326 Athol Ave - Multi-Family FOR SALE


Oakland, CA 94606- Cleveland Heights
$650,000 USD
650-770-8356
326 Athol Ave, Oakland, CA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/24
null | 4.03% Cap Rate

326 Athol Ave
Oakland, CA 94606
Cleveland Heights


HIGHLIGHTS

  • Duplex with two separate structures, including a 3BD/1.5BA single-family-home and a detached 2BD/1BA loft unit.
  • Cleveland Heights location near Lake Merritt (0.6 mi) and Jack London Square (2.2 mi) combining strong rental demand with a quiet residential setting.
  • Flexible income strategy—appeals to families, roommates, or owner-users (live in one unit, rent the other) with potential for premium rents.

OVERVIEW

326–328 Athol Avenue presents a unique duplex investment opportunity in Oakland’s highly desirable Cleveland Heights neighborhood, offering a rare blend of multifamily income with the feel and functionality of a single-family residence. Located just 0.6 miles from Lake Merritt and approximately 2.2 miles from Jack London Square, the property benefits from close proximity to premier dining, retail, and waterfront amenities, while remaining in a quiet, residential setting that continues to attract strong tenant demand. The property is composed of two separate structures, highlighted by a spacious single-family home exceeding 1,500 square feet. This front residence features three bedrooms and one-and-a-half bathrooms, providing a highly desirable housing option that appeals to families, roommates, and long-term tenants seeking more space and privacy than traditional apartment living. The single-family nature of this unit is a key driver of the property’s appeal, offering flexibility in leasing strategy, the ability to command premium rents, and strong potential for an owner-user seeking to occupy one unit while generating supplemental income from the rear unit. Complementing the main home is a detached two-bedroom, one-bathroom loft-style unit located at the rear of the property. This secondary structure adds an additional income stream while maintaining privacy between the two units, a feature that is increasingly valued by tenants. The layout of the property allows for independent living spaces, making it well-suited for a variety of tenant profiles or an owner-occupant scenario. As part of a larger contiguous assemblage opportunity with the neighboring properties at 320–322 Athol Avenue and 330 Athol Avenue, this duplex offers investors the ability to scale within a prime Oakland submarket. Whether acquired individually or as part of a portfolio, 326–328 Athol Avenue stands out for its strong fundamentals, versatile unit mix, and the added appeal of a single-family-style residence within a multifamily investment.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

2

PRICE/UNIT

$325,000

CAP RATE

4.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

326-328 Athol Ave, Oakland CA 94606

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RM-2/S-13

APN/PARCEL ID

022-306-18

ASK ABOUT THIS PROPERTY

Tony ZizzoCompass CommercialMore Info
650-770-8356

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Tony ZizzoCompass CommercialMore Info
650-770-8356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.