8117 Ney Avenue, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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8117 Ney Avenue
Oakland, California 94605
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,277Sq Ft
9,750Lot Size
Property Price
LIST PRICE$1,090,000
EST. MARKET VALUE
$959,229
13% AboveMARKET VALUE
SUMMARY
This 4-unit Multifamily Asset represents a High-Potential Investment Opportunity, listed at $1,100,000—positioned well above the $960,932 Fair Market Value by 14%. While the property is priced above current estimates, it offers significant upside through rent growth, as in-place rents remain below market. Featuring a Condition Rating of 3 with updated interiors and gated driveway parking, the building provides operational efficiency via individually metered utilities. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable income in an established rental corridor.
Estimated Market Value
$959,229
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8117 Ney Avenue Subject | $1,090,000* List Price | 0 | 0 | 3,277 | $293 | - |
A 7523 Outlook Ave Sold | $989,000 | 0 | 0 | 3,376 | $293 | 0.5 mi |
B 2740 2740 73rd Ave Active | $995,000 List Price | 0 | 0 | 3,196 | $311 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1947, the property has undergone significant interior renovations likely within the last 5-15 years. The kitchen features updated shaker-style cabinetry and stone countertops, and the bathroom includes a modern vessel sink vanity and updated tiling. The units are functional, well-maintained, and move-in ready with individually metered utilities.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Opportunity
With in-place rents currently below market rates, this property offers significant upside potential for investors to increase Net Operating Income through future rent growth.
- Desirable Unit Mix
The building consists of spacious two and three-bedroom units, which are highly sought after by long-term tenants and provide better rental stability than smaller studio or one-bedroom layouts.
- Operational Efficiency
Individually metered gas and electric utilities reduce landlord overhead, while the gated driveway parking for four vehicles adds a premium security feature for tenants.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The property is served by schools with low performance ratings, which may limit the tenant pool to those less concerned with local education quality and impact long-term appreciation.
- Market Stagnation
Having spent nearly 100 days on the market with a significant $150,000 price reduction, the listing suggests a disconnect between the initial asking price and current buyer demand.
About 8117 Ney Avenue
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1947
- Lot Size
- 9,750 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Howard Elementary School
Grades K-5 • 0.7 mi
4/10
Burckhalter Elementary School
Grades K-5 • 0.8 mi
3/10
Parker Elementary School
Grades K-8 • 0.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,277 | 2,530.25 |
| Lot Size | 9,750 | 4,390.625 |
| Price | $1.09M | $918.2K |
| Price per sq ft | $333 | $343 |
| Built year | 1947 | 1921 |
| HOA | $0 | $0 |
| Days on market | 132 | 66 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,090,000
$1,100,000
-1% Price Drop
Initial Listing
Price Change
May 21, 2026
$1,100,000
$1,250,000
-12% Price Drop
Initial Listing
Price Change
Apr 30, 2026
$1,250,000
Initial Listing
Sold
Aug 8, 2018
$1,165,000
Public Record
Sold
Jan 24, 2013
$342,500
Public Record
Sold
Jul 7, 2005
$700,000
Public Record
Sold
Feb 26, 2004
$620,000
Public Record