Oakland Multifamily Property for Sale

303 Lee St, Oakland, CA 94610

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For Sale

$7,450,000

Three-story multifamily property with renovated units and on-site laundry.

Type:Investment

Property size:

18,720 SF

Price / SF:

$397/SF

HighLights

High Rentable Square Footage: 18,720 sq ft provides substantial income potential.
Mix of 25 Units: Includes 7 two‑bedroom and 18 one‑bedroom units, appealing to a diverse tenant base.
Separate Gas and Electric Meters: Minimizes owner's expenses and simplifies utility management.
Renovated Units: 80% of units have been renovated, reducing immediate capital expenditure.
On‑Site Laundry: Coin‑operated laundry provides additional income.
Excellent Location: Benefit from a high Walk Score (89), Bike Score (100) and Transit Score (67) for convenient access to amenities and transportation.

We can help!

Listing Contact

Steven Peterson

Learn more

For Sale

$7,450,000

Three-story multifamily property with renovated units and on-site laundry.

Type:Investment

Property size:

18,720 SF

Price / SF:

$397/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 4:07 pm

Property Features for 303 Lee St

General Information

Standard status: Active
Size: 18,720 SF
Property subtype: Investment

Building Details

Year Built: 1964

We can help!

Listing Contact

Steven Peterson

Listing agent Steven Peterson License #01746140

Listing office INFINITY INVESTMENTS

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of INFINITY INVESTMENTS

HighLights

High Rentable Square Footage: 18,720 sq ft provides substantial income potential.
Mix of 25 Units: Includes 7 two‑bedroom and 18 one‑bedroom units, appealing to a diverse tenant base.
Separate Gas and Electric Meters: Minimizes owner's expenses and simplifies utility management.
Renovated Units: 80% of units have been renovated, reducing immediate capital expenditure.
On‑Site Laundry: Coin‑operated laundry provides additional income.
Excellent Location: Benefit from a high Walk Score (89), Bike Score (100) and Transit Score (67) for convenient access to amenities and transportation.

Overview

Located at 303 Lee Street in Oakland, California, this three-story property offers 18,720 rentable square feet. Constructed in 1964, the building features a concrete perimeter foundation, wood exterior walls, and a composition shingle roof. The unit mix comprises 7 two-bedroom, one-bathroom units and 18 one-bedroom, one-bathroom units, each equipped with private baths and kitchens. The property includes on-site laundry facilities and 23 parking spaces. Eighty percent of the units have been renovated. Each unit is separately metered for gas, electricity, and hot water, reducing owner expenses. The property is in good condition with no deferred maintenance. Upper-level units offer pleasant views from the entry and living room. The coin-operated laundry provides additional income. The location is considered a Biker's Paradise with a bike score of 100, very walkable with a walk score of 89, and has good transit with a transit score of 67.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$752.5k	$40.20
− Vacancy	−$33.9k	−$1.81
EGI	$718.7k	$38.39
− OpEx	−$323.4k	−$17.28
NOI	$395.3k	$21.12

18,720 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$5.65M

$4.94M – $6.59M (±1% cap)

NOI $395,274 @ 7.0% cap · market cap 5.31%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$6.13M

$5.36M – $7.15M (±1% cap)

NOI $429,021 @ 7.0% cap · market cap 5.76%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.256671
Latitude: 37.8116222

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For sale
Apartment buildings
CA
Oakland
94610
303 Lee St

What type of property is this?

Apartment building - Three-story multifamily property with renovated units and on-site laundry.

Where is this apartment building located?

The property is located at 303 Lee St Oakland, CA.

What is the asking price?

The asking price for this property is $7,450,000.

What are key features of this property?

This property features: High Rentable Square Footage: 18,720 sq ft provides substantial income potential.; Mix of 25 Units: Includes 7 two‑bedroom and 18 one‑bedroom units, appealing to a diverse tenant base.; Separate Gas and Electric Meters: Minimizes owner's expenses and simplifies utility management.

303 Lee St, Oakland, CA 94610

Three-story multifamily property with renovated units and on-site laundry.

Property Features for 303 Lee St

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Oakland Commercial Property on International Blvd

Vacant-Delivery Triplex Opportunity

Two-Story Fourplex with Updated Units

Fourplex with Private Entries

Duplex with Rear Yard

Victorian Fourplex in Downtown Oakland

Duplex with Attached Garage

Oakland Fourplex with Vacant Unit

Oakland Triplex Near Pill Hill

Remodeled Two-Home Property with ADU

Duplex with Canyon View Deck

Oakland Multifamily Property For Sale

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