
Oakland, California 94619
This Residential Income Triplex is a High-Potential Investment Opportunity, listed at $899,000—positioned well below the $930,782 Fair Market Value by 3%. This valuation gap offers $31,782 in Instant Equity. With a Condition Rating of 3, the property features separate utility metering and move-in ready units, minimizing immediate overhead. Its strategic location near BART and I-580 ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3231 35th Ave Subject 0 bd · 0 ba · 2,175 sqft · $428 | $899,000* List Price | 0 | 0 | 2,175 | $428 | - |
A 4144 Masterson St Sold 0 bd · 0 ba · 2,201 sqft · $363 · 0.5 mi | $800,000 | 0 | 0 | 2,201 | $363 | 0.5 mi |
B 3627 3627 Loma Vista Ave Sold 0 bd · 0 ba · 1,904 sqft · $499 · 0.3 mi | $950,000 | 0 | 0 | 1,904 | $499 | 0.3 mi |
C 3792 Angelo Ave Active 0 bd · 0 ba · 2,718 sqft · $304 · 0.3 mi | $825,000 List Price | 0 | 0 | 2,718 | $304 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1946 but features renovations likely within the 5-15 year range. Kitchens have been updated with stone countertops and recessed lighting, and the bathrooms are functional and well-maintained. The property is move-in ready with separate utility meters and updated flooring, meeting the criteria for a well-maintained, functional investment property.
With two of the three units currently vacant and move-in ready, an investor can immediately capture current market rents or occupy a unit while generating income from the others.
The property is uniquely positioned with separate meters for water, gas, and electricity for each unit, significantly reducing landlord overhead and simplifying utility management.
Unlike many local multi-family properties, this triplex offers dedicated garage parking plus ample driveway space behind a security gate, providing high value for urban tenants.
Built in 1946, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer construction.
One unit is currently occupied by a month-to-month tenant, which requires the buyer to navigate Oakland's specific tenant regulations and potential relocation protocols.
OPEN HOUSE: Thursday Oct 15th 1-5PM. Investor opportunity in Oakland’s Bartlett neighborhood! This income-generating triplex features three 2-bedroom, 1-bathroom units, offering flexibility for investors and owner-occupants alike. Each unit is separately metered for water, gas, and electricity and includes in-unit laundry, a dedicated garage parking space, plus tons of driveway parking behind the security gate. Even better, two of the three units are currently vacant! The front unit (3227) and rear unit (3231) are move-in ready, giving the next owner the opportunity to place new tenants at current market rents, while the middle unit (3229) is currently tenant occupied month-to-month. Looking to house hack? Move into one vacant unit and generate rental income from the other two. Conveniently located near I-580 and approximately 5 minutes from Fruitvale BART for easy access throughout the Bay Area. With two vacant units, separate utilities, garage parking, and multiple income streams, this is a great opportunity to add a versatile multifamily property to your real estate portfolio!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,175 | 2,403.227 |
| Lot Size | 7,896 | 4,461.364 |
| Price | $899.0K | $900.8K |
| Price per sq ft | $413 | $343 |
| Built year | 1946 | 1919 |
| HOA | $0 | $0 |
| Days on market | 24 | 67 |
Sep 30, 2026
$899,000
Initial Listing
Aug 26, 2025
$768,000
Public Record