2241 9TH STREET — Sale in Berkeley, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Berkeley, CA 94710

Investment Figures

Cap rate
6.12%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

2241 9th Street offers a great opportunity to own a residential income property in West Berkeley, a highly desirable neighborhood known for strong rental demand and convenient commuter access. The property is just minutes from Interstates 80 and 580, providing easy access to San Francisco, Oakland, and other Bay Area cities. It is also close to shops, restaurants, and local businesses along San Pablo Avenue. The building includes approximately 4,750 square feet of living space on a 6,913 square-foot lot. It features five 2-bedroom, 1-bathroom units, including four two-story units at the rear of the lot and one full-floor unit above the front parking area. Two units are currently vacant, offering immediate rental potential. The property also provides seven on-site parking spaces. It is zoned R-2, and the APN is 56-1975-22. This is a rare opportunity to purchase a well-located, income-producing property in Berkeley with both current income and future upside potential. Investment Highlights: • 5 Two Bedroom / One Bath Units • Plus 7 Parking Spaces • Building Size: ~4,750 SqFt (TAX) • Lot Size: 6,913 SqFt (TAX) • ONLY $336.84 Per SqFt !!!

Market Context

This multifamily in Berkeley, CA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Berkeley, CA — view the full market.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 6.1% asking cap rate is above the Oakland / East Bay multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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