High-Cash Flow Multi-Unit
2506 Highland Ave Oakland, CA 94606
2506 Highland Ave, Oakland, CA, 94606
$899,000
Pending
For Sale
$899,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size2,265 SF
Lot Size0.10 Acres
Days on Market71
Property Features for 2506 Highland Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bedroom 7, Bathroom 7, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 8, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 2
- Parking features
- Off Street
- Exterior features
- Back Yard
- Appliances
- Gas Water Heater
- Standard status
- Pending
- APN
- 2235127
- Size
- 2,265 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1911
- Number of units
- 3
- Flooring type
- Laminate, Tile, Wood
- Building materials
- Stucco, Wood Siding
- Roof type
- Composition
Listing agency
RE/MAX Accord
(510) 739-4000
Listed by
Leo Zhang
(510) 590-1628
Added: May 14 Updated: Jun 8 at 9:56PM Checked: Jul 22 at 11:06PM
MLS# 41134780
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.
Investment Insights
Based on property information with market context.
Located in the Highland Terrace neighborhood, this multi-unit property presents an investment opportunity. The main level features a 4-bedroom, 2-bathroom unit with a living and dining room that includes traditional crown molding. The kitchen is equipped with Cherrywood cabinets and appliances. The garage has been converted into a separate 2-bedroom, 1-bathroom unit. The back unit is a fully independent 2-bedroom, 1-bathroom unit with its own PG&E and water meters, a full kitchen, and a bathroom. The property is situated on a lot of 0.102 acres and includes a backyard, a wide driveway, and an automatic security gate. The property size is 2265 square feet. The property is located in Oakland, CA 94606.
Key Highlights
- Multi‑unit setup: main 4BR/2BA plus two separate 2BR/1BA units (garage‑converted and back unit)
- Back unit is fully independent with its own PG&E and water meters, kitchen, and bathroom
- Market rent estimates: 4BR/2BA $3,500/mo; upper 2BR/1BA $2,700/mo; lower 2BR/1BA $2,500/mo
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.4k | $32.40 |
| − Vacancy | −$3.8k | −$1.69 |
| EGI | $69.6k | $30.71 |
| − OpEx | −$20.9k | −$9.21 |
| NOI | $48.7k | $21.50 |
2,265 SF · lease $32.40/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$695.6K
$608.6K – $811.5K
NOI $48,689 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$635.7K
$556.2K – $741.7K
NOI $44,499 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.03M
$902.8K – $1.20M
NOI $72,225 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multi-unit property in Highland Terrace neighborhood with income potential.
Where is this triplex located?
The property is located at 2506 Highland Ave Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Multi‑unit setup: main 4BR/2BA plus two separate 2BR/1BA units (garage‑converted and back unit); Back unit is fully independent with its own PG&E and water meters, kitchen, and bathroom; Market rent estimates: 4BR/2BA $3,500/mo; upper 2BR/1BA $2,700/mo; lower 2BR/1BA $2,500/mo
