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$849,000
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2831 Martin Luther King Jr Way Overview
- Time on Site:
- 18 days
- Visits:
- 0
Rare opportunity to acquire a fully occupied 5-unit apartment building in the heart of North Oakland. Located near the Temescal District, MacArthur BART, Berkeley, and Emeryville, this well-maintained property offers strong in-place income and long-term investment potential. The property features remodeled units, a newer roof, fresh exterior paint, and tenant-paid PG&E, helping reduce operating expenses. Electric water heaters further improve efficiency. The unit mix consists of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit, totaling approximately 3,420 square feet. Conveniently located near major transportation corridors, shopping, dining, and employment centers, this property is ideal for investors, owner-operators, and 1031 exchange buyers seeking stable cash flow in one of Oakland's strongest rental markets. Property to be sold in its present AS-IS condition. Buyer to independently verify all property information, including square footage, unit count, income, expenses, permits, and zoning.
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2831 Martin Luther King Jr Way Facts & Features
- Type Multi-Family
- Lot 0.06 Acres
Details
General
Income/Expenses
- Net Operating Income: 64421.0
Building Information
- Year Built: 1912
Location/Region
- County Or Parish: Alameda
- Postal City: OAKLAND
- Subdivision Name: PILL HILL
General Information
- Property Type: Residential Income
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Appliances: Electric Water Heater
Exterior
Parking Information
- Parking Total: 2.0
Lot Information
- Lot Size Area: 2520.0
- Lot Size Square Feet: 2520.0
- Lot Size Units: Square Feet
Building Exterior/Construction
- Construction Materials: Stucco
General Information
- Number Of Units Total: 5
2831 Martin Luther King Jr Way Neighborhood
Community
94609 (Oakland) Demographics
34
Median Age
13,890
Population Density (per sq. mile)
66%
College Educated
$95,693
Estimated Median Income
2,986
Estimated Total Home Owners
6,947
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2831 Martin Luther King Jr Way Monthly Cost
2831 Martin Luther King Jr Way Market Data
Based on the last 30 days in this zip code
$842,117
Average List Price
$564
Average Price per Square Foot
13
Properties Sold
53
Average Days on Market
51
Properties for Sale
2831 Martin Luther King Jr Way History
| Date | Value | Agent |
|---|---|---|
| 6/11/2026Source: CRMLS | June 11, 2026 |
Listing provided courtesy of BHHS Drysdale AlamedaChristopher Paratore- MLS# 41137937
Contact Information: [email protected] - 510-523-1144
Contact Information: [email protected] - 510-523-1144