $516 |
| Built year | 1915 | 1918 |
| HOA | $0 | $0 |
| Days on market | 48 | 66 |
Jul 23, 2026
$1,399,900
Initial Listing
Jul 29, 2002
$634,500
Public Record