2261 48th Ave

Oakland CA 94601

4278 sq. ft.

7300 sq. ft.

Duplex

Last sold for $1,195,000

Eymon Binesh, last sold this property on 10 July 2026 after 1386 days on market.

Overview

Marcus & Millichap is pleased to present 2261 48th Ave, a well-maintained 4 unit multifamily property located in East Oaklands Lower Maxwell Park/Melrose area. Built in 1960, the property features approximately 4,278 SF on a 0.17acre lot and is 100% occupied, providing stable in-place income. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. The property offers 4 garage parking spaces (1:1 ratio), individually metered gas and electric, and master metered water. In-place rents are approximately 9% below market, offering upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. A solid multifamily investment in a strong East Oakland rental corridor.

Features

4278 sq. ft. floor area

7300 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Oakland over the last 12 months, the estimated median property value of 2261 48th Ave is $631k.

Median value

$631k

Estimated value range

$270k - $1.38m

Median days on market

Estimated value trend

-9%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Oakland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2261 48th Ave

2026

Sold

$1,195,000

10 Jul 2026 by Eymon Binesh, of Marcus & Millichap

2017

Sold

$1,325,000

17 Jul 2017 by Stephane Dessus, of Bay Valley Realty

2017

Sold

$1,325,000

17 Jul 2017 by Maureen Connor, of Equity Capital Real Estate

Happy sellers in Oakland

We have insufficient information to provide an overview of customer satisfaction for Oakland. Viewing the agent profiles, reviews and sales for Oakland can provide insights for this location.