2223 E 23rd St
Oakland, CA 94606
Highland Terrace
14 Beds
6 Baths
3,981 sqft
14 Beds
6 Baths
3,981 sqft
Local Information
- Map ViewExplore the area around 2223 E 23rd St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
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.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$236
Listed
3 days ago
Home Details for 2223 E 23rd St
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Interior Details Basement: Other |
Beds & Baths Number of Bedrooms: 14Number of Bathrooms: 6 |
Dimensions and Layout Living Area: 3981 Square Feet |
Appliances & Utilities Appliances: Gas Water Heater |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: No Air ConditioningHas HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Concrete, Laminate |
Levels, Entrance, & Accessibility Floors: Concrete, Laminate |
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Exterior Home Features Roof: OtherFencing: Fenced |
Parking & Garage No CarportHas a GarageNo Attached GarageParking: Detached,Parking Lot |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 3 |
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Year Built Year Built: 1898 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, Quadruplex |
Building Construction Materials: Wood SidingAttached To Another Structure |
Property Information Parcel Number: 2229631 |
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Price List Price: $938,000Price Per Sqft: $236 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: New |
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Direction & Address City: OaklandCommunity: None |
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Listing Agent Listing ID: 41141385 |
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Building Area Building Area: 3981 Square Feet |
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Community Features: Other |
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No HOA |
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Lot Area: 6969.6 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: Excl RightListing Terms: Cash, Conventional |
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Mobile Home Park Mobile Home Units: Feet |
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Expense Tenant Pays: Other |
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BasementMls Number: 41141385Attribution Contact: Off: 510-739-4000Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square Feet |
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Other |
Last check for updates: about 7 hours ago
Listing courtesy of Leo Zhang DRE #02024974, (510) 739-4000
Re/max Accord
Gloria Chun DRE #02084703, (510) 560-5666
Re/max Accord
Source: Bay East AOR, MLS#41141385
Also Listed on CRMLS, Bay East AOR.
Market trends in Oakland
Last updated June 2026
Avg. sale price
$863K
$63.33KMoM
Sale-to-List Price
108.5%
1.7%MoM
Price per sq ft
$575
$13MoM
Available listings
769
13MoM
Price History for 2223 E 23rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 07/12/2026 | $938,000 | Listed For Sale | Bay East AOR #41141385 |
| 08/06/2019 | $1,186,000 | ListingRemoved | Agent Provided |
| 04/12/2019 | $1,186,000 | PendingToActive | Agent Provided |
| 04/12/2019 | $1,186,000 | Pending | Agent Provided |
| 12/01/2018 | $1,186,000 | PriceChange | Agent Provided |
| 10/23/2018 | $1,188,000 | PendingToActive | Agent Provided |
| 10/17/2018 | $1,188,000 | Pending | Agent Provided |
| 08/09/2018 | $1,188,000 | PriceChange | Agent Provided |
| 07/26/2018 | $1,199,900 | PriceChange | Agent Provided |
| 06/13/2018 | $1,199,000 | Listed For Sale | Agent Provided |
| 12/08/2016 | $806,000 | Sold | Bay East AOR #40761140 |
| 10/29/2016 | $799,000 | Pending | Agent Provided |
| 10/18/2016 | $799,000 | PriceChange | Agent Provided |
| 08/30/2016 | $886,000 | PendingToActive | Agent Provided |
| 08/19/2016 | $886,000 | Pending | Agent Provided |
| 08/12/2016 | $886,000 | PendingToActive | Agent Provided |
| 08/12/2016 | $886,000 | Pending | Agent Provided |
| 06/08/2016 | $886,000 | PendingToActive | Agent Provided |
| 06/03/2016 | $886,000 | Pending | Agent Provided |
| 03/17/2016 | $886,000 | PendingToActive | Agent Provided |
