2223 E 23Rd St, Oakland, CA 94606
2223 E 23Rd St, Oakland, CA 94606
2223 E 23Rd St, Oakland, CA 94606
29
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Listed by Leo Zhang • RE/MAX Accord Off: 510-739-4000
$938,000
Est. payment /mo
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3,981 SqFt
Active

2223 E 23Rd St Oakland, CA 94606

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,981 sqft

Price per Sqft $235

MLS Listing ID 41141385

HOA Y/N No

Year Built 1898

Lot Size 7,000 Sqft

Property Sub-Type Quadruplex

Source BAY EAST

Property Description

A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,900 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland's most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walk ability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland's ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don't miss it.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Flooring Concrete, Laminate

Fireplace No

Appliance Gas Water Heater

Building

Lot Description Rectangular Lot

Water Public

Others

Special Listing Condition Standard

Bay East Association of Realtors
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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