592 22nd St - Apartments FOR SALE


Oakland, CA 94612- Uptown Oakland
$799,000 USD
408-214-8821
592 22nd St, Oakland, CA for Sale
$799,000 USD
Apartments - FOR SALE
1/43
null | 7.75% Cap Rate

592 22nd St
Oakland, CA 94612
Uptown Oakland


HIGHLIGHTS

  • Fully Vacant & Turnkey – Rare opportunity to set market rents immediately with two updated, move-in-ready units.
  • Prime Location – Walkable to BART, Uptown/Downtown Oakland, dining, shopping, and major job centers, ensuring strong tenant demand.
  • Strong Investment Potential – Projected 7.75% cap rate, modern upgrades, and flexible owner-occupant or rental income opportunities.

OVERVIEW

Unlock the full potential of 592 22nd St, Oakland – a turnkey duplex delivering strong rental upside, immediate cash flow potential, and long-term appreciation in one of Oakland’s most dynamic neighborhoods. This FULLY VACANT property offers two large units, ideal for market-rate tenants, short-term rentals, or house hacking. - UNIT #592 (Downstairs): 3 bed / 1 bath – spacious layout, ideal for high rents. - UNIT #594 (Upstairs): 3 bed / 2 bath – bright, open, and highly desirable. * Projected Market Rents: $8,500+ per month (est. 7.75%+ cap rate at pro forma). Both units feature modern renovations, including: • Updated kitchens with quartz countertops & stainless steel appliances • New flooring & refreshed bathrooms for a contemporary feel • High ceilings & abundant natural light – a tenant magnet • In-unit laundry for added rental appeal Investor Highlights: • Vacant delivery – Set market rents from day one • Prime rental location – Walkable to BART, Uptown/Downtown Oakland, top dining & retail • Strong cash flow potential – Competitive GRM & Cap Rate • Low-maintenance upgrades – Minimize expenses, maximize returns • Multi-exit strategy – Hold for cash flow, convert to TICs/condos, or owner-occupy • Full transparency – Pest & home inspection reports available upon request With direct access to major freeways & booming job centers, this duplex is an unbeatable investment opportunity in a high-demand rental market. Scale your portfolio with a performing asset in a high-growth area! Contact us today to secure this prime Oakland investment!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

2

PRICE/UNIT

$399,500

CAP RATE

7.75%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DUPLEX FOR SALE - BOTH UNITS DELIVERED VACANT

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R1

APN/PARCEL ID

008-0659-012-00

ASK ABOUT THIS PROPERTY

Leena ZeidanTuscana PropertiesMore Info
408-214-8821

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Leena ZeidanTuscana PropertiesMore Info
408-214-8821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.