2831 Martin Luther King Jr Way
Oakland, CA, 94609
$799,000
Beds
0 Baths
0 SqFt
0.06 Acres
Add
MLS #41137937 image #0
Exceptional opportunity to acquire a fully occupied 5-unit apartment building in one of North Oakland’s most sought-after rental markets, offered at $799,000. The property features an excellent unit mix of four 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, providing stable in-place income and broad tenant appeal. This well-maintained asset has benefited from significant recent capital improvements, including remodeled units, a newer roof, and fresh exterior paint, allowing investors to acquire a turnkey property with reduced near-term capital expenditures. Separately metered PG&E service allows tenants to pay their own gas and electricity, helping improve operating efficiency. Ideally situated just minutes from the Temescal District, MacArthur BART Station, UC Berkeley, Emeryville, Downtown Oakland, Kaiser Permanente, and major freeways, the property enjoys strong rental demand driven by convenient access to employment centers, shopping, dining, and public transportation. The property is 100% occupied and generates approximately $89,523 in annual scheduled rental income, providing immediate cash flow from the first day of ownership. Whether you’re completing a 1031 exchange, expanding an existing portfolio, or acquiring your first multifamily investment, this property offers an outstanding combination of location, stability, and long-term investment potential.

Property Details

Price:
$799,000
MLS #:
41137937
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
PILL HILL
Listed Date:
Jun 11, 2026
Lot Size:
2,520 sqft / 0.06 acres (approx)
Year Built:
1912
Pill Hill

Ask a Question

See this Listing

Send
  

Schools

Interior

Appliances
EWH
Cooling
NO
Heating
ELC

Exterior

Construction Materials
STC
Parking Spots
2
Parking Total
2

Financial

Net Operating Income
$64,421

Map

Community

Market Summary

Current real estate data for Single Family in Oakland as of Aug 03, 2026
393
Single Family Listed
104
Avg DOM
500
Avg $ / SqFt
$955,179
Avg List Price

Property Summary

    Located in the PILL HILL subdivision, 2831 Martin Luther King Jr Way Oakland CA is a Single Family for sale in Oakland, CA, 94609. It is listed for $799,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1912. The average price per square foot for Single Family listings in Oakland is $500. The average listing price for Single Family in Oakland is $955,179.

Similar Listings Nearby

broker reciprocity
MLS# DW26109457broker reciprocity
3867 MARTIN LUTHER KING JR WAY
Oakland, CA

$1,025,000

0.7 miles away

broker reciprocity
MLS# DW26109466broker reciprocity
3869 Martin Luther King Jr. Way
Oakland, CA

$1,025,000

1.0 miles away

broker reciprocity
MLS# 41141499broker reciprocity
6756 Snake Road
Oakland, CA

$999,000

3.9 miles away

broker reciprocity
MLS# ML82051140broker reciprocity
1914 51st AV
Oakland, CA

$999,000

4.8 miles away

broker reciprocity
MLS# 41139864broker reciprocity
5917 Balboa
Oakland, CA

$999,000

4.0 miles away

broker reciprocity
MLS# 41133015broker reciprocity
832 7th Ave
Oakland, CA

$999,000

2.0 miles away

broker reciprocity
MLS# 41142240broker reciprocity
2219 Derby St
Berkeley, CA

$999,000

3.0 miles away

broker reciprocity
MLS# 41142644broker reciprocity
2081 Bonar St
Berkeley, CA

$998,000

3.6 miles away

broker reciprocity
MLS# 41140269broker reciprocity
4049 Canon Ave
Oakland, CA

$998,000

3.1 miles away

broker reciprocity
MLS# 41142716broker reciprocity
3321 Jordan Rd
Oakland, CA

$995,000

4.4 miles away

2831 Martin Luther King Jr Way
Oakland, CA