
Alameda, California 94501
This High-Yield Residential Income Triplex is a Strong Value Opportunity, listed at $1,258,000—positioned well below the $1,378,627 Fair Market Value by 8%. This valuation gap offers $120,627 in Instant Equity. Currently generating over $9,000 in monthly gross income, the asset features separately metered units, off-street parking for four vehicles, and private garden patios. With a Fair Condition Rating and proximity to Top-Rated Schools like Alameda High (9/10), the property ensures high tenant demand and operational efficiency. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1817 Everett Subject | $1,258,000* List Price | 0 | 0 | 3,019 | $457 | - |
A 1100 Park Ave Sold | $1,100,000 | 0 | 0 | 2,816 | $391 | 0.9 mi |
B 1220 Chestnut St Sold | $1,100,000 | 0 | 0 | 3,115 | $353 | 0.9 mi |
C 2154 Encinal Ave Sold | $1,015,000 | 0 | 0 | 0 | 0.7 mi | |
D 840 Oak St Sold | $998,000 | 0 | 0 | 1,865 | $535 | 0.9 mi |
E 2133 Clinton Ave Sold | $975,000 | 0 | 0 | 0 | 0.9 mi | |
F 897 Oak Street Sold | $1,350,000 | 0 | 0 | 0 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1880 Victorian triplex is aged but maintained, fitting the 'fair' criteria. While one unit recently received a $35,000 renovation including new kitchen cabinetry, countertops, and appliances, the property as a whole is over 140 years old and has been under the same ownership for 30 years. The exterior and grounds show signs of age, and without evidence of full-building system upgrades, it is assessed as a functional but dated property requiring occasional updates.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Situated just one block from Park Street, the property offers exceptional walkability to Alameda's premier dining, shopping, and entertainment district, ensuring high tenant demand.
The triplex is 100% occupied with over $9,000 in monthly gross income and features separate meters for all units, minimizing the owner's utility expense burden.
Originally built in 1880, the property may require significant ongoing maintenance or capital expenditures to address aging infrastructure and structural components common in Victorian-era buildings.
Being fully occupied in Alameda means the property is subject to local rent stabilization ordinances, which may limit the immediate ability to adjust rents to full market rates.
To access the marketing package copy/paste: https://bit.ly/kitehillre First time on the market in nearly 30 years, 1813–1817 Everett Street presents a rare opportunity to acquire a well-located, fully occupied triplex just one block off Park Street in Alameda. The property consists of three spacious units averaging approximately 1,000 square feet each, including two 3-bedroom units and one 2+ bedroom, 3-bath multi-level unit with additional attic rooms currently used as bedrooms. All units are separately metered, with tenants paying their own utilities, providing operational efficiency and reduced expense burden. The asset is currently 100% occupied and generates over $9,000 per month in gross income. The unit mix includes a 3BD/1.5BA (~1,100 SF), a 3BD/2BA (~1,000 SF), and a 2+BD/3BA (~900 SF, three-level unit). Approximately $35,000 has recently been invested into Unit 1815, including new flooring, cabinetry, countertops, and appliances, enhancing the overall condition of the property while maintaining strong in-place income. Additional features include off-street parking for four vehicles and private backyard or garden space for each unit—an uncommon amenity in Alameda. Notably, Unit 1817 benefits from an exceptionally large, deep backyard.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.6 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 | 3,019 | 2,816 | 58% |
| Lot Size | 7,000 | 6,175 | 68% |
| Price | $1.26M | $1.10M | 63% |
| Price per sq ft | $417 | $442 | 42% |
| Built year | 1880 | 1900 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 168 | 5% |
Apr 4, 2026
$1,258,000
Initial Listing
Aug 15, 1997
$240,000
Public Record