2246 23Rd Ave Oakland CA 94606 | MLS #41144736

2246 23Rd Ave
Oakland, CA, 94606
$1,300,000
Beds
0 Baths
0 SqFt
0.07 Acres
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MLS #41144736 image #0
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

Price:
$1,300,000
MLS #:
41144736
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
HIGHLAND TERRACE
Listed Date:
Aug 12, 2026
Lot Size:
2,840 sqft / 0.07 acres (approx)
Year Built:
1926
Highland Terrace

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Financial

Net Operating Income
$70,803
Taxes
$19,927

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Subdivisions in Oakland

Market Summary

Current real estate data for Single Family in Oakland as of Oct 08, 2026
515
Single Family Listed
90
Avg DOM
520
Avg $ / SqFt
$955,087
Avg List Price

Property Summary

    Located in the HIGHLAND TERRACE subdivision, 2246 23Rd Ave Oakland CA is a Single Family for sale in Oakland, CA, 94606. It is listed for $1,300,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1926. The average price per square foot for Single Family listings in Oakland is $520. The average listing price for Single Family in Oakland is $955,087. To schedule a showing of MLS#41144736 at 2246 23Rd Ave in Oakland, CA, contact your Compass agent at 310.409.7242.

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broker reciprocity Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Compass include the name of the listing broker. Neither the listing company nor Compass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.
Rover IDX
2246 23Rd Ave
Oakland, CA