
Oakland, California 94609
This Quadruplex Multifamily Asset represents a High-Potential Investment Opportunity, listed at $1,200,000—positioned above the $962,652 Fair Market Value. While the list price exceeds the current estimate, the property offers significant upside through its (4) 1-bedroom/1-bathroom units and vacant unit flexibility. With a Condition Rating of 3, the property features modern interior updates while maintaining classic 1922 character. Its Transit-Oriented Location near MacArthur BART and a 99 Bike Score ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 646 42nd St Subject | $1,200,000* List Price | 0 | 0 | 3,286 | $293 | - |
A 719 35th St Sold | $925,000 | 0 | 0 | 3,233 | $286 | 0.5 mi |
B 528 41st St Active | $999,000 List Price | 0 | 0 | 3,052 | $327 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1922, the property has undergone significant interior renovations likely within the last 5-15 years. Photos show updated kitchens with stainless steel appliances, shaker-style cabinetry, and modern laminate flooring. While some systems like the floor furnaces appear dated, the units are functional, well-maintained, and move-in ready.
The availability of seller financing with only 10% down and 2% interest-only payments offers a rare and highly attractive leverage opportunity for investors in a high-rate environment.
With a Bike Score of 99 and proximity to MacArthur BART, the property is ideally positioned in the Longfellow neighborhood to attract professionals and commuters.
One unit is delivered vacant, providing an immediate opportunity to renovate and lease at market rates while capturing upside from existing below-market rents.
Most assigned public schools for this address have low ratings (1-3), which may limit the property's appeal to certain tenant demographics.
Built in 1922, the property may require significant ongoing maintenance or capital expenditures to modernize systems and address century-old building standards.
Seller financing is available with only 10% down and 2% interest only creating a rare opportunity for investors to acquire a well-located North Oakland asset with attractive leverage and long-term upside. Located in the highly desirable Longfellow neighborhood, 646 42nd Street consists of (4) large, bright 1-bedroom / 1-bathroom units designed to appeal to today’s renters seeking space, natural light, and urban convenience. 646 42nd Street presents an exceptional multifamily investment opportunity in one of the East Bay’s most dynamic rental markets. The property is ideally positioned just blocks from MacArthur BART and minutes from Downtown Oakland, Temescal, and Emeryville, with easy access to popular cafés, restaurants, and boutique retail. This prime transit-oriented location consistently attracts professionals, creatives, and commuters seeking a walkable urban lifestyle. The property also offers meaningful value-add potential, with existing rents below market and opportunities for increased income through targeted renovations and operational improvements. Longfellow’s strong Walk Score of 89, Transit Score of 74, and Bike Score of 99 underscore the neighborhood’s enduring appeal and renter demand. Combined with ongoing neighborhood revitalization and close proximity to major employment centers throughout Oakland, Emeryville, Berkeley, and San Francisco, 646 42nd Street is well-positioned for long-term appreciation and stable occupancy. Whether as a 1031 exchange replacement, owner-user opportunity, or strategic portfolio addition, the property represents a rare opportunity to acquire a well-located, income-producing asset in one of Oakland’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades PK-5 • 1.1 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,286 | 2,591.5 | 70% |
| Lot Size | 2,878 | 4,129.5 | 15% |
| Price | $1.20M | $997.5K | 65% |
| Price per sq ft | $365 | $340 | 55% |
| Built year | 1922 | 1918 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 130 | 5% |
May 13, 2026
$1,200,000
Initial Listing
Nov 17, 2022
$868,000
Public Record
Nov 8, 2021
$1,240,000
Public Record