Active

3257 Delaware St

Oakland, CA 94602
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Bed 0

Bed

Bath 0

Bath

SqFt5,756

Sqft(Lot)

3257 Delaware, a rare and well-located 5-unit multifamily property in Oakland’s highly desirable Dimond District, positioned just above Interstate 580. Offered at $1.35M, the property delivers a compelling 6.15% CAP rate and 10.26 GRM, providing strong day-one cash flow with clear long-term upside. This sizable asset features a highly attractive unit mix consisting of two oversized two-bedroom units with dedicated dining areas, two spacious one-bedroom one-bath units, and an exceptional three-bedroom two-bath unit currently rented at $3,200 per month. The larger unit sizes are well aligned with sustained tenant demand in the Dimond District, where renters consistently pay premiums for space, walkability, and neighborhood quality. From a location standpoint, the property is ideally situated in one of Oakland’s most stable rental submarkets. The Dimond District is known for its residential charm, proximity to Dimond Park, local retail along MacArthur Boulevard, easy freeway access, and a strong tenant base drawn to the area’s neighborhood feel combined with urban convenience. These fundamentals support both consistent occupancy and long-term rent growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 75398448

MLS Id : 41124205

Lot Size : 5,756 Sqft

Year Built : 1955

County : Alameda

Subdivision: Fallbrook

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Cooling Features

    See Remarks Air Conditioning

    Heating Source

    See Remarks Has Heating

  • Building Information

    Year Built: 1955 Construction: Stucco

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1321
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5756

  • Listing Price Information

    Original List Price: 1,350,000 Listing Contract Date: 2026-02-16

  • Tax Information

    Parcel Number: 2894824

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: Directions: Cross Street: 35th Ave. Source Property Type: Residential Income
  • Building and Construction

    Property Age: 71 Year Built Source: Vendor Enhanced
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
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3320 Robinson Drive, Oakland, CA, 94602 $988,888 2 2 1,505 1,505 SqFt
3600 Klamath Street, Oakland, CA, 94602 $1,350,000 4 3 2,501 2,501 SqFt
2745 Butters Drive, Oakland, CA, 94602 $1,250,000 5 3 5,189 5,189 SqFt
Coolidge, Oakland, CA, 94602 $899,000 2 1 1,030 1,030 SqFt
3626 Midvale Ave, Oakland, CA, 94602 $1,000,000 3 2 1,676 1,676 SqFt
3039 Kansas St, Oakland, CA, 94602 $797,000 3 2 1,648 1,648 SqFt
Florida Street, Oakland, CA, 94602 $599,000 3 1 1,094 1,094 SqFt
2600 Macarthur Blvd, Oakland, CA, 94602 $1,198,000 -- -- --
3156 Texas Street, Oakland, CA, 94602 $895,000 3 2 2,125 2,125 SqFt

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ByOwner last updated this listing 06/07/2026 @ 03:57

MLS: 41124205 LISTED BY: Willem Bos, COMPASS 415-660-9955 SOURCE: CRMLS

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