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$1,300,000 Just Listed

  • For Sale
  • Active
  • Commercial Residential Facility
  • 0.07 Acres
  • Updated 3 hours ago
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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.

Full Property Details for 2246 23rd Ave

General

  • Price: $1,300,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: MAX
  • MLS ID: 41144736
  • Updated: Today (8/12/2026)
  • Added to Site: Today

Interior

  • Flooring: Vinyl

Additional Information

  • Equipment: None

Parking

  • Parking Features: No Parking on Site

Location

  • Area: Listing
  • County: Alameda
  • Subdivision: Highland Terrace
  • Driving Directions: Property is at the SE corner of 23rd Ave (94606) and E 23rd St (94601)

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Utilities

  • Water: Public

Structural Information

  • Exterior Const.: Stucco
  • Roof: Flat
  • Year Built: 1926

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 3049.2
  • Lot Features: Corner Lot

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $276
  • Terms: Conventional

Disclosures and Reports

  • Property ID: 267571

Listed by Marcus & Millichap, Joseph Owens

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Listing agent

— 2246 23rd Ave —

  • Joseph Owens

    Marcus & Millichap

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2246 23rd Ave

School District:Oakland Unified School District
NameGradesDistance
Manzanita Seed
2409 East 27th Street, Oakland, CA 94601
K-50.4 mi
Roosevelt Middle School, Oakland, CA
1926 19th Avenue, Oakland, CA 94606
6-80.4 mi
Fremont High
4610 Foothill Boulevard, Oakland, CA 94601
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2246 23rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/12/2026
Listed
$1,300,000
200.93%
MLS
7/11/2003
Sold
$432,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2246 23rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,163
—
$626,459
2%
2025
$11,163
6%
$614,178
2%
2024
$10,522
-4%
$602,138
2%
2023
$10,947
4%
$590,331
2%
2022
$10,541
8%
$578,758
2%
2021
$9,786
1%
$567,414
1%
2020
$9,674
6%
$561,600
2%
2019
$9,121
2%
$550,587
2%
2018
$8,933
4%
$539,792
2%
2017
$8,583
3%
$529,207
2%
2016
$8,304
1%
$518,832
2%
2015
$8,258
-2%
$511,038
2%
2014
$8,400
—
$501,029
—
2013
$8,362
—
$498,764
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2246 23rd Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Marcus & Millichap, Joseph Owens

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2246 23rd Ave, Oakland, CA 94606 (MLS# 41144736) is a Commercial Residential Facility property. 2246 23rd Ave is currently listed for $1,300,000 and was received on August 12, 2026. Want to learn more about 2246 23rd Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

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