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603 Madison Street, Oakland, California 94607, Oakland, 94607 - bed, bath

603 Madison Street, Oakland, California 94607 home-pic-0
ACTIVE$979,000
603 Madison Street, Oakland, California 94607
0Bed
0Bath
2,460Sqft
2,500Lot
Year Built
1910
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
$398
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027940
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $979.0K(82th), sqft - 2460(91th), beds - undefined(50th), baths - undefined(50th).

Welcome to this well-maintained four-unit income property located near the heart of Oaklands vibrant Chinatown and downtown amenities. Each of the four units features 2 bedrooms and 1 bathroom, all fully permitted with a practical layout that appeals to long-term tenants or investors. Three units will be delivered vacant and one unit is currently occupied, offering flexibility for owner-users, short-term rental strategy, or immediate lease-up at market rent. The building is in good, functional condition and includes a shared washer/dryer for all residents, plus one garage space per unit, providing rare convenience and added value. Centrally located near shops, dining, public transportation, major freeways, and a quick trip to BART. Buyers to do a 1031 exchange at no cost to the buyers.

Nearby schools

8/10
Lincoln Elementary School
Public,•K-5•0.2mi
2/10
Westlake Middle School
Public,•6-8•1.3mi
7/10
Oakland Technical High School
Public,•9-12•2.6mi
2/10
Oakland International High School
Public,•9-12•2.6mi
2/10
Fremont High
Public,•9-12•3.5mi

Price History

Date
Event
Price
11/19/25
Listing
$979,000
04/29/97
Sold
$170,000
Condition Rating
Fair
Built in 1910, this property shows signs of regular maintenance and some cosmetic updates (like laminate flooring and fresh paint) but lacks modern renovations. The kitchens feature basic appliances, dated cabinets (some painted, some natural wood), and older tile. Bathrooms are functional but also dated with basic fixtures and tile. Heating is via wall-mounted units, not central HVAC. While described as 'good, functional condition,' the overall style and features indicate updates likely occurred 15-30 years ago, making it functional but outdated, fitting the 'Fair' category.
Pros & Cons

Pros

Multi-Unit Income Potential: As a quadruplex with four 2-bedroom, 1-bathroom units, this property offers significant income potential for investors or owner-users.
Prime Location: Centrally located near Oakland's vibrant Chinatown and downtown, providing excellent access to shops, dining, public transportation, major freeways, and BART.
Vacant Units for Flexibility: Three out of four units will be delivered vacant, offering immediate flexibility for owner-occupancy, market-rate lease-up, or short-term rental strategies.
Valuable Tenant Amenities: The property includes a shared washer/dryer for all residents and one dedicated garage space per unit, enhancing tenant appeal and convenience.
Well-Maintained Condition: Described as 'well-maintained' and in 'good, functional condition,' suggesting a reduced need for immediate major repairs or capital expenditures.

Cons

Property Age: Built in 1910, the property's age may imply potential for outdated infrastructure (e.g., plumbing, electrical systems) or higher long-term maintenance costs, despite current good condition.
1031 Exchange Requirement: The requirement for buyers to participate in a 1031 exchange, even at no cost, could potentially limit the pool of interested buyers or add transactional complexity.
Mixed School Ratings: While a highly-rated elementary school is nearby, some middle and high schools in the immediate vicinity have lower ratings, which might be a consideration for families with older children.

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