- $799k Price
- .06 Acres
- 92 DOM
2831 Martin Luther King Jr Way
Exceptional opportunity to acquire a fully occupied 5-unit apartment building in one of North Oakland's most sought-after rental markets, offered at $799,000. The property features an excellent unit mix of four 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, providing stable in-place income and broad tenant appeal. This well-maintained asset has benefited from significant recent capital improvements, including remodeled units, a newer roof, and fresh exterior paint, allowing investors to acquire a turnkey property with reduced near-term capital expenditures. Separately metered PG&E service allows tenants to pay their own gas and electricity, helping improve operating efficiency. Ideally situated just minutes from the Temescal District, MacArthur BART Station, UC Berkeley, Emeryville, Downtown Oakland, Kaiser Permanente, and major freeways, the property enjoys strong rental demand driven by convenient access to employment centers, shopping, dining, and public transportation. The property is 100% occupied and generates approximately $89,523 in annual scheduled rental income, providing immediate cash flow from the first day of ownership. Whether you're completing a 1031 exchange, expanding an existing portfolio, or acquiring your first multifamily investment, this property offers an outstanding combination of location, stability, and long-term investment potential.
Essential Information
- MLS® #41137937
- Price$799,000
- Bathrooms0.00
- Acres0.06
- Year Built1912
- TypeResidential Income
- StatusActive
Community Information
- Address2831 Martin Luther King Jr Way
- SubdivisionPILL HILL
- CityOakland
- CountyAlameda
- Zip Code94609
Amenities
- Parking Spaces2
Interior
- AppliancesElectric Water Heater
- HeatingElectric
- CoolingNone
Exterior
- ExteriorStucco
- ConstructionStucco
Additional Information
- Date ListedJune 11th, 2026
- Days on Market92
Listing Details
- AgentChristopher Paratore
- OfficeBHHS Drysdale Alameda
Price Change History for 2831 Martin Luther King Jr Way, Oakland, (MLS® #41137937)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $849,000 to $799,000 |
Christopher Paratore, BHHS Drysdale Alameda.
Based on information from California Regional Multiple Listing Service, Inc. as of September 12th, 2026 at 3:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.