Two-Story Fourplex Income
For Sale
$795,000
Pending
2256 83Rd Ave, Oakland, CA 94605
Four, two-bedroom units with updated interiors and dedicated parking support straightforward residential income ownership.
Days on Market54
Property Features for 2256 83Rd Ave
General Information
Standard status
Pending
Total Parking Spaces
4
Property subtype
Investment
Occupancy
75%
Additional Details
Cap Rate
8.3%
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1960
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Walnut Creek
(510) 592-5554
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Source:
Elliman
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 1 at 10:23AM
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 Keller Williams Realty Walnut Creek
Investment Insights
Based on property information with market context.
Built in 1960, this two-story stucco fourplex offers a consistent unit mix with four homes sharing a clean 2-bed/1-bath layout. Updates include refreshed kitchens with dark shaker cabinets and quartz-style counters, gas ranges, new paint, and fresh laminate flooring. The property also features four dedicated parking spaces and three garage bays, with one garage bay transferring to the new owner. Most tenants pay their own utilities.
The building is located at the crossroads of two major East Bay commuter corridors, with nearby access to International Blvd retail and transit and commuter routes including I-580 and I-880. BikeScore is 69, WalkScore is 72, and TransitScore is 67, supporting practical day-to-day connectivity for residents.
From an ownership perspective, the setup is simple and repeatable: all four units share the same floorplan and recently updated finishes. Current in-place income is reported at $108,804, with one unit (Unit A) delivered vacant for immediate lease-up and two additional tenants on month-to-month terms. The remarks also reference stabilized income of $126,300 and an overall pricing framework of $198,750 per unit, presented for sale at $795,000.
The building is located at the crossroads of two major East Bay commuter corridors, with nearby access to International Blvd retail and transit and commuter routes including I-580 and I-880. BikeScore is 69, WalkScore is 72, and TransitScore is 67, supporting practical day-to-day connectivity for residents.
From an ownership perspective, the setup is simple and repeatable: all four units share the same floorplan and recently updated finishes. Current in-place income is reported at $108,804, with one unit (Unit A) delivered vacant for immediate lease-up and two additional tenants on month-to-month terms. The remarks also reference stabilized income of $126,300 and an overall pricing framework of $198,750 per unit, presented for sale at $795,000.
Key Highlights
- 1960‑built two‑story stucco fourplex with four units, all sharing the same 2‑bed/1‑bath layout
- Updated unit interiors include updated kitchens, dark shaker cabinets, quartz‑style counters, gas ranges, fresh laminate flooring, and new paint
- Income in place is $108,804 with an 8.3% cap; Unit A is delivered vacant for immediate lease‑up
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four, two-bedroom units with updated interiors and dedicated parking support straightforward residential income ownership.
Where is this quadplex located?
The property is located at 2256 83Rd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1960‑built two‑story stucco fourplex with four units, all sharing the same 2‑bed/1‑bath layout; Updated unit interiors include updated kitchens, dark shaker cabinets, quartz‑style counters, gas ranges, fresh laminate flooring, and new paint; Income in place is $108,804 with an 8.3% cap; Unit A is delivered vacant for immediate lease‑up
