2246 23rd Ave, Oakland, CA 94606

Oakland
Local realty services provided by:ERA Excel Realty
2246 23rd Ave,Oakland, CA 94606
$1,300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joseph owens
Office: marcus & millichap510-379-1200
MLS#:41144736
Source:CRMLS

Price summary

  • Price:$1,300,000

About this home

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.

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Home facts

  • Year built:1926
  • Subdivision & Development:HIGHLAND TERRACE
  • Listing ID #:41144736
  • Added:1 day(s) ago
  • Updated:August 12, 2026 at 10:28 PM

Structure and exterior

  • Year built:1926
  • Lot area:0.07 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$1,300,000
  • Tax amount:$19,927
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