1523 Lincoln Ave, Alameda, California 94501, Alameda, 94501 - 0 bed, 0 bath
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1523 Lincoln Ave
Alameda, California 94501
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,244Sq Ft
4,370Lot Size
Property Price
LIST PRICE$1,600,000
EST. MARKET VALUE
$1,564,687
SUMMARY
This three-unit property represents a High-Potential Investment Opportunity, listed at $1,600,000—positioned slightly above the $1,564,687 Fair Market Value. Featuring a Condition Rating of 3, this asset combines a historic 1892 Victorian with a modern detached unit, offering significant rental yield potential. With separate utility meters and ADU expansion possibilities, it provides a stable income stream in a district served by Top-Rated Schools like Alameda High (9/10). This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property.
Estimated Market Value
$1,564,687
Based on Realkey algorithm analyzing recent comparable sales in Alameda.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1523 Lincoln Ave Subject | $1,600,000* List Price | 0 | 0 | 2,244 | $697 | - |
A 1712 Paru St Sold | $1,700,000 | 5 | 3 | 1,980 | $859 | 0.2 mi |
B 1427 1427 Bay St Sold | $1,520,000 | 4 | 3 | 2,135 | $712 | 0.3 mi |
C 1827 Santa Clara Ave Sold | $1,200,000 | 3 | 2 | 1,761 | $681 | 0.5 mi |
D 400 Harbor Light Rd Sold | $1,540,000 | 4 | 3 | 2,779 | $554 | 1.0 mi |
E 328 Sand Beach Rd Sold | $1,191,000 | 4 | 2 | 1,411 | $844 | 1.0 mi |
F 1112 San Antonio Ave Active | $1,299,500 List Price | 2 | 2 | 1,943 | $669 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although the primary structure was built in 1892, the property has undergone significant updates including modern electrical and plumbing systems. The kitchen features shaker-style cabinetry and stainless steel appliances consistent with a 5-15 year old renovation. The inclusion of a newer detached rear house and well-maintained LVP/hardwood flooring across all units makes it move-in ready and functional for tenants.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
- Income Generation & Expansion
This three-unit property is fully occupied with separate utility meters and offers the potential to add a fourth unit (ADU), maximizing rental yield for investors.
- Modernized Historic Charm
The property features a beautifully maintained 1892 Victorian alongside a modern detached home, both benefiting from updated kitchens, electrical, and plumbing systems.
CONSRISKS & DEFICIENCIES
- Recent Price Appreciation
A significant recent price increase from $1.148M to $1.6M may impact the immediate capitalization rate and attractiveness to value-driven buyers.
- Historic Home Maintenance
The 1892 construction of the primary building may require specialized and ongoing maintenance common to Victorian-era structures despite recent updates.
About 1523 Lincoln Ave
Beautiful 3-units | 2 House on 1 Lot | 1892 Victorian in excellent location. The front house is a 2 units two-story building with painted wood siding with crown moldings, a wide driveway plus garage and basement storage space. The third unit in the back is the newer detached single family house with modern design and features. Walking up the front stair leads you to balcony entrance of units A. Walking down the right hallway leads to unit B on the ground floor, and units C in the back of the lot. All 3 units have hardwood / LVP floors and tiles. Many units have large windows, updated kitchen, modern electrical and plumbings, and private yard space. Parking space available in driveway and the garage. Possible building of a 4th units as an ADU, subject to city permitting. Separated meters for electricity, gas, and water, and washer/dryer across Units A, B, and C. Simply an incredible income property opportunity. The location is centralize on Alameda and well connected with bus to popular Webster st and Park St, and Bart stations. All units are currently rented.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1892
- Lot Size
- 4,370 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alameda Unified Schools
Franklin Elementary School
Grades K-5 • 0.4 mi
8/10
Henry Haight Elementary School
Grades K-5 • 0.6 mi
6/10
Donald D. Lum Elementary School
Grades 4-5 • 0.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.4 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,244 | 1,802.602 |
| Lot Size | 4,370 | 4,310.843 |
| Price | $1.60M | $1.43M |
| Price per sq ft | $713 | $823 |
| Built year | 1892 | 1928 |
| HOA | $0 | $273 |
| Days on market | 106 | 37 |
Pricing History
Listed for Sale
Aug 16, 2026
$1,600,000
$1,148,000
+39% Price Increase
Initial Listing
Price Change
May 26, 2026
$1,148,000
Initial Listing