Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty Object
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Active
2246 23rd Ave, Oakland, California 94606
2246 23rd Ave, Oakland, California 94606
Description
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.
Address
Open on Google Maps- Address 2246 23rd Ave, Oakland, California 94606
- City Oakland
- State/county CA
- Zip/Postal Code 94606
Details
Updated on August 19, 2026 at 8:32 am- Property ID: 41144736
- Price: $1,300,000
- Land Area: 0.0652 Acres
- Year Built: 1926
- Property Type: Residential Income
- Property Status: Active
Additional details
- Cooling: See Remarks
- Heating: See Remarks
- County: Alameda
- Property Type: Residential Income