Listed by Nicole Norris of Marquardt Property Management
Rare opportunity to acquire a well-maintained 11-unit Queen Anne Victorian offering distinctive architectural character, established rental income, and long-term, stable tenancy. Built in 1892, this three-story property features a mix of studio and one-bedroom residences, a wraparound porch, high ceilings, a long tandem driveway, finished basement space, and an expansive grassy front yard. Significant capital improvements include approximately $135,000 in recently completed permitted electrical upgrades, a permitted earthquake-resistant reinforced perimeter foundation with shear-wall protection, and a garage roof replacement in 2016. Current monthly rental income is $12,412.48. Offered at $1,095,000, the property presents an estimated 6.3% cap rate and 7.4 GRM based on seller-provided financial information. The property carries a City of Oakland historic designation and is reportedly exempt from the Soft Story Ordinance. Buyers should independently verify all financial information, permits, records, and ordinance applicability. A distinctive Oakland multifamily investment combining historic charm, consistent ownership care, established income, and long-term investment potential.

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Based on information submitted to CRMLS as of September 21, 2026 4:19 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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