3257 Delaware St, Oakland, CA 94602

• 4,068 sqft

Property Description

3257 Delaware, a rare and well-located 5-unit multifamily property in Oakland’s highly desirable Dimond District, positioned just above Interstate 580. Offered at $1.35M, the property delivers a compelling 6.15% CAP rate and 10.26 GRM, providing strong day-one cash flow with clear long-term upside. This sizable asset features a highly attractive unit mix consisting of two oversized two-bedroom units with dedicated dining areas, two spacious one-bedroom one-bath units, and an exceptional three-bedroom two-bath unit currently rented at $3,200 per month. The larger unit sizes are well aligned with sustained tenant demand in the Dimond District, where renters consistently pay premiums for space, walkability, and neighborhood quality. From a location standpoint, the property is ideally situated in one of Oakland’s most stable rental submarkets. The Dimond District is known for its residential charm, proximity to Dimond Park, local retail along MacArthur Boulevard, easy freeway access, and a strong tenant base drawn to the area’s neighborhood feel combined with urban convenience. These fundamentals support both consistent occupancy and long-term rent growth.

Listing Status:

Active

Date Added:

February 16, 2026

Data Last Updated:

April 1, 2026 at 7:06AM

Listing Office:

COMPASS : 415-660-9955

Listing Agent:

Willem Bos : 916-698-9954

MLS ID:

41124205

Interior

• Laundry: Other
• Basement: None
• Flooring: Other
• A/C: Other
• Heating: Other

Exterior

• Parking: Off Site

Construction

• General: Stucco

Location

• Originating MLS: Paragon
• County: Alameda

Financial

• Source: Paragon