2246 23Rd Ave Oakland CA 94606 | MLS #41144736
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
See this Listing
Schools
Interior
Cooling
SEE
Heating
SEE
Exterior
Construction Materials
STC
Financial
Taxes
$19,927
Map
Community
- Address2246 23Rd Ave Oakland CA
- SubdivisionHIGHLAND TERRACE
- CityOakland
- CountyAlameda
- Zip Code94606
Subdivisions in Oakland
- 88TH AVE/D ST
- ADAMS POINT
- ALAMEDA
- ALAMEDA COUNTY
- ALLENDALE
- ALLENDALE PARK
- BANCROFT
- BELLA VISTA
- BELLA VISTA HILL
- BOULEVARD PARK
- BROADMOOR TERR
- BROOKFIELD
- BROOKLYN
- CHABOT ESTATES
- CHABOT PARK HIGH
- CHINATOWN
- CLAIRMONT
- CLAREMONT
- CLAREMONT HILLS
- CLEVELAND HEIGHTS
- CLINTON
- CRESTMONT
- CRESTMONT HEIGHT
- CROCKER HGHLANDS
- DIMOND
- DIMOND DISTRICT
- DOWN TOWN
- DOWNTOWN
- DURANT MANOR
- E OAKLAND
- EAST OAKL HILLS
- EAST OAKLAND
- EASTMONT
- EASTMONT HILLS
- ELMHURST
- ELMWOOD
- ELMWOOD/NO.OAK
- EMERYVILLE BORDE
- FAIRFAX
- FAIRVIEW DISTRIC
- FOOTHILL
- FRUITVALE
- FRUITVALE AREA
- GLEN ARMS
- GLENVIEW
- GOLDEN GATE
- GOLF LINKS
- GRAND LAKE
- GRAND LAKE/ ROSE
- GRASS VALLEY
- GRIZZLY PK EST.
- HADDON HILL
- HARRINGTON
- HAVENSCOURT
- HAVENSCOURT AREA
- HEGINBERGER
- HIGH
- HIGHLAND
- HIGHLAND TERRACE
- HILLCREST ESTATE
- HILLCREST HIGHLA
- HILLER HIGHLANDS
- Hoov-Fost
- Hoover-Foster
- IVY HILL
- IVY WOOD EXT.
- JACK LONDON
- JEFFERSON
- JOAQUIN MILLER
- KING ESTATES
- LAKE MERRITT
- LAKESHORE
- LAKESHORE/GRAND
- LAS PALMAS
- LAURAL
- LAUREL
- LAUREL DIST
- LAUREL DISTRICT
- LEONA HEIGHTS
- Longefellow
- LOWER LAUREL
- MAXWELL PARK
- MAXWELL PARK
- MILLMONT
- MILLSMONT AREA
- MONTCLAIR
- MONTCLAIR DISTRI
- MONTCLAIR HILLS
- MOSSWOOD
- MOUNTAINWOOD
- N OAKLAND
- NOBE
- NORTH OAKLAND
- OAK CENTER
- OAK KNOLL
- OAK KNOLL AREA
- OAKLAND
- OAKLAND HILLS
- OAKMORE
- OLD TOWN
- PIEDMONT AVENUE
- PIEDMONT BORDER
- PIEDMONT PINES
- PIEDMONT SIDE
- PIEDMONT/GRAND
- PILL HILL
- PRESCOTT
- REDWOOD HEIGHTS
- REDWOOD HILLS
- ROCK BRIDGE
- ROCKRIDGE
- ROCKRIDGE AREA
- ROCKRIDGE/ELMWD
- ROCKRIDGE/N.OAK
- ROSE GARDEN AREA
- SAN ANTONIO
- SANTA FE
- SEMINARY
- SEQUOYAH
- SEQUOYAH HILLS
- SHEFFIELD VILLAGE
- SHEPARD CANYON
- SKYLINE
- SOBRANTE PARK
- Steel Work Lofts
- STONEHURST
- TEMESCAL
- TEMESCAL/R.RIDGE
- THORNHILL
- TUXEDO
- UPPER DIMOND
- UPPER LAUREL
- UPPER MILLSMONT
- UPPER ROCKRIDGE
- Uptown
- WEST CLAWSON
- WEST OAK
- WEST OAKLAND
- WOODMINSTER
Market Summary
Current real estate data for Single Family in Oakland as of Sep 17, 2026
398
Single Family Listed
100
Avg DOM
513
Avg $ / SqFt
$949,074
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 $513. The average listing price for Single Family in Oakland is $949,074. To schedule a showing of MLS#41144736 at 2246 23Rd Ave in Oakland, CA, contact your Compass agent at 310.409.7242.
Similar Listings Nearby
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.2246 23Rd Ave
Oakland, CA