Multifamily Property for Sale in Oakland, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oakland, CA 94601

Description

Marcus $ Millichap is pleased to present 203 Bissell Ave, a well-maintained 4 unit multifamily property located in East Oaklands Lower Maxwell Park/Melrose area. Built in 1960, the property features approximately 4,278 SF on a 0.17acre lot and is 100% occupied, providing stable in-place income. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. The property offers 4 garage parking spaces (1:1 ratio), individually metered gas and electric, and master metered water. In-place rents are approximately 9% below market, offering upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. A solid multifamily investment in a strong East Oakland rental corridor. Investment Highlights: • Offered at $1,500,000 ($375,000 per unit / $350.63 per square foot), the property features reliable, stable rental income with 100% current occupancy. In-place rents are approximately 9% below market • The property comprises 2-bedroom/1-bath and 3-bedroom/2- bath units, catering to a wide range of tenants. Each unit is well maintained with modern amenities • Oakland's constrained housing market, combined with the property's location in a growing area, presents 2261 48th Ave as a strong investment with potential for sustained demand and future appreciation

Market Context

This multifamily in Oakland, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Oakland, CA — <a href="/search/sale/multifamily/california/oakland">view the full market</a>.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: Consensus Q1 2026 market report.

Its 5.5% asking cap rate is above the Oakland / East Bay multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per Consensus.

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