Description
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.
Details
| MLS # | 41144736 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 33 |
| Listing Provided By | Marcus & Millichap | Joseph Owens |
Features
| Units | 7 |
|---|---|
| Acreage | 0.07 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Stucco |
|---|---|
| Lot Features | Corner Lot |
Taxes
| Property | 19927 |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | HIGHLAND TERRACE |
| Listing VS Median (in HIGHLAND TERRACE) | |
Price: $1,300,000 low | high Med: $0 On site: 33 low | high Med: | |
Market Activity 94606
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | HIGHLAND TERRACE |
| Listing VS Median (in HIGHLAND TERRACE) | |
Price: $1,300,000 low | high Med: $0 On site: 33 low | high Med: | |
Nearby Listings (Within 1/10 mile)
Price: $975K - $1.625M
sqft: 0 - 0
 | $918,0002223 E 23rd StOakland, CA 94606 |
Listing Updated: August 21, 2026 at 9:59:24 PM PDT