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Listed by: Joseph Owens (925) 808-9098 DRE #01707768 | Marcus & Millichap (510) 379-1200
$1,300,000
-- Bed
-- Bath
--sqft
2246 23Rd Ave, Oakland, CA 94606
$1,300,000
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Multi Family
Built in 1926
$-- HOA
2,840 sqft lot
--/sqft
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.
- Houzeo last checked: 3 hours ago
- Listing updated: August 19, 2026 at 8:32 am
- Source: California Regional MLS-CA | MLS#: 41144736
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1926
HOA Fees
-
Finished Area
- sqft
Lot Size
2,840 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41144736
MLS Status
Active
Days on Market
11
Cumulative Days on Market
7
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New York State Fair Housing Notice.
