2261 48th Avenue
Oakland, CA 94601
9
Bed
0
Bath
4,278Sqft
7,300Sqft(Lot)
Marcus $ Millichap is pleased to present 2261 48th Ave, a well-maintained 4 unit multifamily property located in East Oaklands Lower Maxwell Park/Melrose area. Built in 1960, the property features approximately 4,278 SF on a 0.17acre lot and is 100% occupied, providing stable in-place income. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. The property offers 4 garage parking spaces (1:1 ratio), individually metered gas and electric, and master metered water. In-place rents are approximately 9% below market, offering upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. A solid multifamily investment in a strong East Oakland rental corridor.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 0Water/Sewer
Water Source: Public Sewer: Public Sewer -
Cooling Features
None Air ConditioningHeating Source
Has Heating
-
Building Information
Year Built: 1960 Building Area Total: 4,278 -
Foundation
Concrete Perimeter -
Accessibility Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1676 -
Lot Size Source: Assessor Lot Size Square Feet: 7300
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Listing Price Information
Original List Price: 1,195,000 Listing Contract Date: 2026-04-30 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 0362416008 Annual Tax: 23349
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Other Property Info
Source Listing Status: Active Source Neighborhood: Zoning: RM Source Property Type: Residential Income Property SubType: Quadruplex -
Building and Construction
Property Age: 66 Structure Type: Quadruplex Year Built Source: Assessor Total Square Feet Living: 4278
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3234 E 27th St, Oakland, CA, 94601 | $885,000 | 8 | 4 | -- | |
| 2150 35th Ave, Oakland, CA, 94601 | $650,000 | 6 | 4 | -- | |
| 48th Avenue, Oakland, CA, 94601 | $889,000 | -- | -- | -- | |
| 1993 38th Ave, Oakland, CA, 94601 | $585,000 | 5 | 3 | -- | |
| 4114 E 17th Street, Oakland, CA, 94601 | $675,000 | 6 | -- | 1,726 | 1,726 SqFt |
| 23 Peroly Court, Oakland, CA, 94601 | $875,000 | -- | -- | 2,754 | 2,754 SqFt |
| 3311 E 17th St, Oakland, CA, 94601 | $599,000 | 6 | 4 | -- | |
| 2017 27th Ave, Oakland, CA, 94601 | $475,000 | 2 | 3 | -- | |
| 3314 Farnam St, Oakland, CA, 94601 | $795,000 | 8 | 5 | -- | |
| 827 34th Ave, Oakland, CA, 94601 | $669,500 | 8 | 4 | -- |
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Nearby For Sale
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ByOwner last updated this listing 06/08/2026 @ 16:47
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