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
- ALAMEDA
- ALLENDALE
- ARROYO PARK
- CENTRAL STATION-PACIFIC CANNERY LOFTS
- CLEVELAND HEIGHTS
- CLINTON
- CRESTMONT
- CROCKER HGHLANDS
- CROCKER/GLENVIEW
- DIMOND
- E OAKLAND
- EAST OAKLAND
- ELMHURST
- GLENVIEW
- HARRINGTON
- HIGHLAND PARK
- HILLER HIGHLANDS
- Hoover-Foster
- JACK LONDON
- KING ESTATES
- LAKESIDE
- LAS PALMAS
- LINCOLN HIGHLAND
- LOCKWOOD
- Longefellow
- LOWER ROCKRIDGE
- MACARTHUR
- MERRIEWOOD
- MILLMONT
- MONTCLAIR
- MOSSWOOD
- NOBE
- OAK CENTER
- OAK KNOLL
- OAKLAND
- OAKLAND HILLS
- OAKLAND ZOO
- PIEDMONT BORDER
- PRESCOTT
- Prescott South
- REDWOOD HEIGHTS
- RIDGEMONT
- ROCKRIDGE
- SAN ANTONIO
- SANTA FE
- SEQUOYAH HILLS
- TEMESCAL
- UPPER DIMOND
- UPPER LAUREL
- UPPER MILLSMONT
- UPPER ROCKRIDGE
- Uptown
- WEST OAK
- WEST OAKLAND
Market Summary
Current real estate data for Single Family in Oakland as of Sep 16, 2026
419
Single Family Listed
97
Avg DOM
516
Avg $ / SqFt
$945,038
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 $516. The average listing price for Single Family in Oakland is $945,038.
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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 include the name of the listing broker. Neither the listing company nor 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