Alameda Multi-Unit Investment
For Sale
$1,995,000
1606 MORTON ST, Alameda, CA 94501
Five-unit property with garages on a 10,000 sq ft lot.
Property Size3,231 SF
Lot Size0.23 Acres
Price / SF$617.46
Days on Market309
Property Features for 1606 MORTON ST
General Information
Standard status
Active
Size
3,231 SF
Lot size
0.23 Acres
Property subtype
Commercial
Amenities
Detached Garage
Playground
Composition Roof
Corner
Electric Heating
Gas Heating
Guest Parking
Hardwood Flooring
In Laundry Room
Laundry Facility - Coin-Op
Linoleum Flooring
Off-Site Parking
Wall to Wall Carpet Flooring
Building Details
Year Built
1885
Listing Agency:
SHAMROCK, REALTORS
(510) 357-8243
Listed By:
JAMES ESMEYER
(510) 909-8344
Source:
Corcoran
Added: Oct 31, 2025
Changed: Aug 21
Last Checked: Sep 2 at 7:36PM
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 SHAMROCK, REALTORS
Investment Insights
Based on property information with market context.
This multi-unit property, located in Alameda, presents an investment opportunity. Constructed around 1885, the building encompasses approximately 3,231 sq ft and is situated on a 10,000 sq ft lot. The property features five one-bedroom, one-bath residences. Each unit includes a one-car garage. Additionally, there are two detached storage buildings. The property is located in Central Alameda, near dining, shopping, and Bayfront amenities. The large lot provides possibilities for expansion, upgrades, or redevelopment.
Key Highlights
- Five (5) one‑bedroom, one‑bath residences, each with a one‑car garage, providing a solid income stream.
- Generous 10,000 sq ft lot offers possibilities for expansion, upgrades, or redevelopment (buyer to verify with city).
- Located in desirable Central Alameda, near dining, shopping, and Bayfront amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property with garages on a 10,000 sq ft lot.
Where is this apartment building located?
The property is located at 1606 MORTON ST Alameda, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Five (5) one‑bedroom, one‑bath residences, each with a one‑car garage, providing a solid income stream.; Generous 10,000 sq ft lot offers possibilities for expansion, upgrades, or redevelopment (buyer to verify with city).; Located in desirable Central Alameda, near dining, shopping, and Bayfront amenities.
