$1,300,000

2246 23Rd Ave, Oakland, CA 94606

Multi-Family Home
Built in 1926
2,840sqft lot
—— car garage
$——/sqft
Listed 12 days ago

Property Description

Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.

Listing Status:: Active
Date Added:: August 12, 2026
Data Last Updated:: August 24, 2026 at 7:17AM
Listing Office:: Marcus & Millichap : 510-379-1200
Listing Agent:: Joseph Owens : 925-808-9098
MLS ID:: 41144736

A/C: See Remarks
Heating: See Remarks

Parking: Parking spaces: 0

General: Stucco

HOA Amenities: 0.0
Originating MLS: CRMLS_BMLS
County: Alameda

Zoning: 267571

Source: CRMLS_BMLS

This listing courtesy of Joseph Owens , Marcus & Millichap

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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