4,715 sqft
$1,300,000
2246 23Rd Ave, Oakland CA, 94606
Price per sqft$275.72
Built in1926
Property size4,715 sqft
Property typeCommercial
Overview
Active
Listed Aug 12, 2026
Updated Aug 20
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.
Additional information
- MLS® ID
- 41144736
Interior Features
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.07 Acres
Listed by Joseph Owens, with Marcus & Millichap
Listing Contact: 925-808-9098
Bay East ©2026 CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 10:41 AM UTC, 8/20/2026.
