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$1,195,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Car Garage
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Marcus $ Millichap is pleased to present 2261 48th Ave, a well-maintained 4 unit multifamily property located in East Oaklands Lower Maxwell Park/Melrose area. Built in 1960, the property features approximately 4,278 SF on a 0.17acre lot and is 100% occupied, providing stable in-place income. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. The property offers 4 garage parking spaces (1:1 ratio), individually metered gas and electric, and master metered water. In-place rents are approximately 9% below market, offering upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. A solid multifamily investment in a strong East Oakland rental corridor.

Full Property Details for 2261 48th Ave

General

  • Price: $1,195,000
  • Status: Active
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML82045267
  • Updated: 5/20/2026
  • Added to Site: 54 day(s) ago

Additional Information

  • Extras: Not Applicable
  • Security/Safety: None

Parking

  • Garage Spaces: 4
  • Parking Features: Attached Garage

Location

  • County: Alameda

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Public Utilities
  • Metering: Master Water

Structural Information

  • Foundation: Concrete Perimeter
  • Roof: Rolled Composition
  • Disability Access: None
  • Square Feet: 4,278
  • Year Built: 1960

Unit Information

Unit 1

  • Bedrooms: 2

Unit 2

  • Bedrooms: 3

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Lot Features

  • Minimum Lot Size: 7300
  • Lot Size (Sq. Ft.): 7,300
  • Building Sites: 1
  • Zoning: RM

Listed by Marcus & Millichap, Eymon Binesh

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Listing agent

— 2261 48th Ave —

  • Eymon Binesh

    Marcus & Millichap

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2261 48th Ave

School District:Oakland Unified School District
NameGradesDistance
Horace Mann Elementary School, Oakland, CA
5222 Ygnacio Avenue, Oakland, CA 94601
K-50.3 mi
United For Success Academy
2101 35th Avenue, Oakland, CA 94601
6-80.9 mi
Urban Promise Academy
3031 East 18th Street, Oakland, CA 94601
6-81.1 mi
Fremont High
4610 Foothill Boulevard, Oakland, CA 94601
9-120.3 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 2261 48th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2026
Price Reduced
$1,195,000
-20.33%
MLS
4/30/2026
Listed
$1,500,000
13.21%
MLS
7/12/2017
Sold
$1,325,000
—
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 2261 48th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,446
3%
$1,507,597
2%
2024
$22,665
-4%
$1,478,037
2%
2023
$23,667
3%
$1,449,058
2%
2022
$22,917
5%
$1,420,651
2%
2021
$21,809
1%
$1,392,800
1%
2020
$21,563
4%
$1,378,530
2%
2019
$20,680
2%
$1,351,500
2%
2018
$20,240
155%
$1,325,000
196%
2017
$7,928
4%
$446,983
2%
2016
$7,658
3%
$438,218
5%
2015
$7,425
-21%
$418,040
2%
2014
$9,428
24%
$409,851
—
2013
$7,598
—
$408,000
—
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 2261 48th Ave

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Marcus & Millichap, Eymon Binesh

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2261 48th Ave, Oakland, CA 94601 (MLS# ML82045267) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2261 48th Ave is currently listed for $1,195,000 and was received on April 30, 2026. Want to learn more about 2261 48th Ave? Do you have questions about finding other Multi-Family 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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