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Listed by: Joseph Owens (925) 808-9098 DRE #01707768 | Marcus & Millichap (510) 379-1200
$1,300,000
Monthly Est:$6,471
-- Bed
-- Bath
--sqft
2246 23rd Avenue, Oakland, CA 94606
$1,300,000
$6,471/moEst:
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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: 9 minutes ago
- Listing updated: August 19, 2026 at 8:32 am
- Source: California Regional MLS-CA | MLS#: 41144736
Part of
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
38
Cumulative Days on Market
7
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
See Remarks
Heating
See Remarks
Construction
Year Built
Year Built: 1926
Home type
Multi Family
Construction Materials
Stucco
Other Features
Tenant Pays
Gas
Subdivision Name
Highland Terrace
Lot Features
Corner Lot
Price History
| Date | Event | Price |
|---|---|---|
08/11/2026 Source: | Listed for Sale | $1,300,000 -18.70% $0/sqft |
05/19/2025 Source: | Off Market | $1,599,000 $0/sqft |
05/12/2025 Source: | Listed for Sale | $1,599,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 20, 2026, 05:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
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