Quadplex with Coin
For Sale
$918,000
2223 E 23Rd St, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size3,981 SF
Lot Size0.16 Acres
Price / SF$230.60
Days on Market97
Property Features for 2223 E 23Rd St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
14
Bathrooms
17
Full bathrooms
17
Rooms
Bathroom 1, Bedroom 2, Bedroom 14, Bedroom 7, Bedroom 11, Bathroom 15, Bedroom 5, Bedroom 9, Bathroom 5, Bedroom 3, Bedroom 8, Bathroom 13, Bathroom 3, Bathroom 16, Bathroom 14, Bathroom 10, Bathroom 7, Bedroom 13, Bedroom 6, Bathroom 6, Bathroom 12, Bathroom 4, Bedroom 4, Bedroom 10, Bedroom 1, Bathroom 2, Bathroom 17, Bedroom 12, Bathroom 11, Bathroom 9, Bathroom 8
Parking features
Parking Lot
Exterior features
Back Yard
Fencing
Fenced
Appliances
Gas Water Heater
Lot features
Rectangular Lot
Directions
GPS
Subdivision
Listing
Standard status
Active
APN
2229631
Size
3,981 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
coin laundry
Building Details
Year built
1898
Number of units
4
Flooring type
Concrete, Laminate
Building materials
Wood Siding
Listing Agency:
RE/MAX Accord · RE/MAX International
(510) 739-4000
Listed By:
Leo Zhang · License #02024974
(510) 590-1628
Added: Jul 11
Changed: Sep 16
Last Checked: Oct 15 at 7:06AM
MLS# 41141385
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.
This four-unit multifamily property contains 3,981 square feet of living space on a 7,000-square-foot lot. On-site coin laundry provides an additional property feature, while the improvements include wood siding, laminate and concrete flooring, wall-furnace heating, a gas water heater, a fenced back yard, and parking-lot spaces. Public water and public sewer serve the property.
Constructed in 1898, the building is located at 2223 E 23Rd St in Oakland’s 94606 ZIP code. The surrounding area provides access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880, I-580, Oakland International Airport, and Jack London Square. The property is identified as a quadplex and has a cap rate exceeding 8%.
Constructed in 1898, the building is located at 2223 E 23Rd St in Oakland’s 94606 ZIP code. The surrounding area provides access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880, I-580, Oakland International Airport, and Jack London Square. The property is identified as a quadplex and has a cap rate exceeding 8%.
Key Highlights
- 3,981 square feet of living space on a 7,000 square foot lot
- Four‑unit multifamily building with on‑site coin laundry
- Cap rate exceeding 8%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,213
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,260
$1.6M
Cap Rate 7%
$1,117,329
$1.1M
Cap Rate 9%
$869,033
$869.0K
Market Conditions
NOI Build-Up for 3,981 SF
Gross rent
$150.5K $37.80/SF
− Vacancy
−$8.3K −$2.08/SF
EGI
$142.2K $35.72/SF
− OpEx
−$64.0K −$16.07/SF
NOI
$78.2K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,260
Cap Rate 7%
$1,117,329
Cap Rate 9%
$869,033
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,576 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$1.12M
$977.7K – $1.30M
NOI $78,213 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,944 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with on-site coin laundry, a fenced yard, parking, and public water and sewer service.
Where is this quadplex located?
The property is located at 2223 E 23Rd St Oakland, CA.
What is the asking price?
The asking price for this property is $918,000.
What are key features of this property?
This property features: 3,981 square feet of living space on a 7,000 square foot lot; Four‑unit multifamily building with on‑site coin laundry; Cap rate exceeding 8%
