- $1.3M Price
- .07 Acres
- 30 DOM
2246 23rd Ave
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.
Essential Information
- MLS® #41144736
- Price$1,300,000
- Bathrooms0.00
- Acres0.07
- Year Built1926
- TypeResidential Income
- StatusActive
Community Information
- Address2246 23rd Ave
- SubdivisionHIGHLAND TERRACE
- CityOakland
- CountyAlameda
- Zip Code94606
Interior
- HeatingSee Remarks
- CoolingSee Remarks
Exterior
- ExteriorStucco
- Lot DescriptionCorner Lot
- ConstructionStucco
Additional Information
- Date ListedAugust 12th, 2026
- Days on Market30
Listing Details
- AgentJoseph Owens
- OfficeMarcus & Millichap
Joseph Owens, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of September 11th, 2026 at 6:44am 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.