8117 Ney Avenue, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This Well-Maintained Quadruplex Asset is listed at $1,250,000, representing a stable income-producing opportunity aligned with its $1,182,296 Fair Market Value. Featuring a Condition Rating of 3 with renovated kitchens and distant city views, the property offers a high-demand mix of 2 and 3-bedroom units. Located within the Oakland Unified School District near Parker Elementary, the asset includes individually metered utilities and gated parking. Current below-market rents provide significant Value-Add potential for increased ROI. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8117 Ney Avenue Subject | $1,100,000* List Price | 0 | 0 | 3,277 | $308 | - |
A 3328 66th Ave Sold | $825,000 | 0 | 0 | 3,452 | $239 | 0.9 mi |
B 2740 2740 73rd Ave Active | $999,000 List Price | 0 | 0 | 3,196 | $313 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1947, the property has undergone significant interior renovations within the last 5-15 years. Photos show updated kitchens with shaker-style cabinetry and stone countertops, along with modernized bathrooms featuring contemporary vanities and tiled tub surrounds. Systems are functional with individually metered gas and electric, and the overall condition is well-maintained and move-in ready.
With in-place rents currently below market value, this property offers a clear opportunity for investors to increase Net Operating Income through future rent adjustments.
The composition of spacious 2 and 3-bedroom units, combined with rare gated driveway parking for four vehicles, makes the property highly competitive in the local rental market.
Individually metered gas and electric utilities shift the burden of usage costs to tenants, reducing owner expenses and simplifying property management.
The property is served by schools with low ratings (ranging from 1 to 4), which may deter families and limit long-term appreciation potential compared to other neighborhoods.
Originally constructed in 1947, the building may require significant long-term capital expenditures for system upgrades and structural maintenance typical of an 80-year-old asset.
Marcus & Millichap is pleased to present 8117 Ney Ave, a wellmaintained 4unit multifamily property located in Oaklands Eastmont Hills neighborhood. Built in 1947, the property totals approximately 3,277 SF on a 0.22acre lot and is 100% occupied. The unit mix consists of spacious 2 and 3bedroom units with individually metered gas and electric, mastermetered water, and gated driveway parking for 4 vehicles. Inplace rents are approximately below market, offering upside potential through future rent growth. Conveniently located near MacArthur Blvd, Eastmont Town Center, public transit, and with easy access to I580 and I880. A solid investment opportunity with stable income in an established East Oakland rental area.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-8 • 0.2 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 | 3,277 | 2,965 | 50% |
| Lot Size | 9,750 | 4,500 | 75% |
| Price | $1.10M | $737.5K | 75% |
| Price per sq ft | $336 | $287 | 50% |
| Built year | 1947 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 91 | 25% |
May 21, 2026
$1,100,000
$1,250,000
-12% Price Drop
Initial Listing
Apr 30, 2026
$1,250,000
Initial Listing
Aug 8, 2018
$1,165,000
Public Record
Jan 24, 2013
$342,500
Public Record
Jul 7, 2005
$700,000
Public Record
Feb 26, 2004
$620,000
Public Record