| 03/17/2016 | $886,000 | Pending | Agent Provided |
| 03/10/2016 | $886,000 | PendingToActive | Agent Provided |
| 03/10/2016 | $886,000 | Pending | Agent Provided |
| 03/09/2016 | $886,000 | PendingToActive | Agent Provided |
| 02/23/2016 | $886,000 | Pending | Agent Provided |
| 09/08/2006 | $938,000 | Sold | N/A |
| 06/06/2003 | $630,000 | Sold | N/A |
| 07/21/2000 | $453,000 | Sold | N/A |
| 10/19/1999 | $170,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $935,410 |
Home facts updated by county records
Comparable Sales for 2223 E 23rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.21 | Multi-Family Home | $955,000 | 11/12/25 | 10 | 4 | 3,480 | |
0.19 | Multi-Family Home | $930,000 | 03/09/26 | 9 | 5 | 2,898 | |
0.19 | Multi-Family Home | $860,000 | 07/06/26 | 8 | 4 | 2,265 | |
0.57 | Multi-Family Home | $790,000 | 02/05/26 | 11 | 7 | 3,544 | |
0.43 | Multi-Family Home | $1,375,000 | 11/24/25 | 12 | 8 | 3,752 | |
0.36 | Multi-Family Home | $1,300,000 | 09/10/25 | 8 | 4 | 3,378 | |
0.27 | Multi-Family Home | $980,000 | 06/16/26 | 8 | 4 | 2,612 | |
0.25 | Multi-Family Home | $735,000 | 11/05/25 | 3 | 4 | 2,738 | |
0.25 | Multi-Family Home | $822,000 | 02/19/26 | 6 | 4 | 2,377 |
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Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 2223 E 23rd St.
- Garfield Elementary School
- K-5
- Public
- 454 Students
3/10GreatSchools RatingParent Rating AverageMy daughter got a scholarship to a middle school and we found that she was working at about the third or fourth grade level even though Garfield said she was gifted and a top student. She even got awards.Parent Review10y ago - Oakland High School
- 9-12
- Public
- 1579 Students
4/10GreatSchools RatingParent Rating Averageteachers are nice there is very little of the teachers don't care about studentsParent Review4y ago - Roosevelt Middle School
- 6-8
- Public
- 512 Students
3/10GreatSchools RatingParent Rating AverageRoosevelt middle school where shall I start. I actually went to this school. I'm 32 now. And my seven siblings also went here. Now it's my daughter's first year. It's a big difference from when I went. And especially these 10 yrs approx that mr. Principal Hong has been there. Has been positive energy. And he's always available to hear us parents out. He also has such a great staff behind him. Whom truly care for Roosevelt. Don't let the bad rep fool you. And don't listen to what everyone says. See for your self. Roosevelt is thriving and trying to just go up and up. As long as parents stay vocal as well. And try to be positive and give your feedback because they want to know. Also the teachers so far that I've dealt with for my daughter. There just the best. Shout out to Ms. Toumi, Brooks, Allison, samana, bell, I love them all. They are all dedicated teachers. And I'm glad my daughter has such great support from. Her teachers. I can't wait to see more positive from Roosevelt. Every school h as s good and bads but I feel the good out weighs the bad for sure. Thanks Roosevelt for the great year start off so far.Parent Review6y ago 
Check out schools near 2223 E 23rd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Highland Terrace
At least 2 Trulia users voted on each feature.
100 % Say it's dog friendly
100 % Say yards are well-kept
100 % Say it's walkable to restaurants
100 % Say car is needed
100 % Say kids play outside
80 % Say neighbors are friendly
75 % Say there's holiday spirit
67 % Say they plan to stay for at least 5 years
67 % Say parking is easy
67 % Say streets are well-lit
67 % Say it's walkable to grocery stores
50 % Say people would walk alone at night
33 % Say there are sidewalks
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Leo Zhang, Re/max Accord
Agent Phone: (510) 739-4000
Bay 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 or any purpose other than to identify prospective properties consumers may be
interested in purchasing. Data last updated at 2026-07-13 13:18:19 PDT.
2223 E 23rd St, Oakland, CA 94606 is a 14 bedroom, 6 bathroom, 3,981 sqft multi-family built in 1898. 2223 E 23rd St is located in Highland Terrace, Oakland. This property is currently available for sale and was listed by Bay East AOR on Jul 12, 2026. The MLS # for this home is MLS# 41141385.