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0 Baths

$918,000

2223 E 23Rd St, Oakland CA, 94606

Price per sqftN/A
Built in1898
Property typeMulti-family
Listed by Leo Zhang CA DRE# 02024974 with RE/MAX Accord 510-590-1628

Overview

Active

Listed Jul 11, 2026

Updated 2 weeks ago

A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,900 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland’s most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you’re a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walk ability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland’s ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don’t miss it.

$6,107/mo

Est. mortgage payment based on a $918,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
41141385

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Garage
Yes

Also listed on BEAR

MLS provider logo

Listed by Leo Zhang CA DRE# 02024974 with RE/MAX Accord 510-590-1628

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/17/2026 at 7:06 AM UTC Last Checked: 7:06 AM UTC

 

 

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