840 840 Key Route Blvd, Albany, California 94706, Albany, 94706 - 5 bed, 2 bath
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Albany, California 94706
This Renovated Multi-Unit Residence is a Strong Value Opportunity, listed at $1,480,000—positioned well below the $1,628,961 Fair Market Value by 9%. This valuation gap provides $148,961 in Instant Equity. Boasting an Excellent Condition Rating, the home features a totally renovated kitchen, new flooring, and a private patio with significant ADU potential in the spacious yard. Located near Elite 9/10 Rated Schools like Albany High, this versatile duplex offers rare rental flexibility. It is an ideal acquisition for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 840 840 Key Route Blvd Subject | $1,388,000* List Price | 5 | 2 | 1,978 | $702 | - |
A 922 Carmel Ave Sold | $1,765,000 | 3 | 3 | 2,103 | $839 | 0.2 mi |
B 712 Masonic Sold | $1,310,000 | 3 | 3 | 1,478 | $886 | 0.2 mi |
C 812 Washington Ave Sold | $1,181,000 | 4 | 3 | 1,884 | $627 | 0.7 mi |
D 844 Ramona Active | $1,395,000 List Price | 5 | 3 | 2,147 | $650 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1925 construction, the property has undergone extensive recent renovations within the last year. Key upgrades include a totally renovated kitchen with new appliances, new wall-to-wall flooring throughout both levels, and significant interior modernization, meeting the criteria for a property renovated within the last 5 years with no deferred maintenance.
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
Currently configured as a duplex with a large yard and ADU potential, this property offers exceptional flexibility for rental income, multi-generational living, or conversion back to a spacious single-family home.
The residence boasts significant recent upgrades, including a fully renovated kitchen with new appliances, updated flooring throughout both levels, and a dedicated independent laundry facility.
The current duplex configuration may require additional capital and construction effort for buyers specifically seeking a seamless, traditional single-family floor plan.
The property's history of an unsuccessful sale in the previous year may prompt more rigorous buyer due diligence regarding its past condition and market positioning.
The best $/sqft in Albany. Spacious and big yard. Great potential for ADU in the back yard. A lot of upgrades since unsuccessful sale on last year. Currently it is a duplex. A classic 2 bed 1 bath with formal living, dinning downstairs on the street level. wall to wall Hardwood flooring. Total renovated kitchen with the new appliances. RV parking is possible. Upper story: 3 bedrooms and 1 bathroom. Wall to wall new flooring. Each unit could have its own laundry or use the independent laundry room in the backyard. Or it is easily to convert to a single-family residence for a big family.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,978 | 1,549 | 87% |
| Lot Size | 3,900 | 3,800 | 64% |
| Price | $1.39M | $1.50M | 44% |
| Price per sq ft | $702 | $1.0K | 10% |
| Built year | 1925 | 1928 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 93 | 101 | 41% |
May 31, 2026
$1,388,000
$1,425,000
-3% Price Drop
Initial Listing
May 21, 2026
$1,425,000
$1,448,000
-2% Price Drop
Initial Listing
May 10, 2026
$1,448,000
$1,449,000
+0% Price Increase
Initial Listing
Mar 31, 2026
$1,449,000
$1,480,000
-2% Price Drop
Initial Listing
Mar 5, 2026
$1,480,000
Initial Listing
Mar 30, 2023
$1,265,000
Public Record
Jul 19, 2016
$967,000
Public Record