2246 23rd Ave
Oakland, CA 94606
0
Bed
0
Bath
2,840Sqft(Lot)
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 Details
Map
Map
What's Nearby
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Features
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Heating & Cooling
Has Heating: Yes Heating: SeeRemarks Has Cooling: Yes Cooling: SeeRemarks
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Building Information
Year Built: 1926Construction Materials: StuccoPrivate Pool: No
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Lot Information
Main Square Feet: 2840 Lot Size Acres: 0.0652 Lot Size Square Feet: 2,840 Lot Description: CornerLotProperty Information
Subdivision: HIGHLAND TERRACE Source Property Type: ResidentialIncome Property Age: 100
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Listing Price Information
Listing Price: $1300000
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Tax Information
Parcel Number: 267571 Annual Tax: $19927
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Location Information
Direction: Cross Street: E 23rd St / 23rd.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| E. 17th St, Oakland, CA, 94606 | $849,000 | 4 | 2 | 1,709 | 1,709 SqFt |
| 23rd Avenue, Oakland, CA, 94606 | $602,500 | 2 | 2 | 1,272 | 1,272 SqFt |
| E 17th Street, Oakland, CA, 94606 | $1,020,000 | 4 | 4 | 3,004 | 3,004 SqFt |
| 326 Athol Avenue, Oakland, CA, 94606 | $635,000 | 3 | 2 | 1,832 | 1,832 SqFt |
| 2137 E 27th, Oakland, CA, 94606 | $725,000 | 3 | 2 | 1,196 | 1,196 SqFt |
| 1925 E 27th Street, Oakland, CA, 94606 | $700,000 | 2 | 1 | 960 | 960 SqFt |
| 2821 Vallecito Pl, Oakland, CA, 94606 | $475,000 | 2 | 1 | 801 | 801 SqFt |
| 2230 23rd Ave, Oakland, CA, 94606 | $925,000 | 7 | 3 | 2,576 | 2,576 SqFt |
| 2151 E 24th Street, Oakland, CA, 94606 | $795,000 | -- | -- | -- | |
| 1328 E 25th St, Oakland, CA, 94606 | $948,000 | 7 | 5 | 2,266 | 2,266 SqFt |
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ByOwner last updated this listing 08/13/2026 @ 22:14
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