5229 Macarthur Blvd, Oakland, CA 94619

Property Description

Rare Oakland infill development opportunity directly across from Mills College at Northeastern University in the highly desirable Millsmont neighborhood. This property offers a compelling opportunity for investors, builders, LLCs, and developers seeking to create a long-term income-producing asset in one of the Bay Area’s supply-constrained housing markets. With potential for a duplex or custom residential development (buyer to verify), the property is strategically positioned near a built-in rental demand driver: • University faculty and staff • Graduate students, • Third and fourth year students approved for off-campus living, • East Bay commuters seeking convenient freeway access. The location offers: • Immediate proximity to campus • Quick access to I-580 and regional transportation • Close proximity to BART and AC Transit • Minutes to downtown Oakland, Berkeley, and San Francisco access points • Nearby parks, hiking trails, recreation, shopping, and dining Build-to-rent opportunities for developable land in established Oakland neighborhoods are becoming increasingly rare. For investors focused on long-term appreciation, rental income, and strategic location fundamentals, this property checks all the boxes.

Listing Status:

Active

Date Added:

May 18, 2026

Data Last Updated:

May 20, 2026 at 11:18PM

Listing Office:

Keller Williams Realty : 925-855-8333

Listing Agent:

Mike Hreha : 925-389-6105

MLS ID:

41135214

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: CRMLS_CCBE
• County: Alameda

Lot

• Zoning: R36250393

Financial

• Source: CRMLS_CCBE