2223 E 23Rd St, Oakland, CA 94606 (MLS # 41141385)
Twitter
Facebook
Email
|
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 $7,830 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 walkability 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 7/12/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1898 |
| COUNTY | Alameda | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| CONSTRUCTION | Wood Siding |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 7000 sq ft |
| LOT DESCRIPTION | Back Yard |
| LOT DIMENSIONS | 7000 |
| PARKING | Garage |
| SUBDIVISION | None |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/12/26 1:13 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2026.