858-525-5007

2246 23Rd Ave, Oakland CA 94606 | $1,300,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 2840 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1926
  • MLS#: 41144736
  • Community:

Listing provided courtesy of Joseph Owens of Marcus & Millichap. Last updated 2026-09-25 08:10:58.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.07 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985