$918,000

2223 E 23Rd St, Oakland, CA 94606

  • 14 beds
  • 3,981 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1898
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $231/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,900 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland’s most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you’re a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walk ability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland’s ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don’t miss it.

Listing Status:
Active
Date Added:
July 11, 2026
Data Last Updated:
October 8, 2026 at 11:08PM
Listing Office:
RE/MAX Accord : 510-739-4000
Listing Agent:
Leo Zhang : 510-590-1628
MLS ID:
41141385
  • Appliances: Gas Water Heater
  • Basement: Other
  • Flooring: ConcreteLaminate
  • A/C: No Air Conditioning
  • Heating: Wall Furnace
  • General: Back Yard
  • Parking: DetachedParking Lot
  • General: Wood Siding
  • County: Alameda
  • Zoning: 2229631
  • Fencing: Fenced
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of Leo Zhang , RE/MAX Accord

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location