1615 Sherman St, Alameda, California 94501, Alameda, 94501 - 0 bed, 0 bath
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Alameda, California 94501
This 1895 Victorian Duplex represents a Strong Value Opportunity, listed at $1,175,000—positioned well below the $1,242,772 Fair Market Value by 5%. This valuation gap provides $67,772 in Instant Equity. Featuring a Condition Rating of 2, the property offers a move-in ready upper unit with restored architectural details and a private deck. Located near top-rated schools like Alameda High (9/10), this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1615 Sherman St Subject | $1,175,000* List Price | 0 | 0 | 2,384 | $521 | - |
A 1220 9th St Sold | $960,000 | 0 | 0 | 2,008 | $478 | 0.5 mi |
B 1822 San Antonio Ave Sold | $1,170,000 | 0 | 0 | 2,107 | $555 | 0.7 mi |
C 1220 Chestnut St Sold | $1,100,000 | 0 | 0 | 3,115 | $353 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1895, the property has undergone a high-end recent renovation. The kitchen and bathrooms are beautifully updated with modern finishes, the hardwood floors are newly refinished, and the architectural details have been meticulously restored. The interior presents in mint, move-in ready condition consistent with a renovation completed within the last 5 years.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Designed by renowned architects Marcuse & Remmel, this 1895 Victorian features meticulously restored original details like grape leaf moldings and plaster medallions, offering rare aesthetic value and heritage.
As a duplex in a high-demand rental market, the property offers the opportunity to offset mortgage payments by living in the updated upper unit while leasing the other.
Due to the property's 1895 construction, buyers should expect higher ongoing maintenance costs and potential infrastructure updates typical of century-old Victorian homes.
While the upper unit is marketed as move-in ready with modern updates, the lack of detail regarding the lower unit suggests it may require additional capital improvement to reach its full rental potential.
Enter into a piece of Alameda history with this stunning 1895 Victorian duplex, masterfully crafted by renowned architects Marcuse & Remmel. Originally built as a single-family residence and thoughtfully converted into a charming income-generating duplex, this property masterfully blends timeless elegance with modern comfort. Nestled on a picturesque, tree-lined street in the heart of Alameda’s historic district, the spacious upper unit is currently move-in ready. It boasts a beautifully updated kitchen and bathroom, newly refinished hardwood floors, ornate plaster ceiling medallions, classic pocket doors, and meticulously restored original grape leaf moldings — all preserving the home’s rich architectural character. Whether you’re seeking a turnkey investment property or an opportunity to offset today’s higher interest rates by living in one unit while renting the other, this duplex offers the perfect solution. Own a genuine piece of Alameda’s heritage while enjoying the best of modern living in one of the Bay Area’s most beloved communities.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades 4-5 • 1.0 mi
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 | 2,384 | 2,924 | 43% |
| Lot Size | 4,290 | 6,175 | 29% |
| Price | $1.18M | $1.13M | 57% |
| Price per sq ft | $493 | $450 | 67% |
| Built year | 1895 | 1900 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 209 | 5% |
May 28, 2026
$1,175,000
Initial Listing
Sep 4, 2019
$950,000
Public Record