$1,300,000

Multi Family In Oakland

  • 4,715 Sqft
  • 3,050 Sqft lot
  • Updated: Today
  • Source:
    bridgeMLS  MLS#41144736

About the Property

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
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.
  • Property type

    Other

  • Year built

    1926

  • Price/sqft

    $275

Explore the Area

2246 23Rd Ave, Oakland, California, United States View on Google Maps
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Marcus & Millichap - Oakland

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Marcus & Millichap - Oakland
California, United States
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2
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2025
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Marcus & Millichap - Oakland
Oakland, California, United States
View agency profile
Last updated
Today
First listed
Aug 13
Listing reference
41144736
Listing status
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