2223 E 23rd St, Oakland, CA 94606

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
2223 E 23rd St,Oakland, CA 94606
$938,000
  • 14 Beds
  • - Baths
  • 3,981 sq. ft.
  • Multi-family
  • Active
Listed by: leo zhang, gloria chunOff: 510-739-4000
Office: re/max accord510-739-4000
MLS#:41141385
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$938,000
  • Price per sq. ft.:$235.62

About this home

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...

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Home facts

  • Year built:1898
  • Subdivision & Development:None
  • Listing ID #:41141385
  • Added:46 day(s) ago
  • Updated:August 27, 2026 at 02:38 PM

Rooms and interior

  • Bedrooms:14
  • Flooring:Concrete, Laminate
  • Living area:3,981 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1898
  • Building area:3,981 sq. ft.
  • Lot area:0.16 Acres
  • Architectural Style:Quadruplex
  • Construction Materials:Wood Siding
  • Exterior Features:Back Yard

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$938,000
  • Price per sq. ft.:$235.62

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Detached, Parking Lot
  • Garage:Yes
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 27, 2026

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