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Ad #7669135
MLS #41141385
Listing photo

A rare and compelling income-producing opportunity in the heart

2223 E 23Rd St, Oakland, California, 94606
$938,000
14Beds
17Baths
3,981Sqft
0.161Acres

About this property

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.

Property Features

14 Beds
17 Baths
3,981 Sqft
Built in 1898
0.161 Acres
Parking Lot
Siding: Wood Siding
Wall Furnace
Alameda County

Additional Photos

Additional listing photo 1
Additional listing photo 2
Additional listing photo 3
Additional listing photo 4

Contact Information

Leo Zhang

RE/MAX Accord

510-590-1628

Location

Map
Listing Agent: Leo Zhang 510-590-1628
Broker: RE/MAX Accord 925-838-4100 Listing Site
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026

Photo Gallery

A rare and compelling income-producing opportunity in the heart - photo 1
A rare and compelling income-producing opportunity in the heart - photo 2
A rare and compelling income-producing opportunity in the heart - photo 3
A rare and compelling income-producing opportunity in the heart - photo 4
A rare and compelling income-producing opportunity in the heart - photo 5
A rare and compelling income-producing opportunity in the heart - photo 6
A rare and compelling income-producing opportunity in the heart - photo 7
A rare and compelling income-producing opportunity in the heart - photo 8
A rare and compelling income-producing opportunity in the heart - photo 9
A rare and compelling income-producing opportunity in the heart - photo 10
A rare and compelling income-producing opportunity in the heart - photo 11
A rare and compelling income-producing opportunity in the heart - photo 12
A rare and compelling income-producing opportunity in the heart - photo 13
A rare and compelling income-producing opportunity in the heart - photo 14
A rare and compelling income-producing opportunity in the heart - photo 15
A rare and compelling income-producing opportunity in the heart - photo 16
A rare and compelling income-producing opportunity in the heart - photo 17
A rare and compelling income-producing opportunity in the heart - photo 18
A rare and compelling income-producing opportunity in the heart - photo 19
A rare and compelling income-producing opportunity in the heart - photo 20
A rare and compelling income-producing opportunity in the heart - photo 21
A rare and compelling income-producing opportunity in the heart - photo 22
A rare and compelling income-producing opportunity in the heart - photo 23
A rare and compelling income-producing opportunity in the heart - photo 24
A rare and compelling income-producing opportunity in the heart - photo 25
A rare and compelling income-producing opportunity in the heart - photo 26
A rare and compelling income-producing opportunity in the heart - photo 27
A rare and compelling income-producing opportunity in the heart - photo 28
A rare and compelling income-producing opportunity in the heart - photo 29

$938,000

14
Beds
17
Baths
3,981
Sqft

2223 E 23Rd St, Oakland, California, 94606

By contacting this agent you agree to these Terms and Conditions.
Home California Oakland
A rare and compelling income-producing opportunity in the heart - photo 1
A rare and compelling income-producing opportunity in the heart - photo 2
A rare and compelling income-producing opportunity in the heart - photo 3
A rare and compelling income-producing opportunity in the heart - photo 4
A rare and compelling income-producing opportunity in the heart - photo 5
MLS# 41141385
Townhome/Townhouse For Sale

A rare and compelling income-producing opportunity in the heart

$938,000

2223 E 23Rd St, Oakland, California, 94606

14
Beds
17
Baths
3,981
Sqft
0.161
Acres
$938,000
2223 E 23Rd St, Oakland, California, 94606
14 Beds
17 Baths
3,981 Sqft
0.161 Acres
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.
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Property Details

HOME DETAILS

14 Beds
17 Baths
3,981 Sqft
Built in 1898
0.161 Acres

EXTERIOR

Parking Lot
Siding: Wood Siding

INTERIOR

Wall Furnace

FINANCIAL & COMMUNITY

Alameda County
See More Details

Location

Map
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Ad Statistics

Ad Number
7669135
Viewed
20 times
Listing Status
Active
Added
Jul 12, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM

Listing Information

Data Source
Bay East
Source Property ID
41141385
Listing Agent: Leo Zhang 510-590-1628
Broker: RE/MAX Accord 925-838-4100 Listing Site
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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By proceeding, you authorize Dream Home Network Inc., its service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners), its affiliates, and other real estate professionals that may not be associated with Dream Home Network, to contact you using the contact details you provided, via email, phone call, and text (SMS), including using automated dialing technology and prerecorded and artificial voice, for marketing or advertising purposes, including contacting you about your inquiry and other home-related matters. You understand that your consent to the foregoing is not a condition of any purchase. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. Dream Home Network Inc. may share information about your recent and future site activity with its affiliates and service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners) to help them better understand what you are looking for in a property. To opt-out at any time you can reply "STOP" or contact Dream Home Network Inc. at csv@dreamhomenetwork.com.
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SEARCH STATES
Alabama Alaska California Colorado Connecticut Delaware Florida Georgia Hawaii Louisiana Maine Maryland Mississippi New Hampshire New Jersey New York North Carolina Oregon Pennsylvania Rhode Island South Carolina Texas Virginia Washington
SERVICES
Buy Buy Advertise
COMPANY
Testimonials About Us Office Locations
SUPPORT
Help Contact Us
ADDITIONAL MARKETS
LakeHouse.com MountainHomes.com GolfHomes.com BarrierFreeHome.com
SUBSCRIBE
Receive notifications for new listings
Subscribe
X Facebook Instagram YouTube

Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 BeachHouse.com
Part of Dream Home Network, Inc.
Last updated on 2026.07.24
Terms & Policy