Multifamily
8117 Ney Ave
8117 Ney Ave, Oakland, CA 94605
Listing Price: $1,250,000
Investment Overview
Marcus & Millichap is pleased to present 8117 Ney Ave, a well maintained 4 unit 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 3 bedroom units with individually metered gas and electric, master metered 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.
8117 Ney Ave
Investment Highlights
- Offered at $1,250,000 ($312,500 per unit / $381.45 per square foot), with 100% current occupancy. In-place rents feature a 19% below market, offering a significant value-add opportunity
- Constructed in 1947, the property encompasses 3,277 gross square feet across 4 to 5 units. The asset features a desirable unit mix of 2-bedroom and 3-bedroom configurations
- With 100% occupancy and stable rental income, 8117 Ney Avenue offers reliable, consistent returns. The asset generates a current Net Operating Income of $77,648 (6.21% cap rate)
Exclusively Listed By
Listing Price: $1,250,000
Investment Highlights
- Offered at $1,250,000 ($312,500 per unit / $381.45 per square foot), with 100% current occupancy. In-place rents feature a 19% below market, offering a significant value-add opportunity
- Constructed in 1947, the property encompasses 3,277 gross square feet across 4 to 5 units. The asset features a desirable unit mix of 2-bedroom and 3-bedroom configurations
- With 100% occupancy and stable rental income, 8117 Ney Avenue offers reliable, consistent returns. The asset generates a current Net Operating Income of $77,648 (6.21% cap rate)
Investment Overview
Marcus & Millichap is pleased to present 8117 Ney Ave, a well maintained 4 unit 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 3 bedroom units with individually metered gas and electric, master metered 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.
Exclusively Listed By
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