Two-Story Fourplex with Updated
2256 83Rd Ave Oakland, CA 94605
2256 83Rd Ave, Oakland, CA, 94605
$795,000
Pending
For Sale
$795,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size3,420 SF
Lot Size0.12 Acres
Days on Market47
Property Features for 2256 83Rd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-2
- Bedrooms
- 8
- Rooms
- Bedroom 7, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 8
- Parking features
- Covered, Garage
- Exterior features
- Front Yard, Yard Space
- Fencing
- Fenced, Partial
- Standard status
- Pending
- APN
- 434572182
- Size
- 3,420 SF
- Lot size
- 0.12 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1960
- Flooring type
- Vinyl, Tile
- Building materials
- Stucco, Frame
Listing Agency
Keller Williams Realty
(925) 934-2900
201 N Civic Drive, Suite 130, Walnut Creek, CA
Listed by
Joey Wang · License #01890931
(510) 592-5554
Added: Jun 5 Updated: Jul 12 at 5:32 am Checked: Jul 21 at 3:06 am
MLS# 41137414
Listing URL
Copyright © 2026 bridgeMLS. 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.
Built in 1960, this two-story stucco fourplex was designed around a consistent 2-bed/1-bath layout across all four units. Updates include revised kitchens with dark shaker cabinetry, quartz-style counters, gas ranges, fresh laminate flooring, and new paint. The property also provides four dedicated parking spaces and three garage bays, with one garage bay transferring to the new owner.
Located in Oakland and zoned RM-2, the home sits at the crossroads of two major East Bay commuter corridors. The area is described as convenient to International Blvd retail and transit, with I-580 and I-880 accessible within minutes.
For buyers seeking a straightforward rental structure, all four units share the same functional layout, which can simplify leasing and turnover. Public remarks indicate that most tenants pay their own utilities. Unit A is currently vacant for immediate lease-up, while two additional units are on month-to-month terms, offering flexibility for an owner after occupancy changes.
Located in Oakland and zoned RM-2, the home sits at the crossroads of two major East Bay commuter corridors. The area is described as convenient to International Blvd retail and transit, with I-580 and I-880 accessible within minutes.
For buyers seeking a straightforward rental structure, all four units share the same functional layout, which can simplify leasing and turnover. Public remarks indicate that most tenants pay their own utilities. Unit A is currently vacant for immediate lease-up, while two additional units are on month-to-month terms, offering flexibility for an owner after occupancy changes.
Key Highlights
- Two‑story stucco fourplex built in 1960 with public water and public sewer
- Four units feature a shared 2‑bed/1‑bath layout
- Updated unit interiors include updated kitchens with quartz‑style counters, gas ranges, fresh laminate flooring, and new paint
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 | $104.7k | $30.60 |
| − Vacancy | −$5.8k | −$1.68 |
| EGI | $98.9k | $28.92 |
| − OpEx | −$29.7k | −$8.68 |
| NOI | $69.2k | $20.24 |
3,420 SF · lease $30.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$989.0K
$865.3K – $1.15M
NOI $69,227 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$886.5K
$775.7K – $1.03M
NOI $62,055 @ 7.0% cap · market cap 7.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Two-story fourplex offers four updated 2-bed/1-bath units with dedicated parking and garage space.
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: Two‑story stucco fourplex built in 1960 with public water and public sewer; Four units feature a shared 2‑bed/1‑bath layout; Updated unit interiors include updated kitchens with quartz‑style counters, gas ranges, fresh laminate flooring, and new paint
