FOR SALENew Listing
2246 23Rd Ave
Oakland, CA 94606
2,840 Lot Sq Ft
Built 1926
$1,300,000
Property Overview
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.
Home Details
- Property type
- Residential Income
- Year built
- 1926
- Lot size
- 2,840 sq ft
- Days on market
- 7
- MLS status
- Active
Features & Amenities
Lot
- Corner Lot
Community, Schools & Utilities
Community
- Subdivision
- HIGHLAND TERRACE
- Annual property tax
- $19,927
Utilities
- Heating
- SeeRemarks
- Cooling
- SeeRemarks
Location & Neighborhood
Frequently Asked Questions About 2246 23Rd Ave
Property type: Residential Income
The current asking price is $1,300,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2246 23Rd Ave. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1926. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Oakland, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Oakland property.
The MLS currently reports the property as Active. It has been listed for 7 days. Status can change, so verify availability before relying on it.
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