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PRICE $4,750,000
BEDS 0
BATHS 0
HOME SIZE 24,520 sqft
LOT SIZE 11,220.00 ac
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Located just two blocks from Lake Merritt, 220 Athol Avenue offers investors the rare opportunity to acquire a well-maintained 25-unit apartment community at an exceptional basis of just $190,000 per unit and $193 per square foot. The property features private balconies for every unit, gated underground parking, and onsite laundry facilities, enhancing its appeal to residents. Offered at over a 6% CAP rate with substantial additional rental upside, 220 Athol Avenue represents one of the most compelling value-add investment opportunities in Oakland's premier Lake Merritt neighborhood.

LAST UPDATED 7/9/2026 YEAR BUILT 1966
GARAGE SPACES 25.0 COUNTY Alameda
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
GARAGE Attached Garage, Yes
HEAT Natural Gas
INTERIOR Elevator
LOT 11220 acre(s)
LOT DIMENSIONS 11220.00
PARKING Attached
POOL DESCRIPTION None
SEWER Public Sewer
TAXES 82082
WATER Public
ZONING R-70
Listed by Eymon Binesh | 650-546-1030, Marcus & Millichap

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 7/10/26 11:44 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2026 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2026.


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