3869 Martin Luther King Jr. Way, Oakland, California 94609, Oakland, 94609 - 0 bed, 0 bath
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Oakland, California 94609
This duplex presents a High-Potential Investment Opportunity with a List Price of $1,025,000—positioned well above the $841,676 Fair Market Value by 21%. While the property requires significant renovation, its Condition Rating of 5 and large 4,500 sqft lot offer substantial value-add potential. Featuring a functional layout with granite countertops, this asset is situated in a high-growth area. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on long-term neighborhood revitalization and rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3869 Martin Luther King Jr. Way Subject | $1,025,000* List Price | 0 | 0 | 2,697 | $329 | - |
A 717 717 Brockhurst St Sold | $725,000 | 0 | 0 | 2,218 | $327 | 0.5 mi |
B 3867 Martin Luther King Jr Way Active | $1,025,000 List Price | 0 | 0 | 2,823 | $363 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1906, this duplex is explicitly marketed as a 'TLC' property for investors and contractors. While some rooms show refinished flooring, the bathrooms are significantly dated with aging fixtures, and the kitchens reflect 20-30+ year old styles. The listing's emphasis on 'upside potential' and 'renovation' confirms it requires a full rehab to address its age and likely outdated systems.
Situated in a rapidly revitalizing area of Oakland with extensive ongoing construction, offering significant potential for future appreciation and long-term investment value.
This duplex features a high bedroom count with a 4-bedroom and 3-bedroom unit, providing a functional layout that maximizes rental income opportunities in a high-demand market.
The property includes a spacious 4,500 sqft lot and requires renovation, allowing investors to build equity through improvements and potential backyard customization or expansion.
The property is explicitly noted as needing 'TLC,' suggesting that buyers will need to budget for substantial immediate repairs and modernization to reach full market potential.
Built in 1906, the property may present challenges common to century-old homes, such as outdated electrical, plumbing, or structural systems that could increase renovation costs.
Excellent opportunity to own a duplex located in an area experiencing significant growth and revitalization. Extensive ongoing construction and surrounding neighborhood improvements may substantially enhance the property’s future value, desirability, and long-term investment potential. The continued development throughout the area reflects a strengthening market and renewed community investment. Unit 3869 features four bedrooms and one bathroom with a functional layout and strong upside potential. Interior features include hard-surface flooring, a comfortable living room, a dedicated laundry area, and a kitchen with granite countertops and tile finishes. Unit 3871 offers three bedrooms and one bathroom with hard-surface flooring, tile flooring, and a kitchen featuring granite countertops. The property also offers a spacious backyard with plenty of room for entertaining, outdoor enjoyment, storage, or future possibilities. The property does require TLC, making it an ideal opportunity for investors, contractors, or buyers looking to renovate and add value. With its large lot, desirable layout, and location within an improving neighborhood, this duplex presents endless possibilities for future growth and customization.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades PK-5 • 1.3 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,697 | 2,547 |
| Lot Size | 4,500 | 4,475 |
| Price | $1.02M | $860.2K |
| Price per sq ft | $380 | $344 |
| Built year | 1906 | 1920 |
| HOA | $0 | $0 |
| Days on market | 64 | 56 |
May 19, 2026
$1,025,000
Initial Listing
Mar 6, 2018
$1,250,000
Public Record