Listing provided courtesy of Joseph Owens of Marcus & Millichap. Last updated 2026-08-31 08:10:38.000000. Listing information © 2026 Sandicor.
Asking Price: $1,300,000 |
2246 23Rd Ave, Oakland CA 94606
Community:
This property was built in 1926 and is priced at $1,300,000. Please see the additional details below.
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.
