2946 PIEDMONT AVE
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed by The Grubb Co. Inc. | $1,750,000 | |
| Listed by The Grubb Co. Inc. | |||
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Gorgeous traditional home in coveted Elmwood with three en-suite bedrooms, each with full bath and natural light! Nestled on a quiet, tree-lined street near College Ave’s shops, dining, and BART, this elegant stucco residence offers the perfect blend of charm and comfort. A grand entry leads to a spacious living room with fireplace, a light-filled dining room, and kitchen opening to a private deck—ideal for morning coffee or entertaining. The primary suite includes a lovely reading nook. Additional features include tasteful finishes, garage, storage, off-street parking, and a layout to accommodate a wide variety of living situations. Located in one of Berkeley’s most desirable neighborhoods, this beautifully maintained home offers a rare chance to enjoy classic architecture, modern living, and an unbeatable location.
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| Apr 5, 2016 | Sold | ||
| Sold | |||
| Feb 18, 2016 | Listed by THE GRUBB CO. INC. | $1,410,000 | |
| Listed by THE GRUBB CO. INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017