$749,000

Set in East Oaklands established Fairfax neighborhood, 5201 Congress Ave is a fully leased 1920 fourplex built to earn its keep year after year. With every unit tenant-occupied on month-to-month terms, investors step into in-place income from day one. The building has two 1-bed/1-bath & two 2-bed/1-bath units, each with its own address, electrical meter, assigned gated parking space, and exterior storage closet. A 1-car attached garage and backyard pavilion for socializing round out this lot. The corner lot & off-street parking help set this building apart from many older multifamily properties in the area, where on-site parking can be hard to come by. All 4 units have been updated over the years, so the building is ready to keep performing today while still leaving room for a new owner to add value. Inside, each unit lives simply & efficiently, with gas ranges, ceiling fans, double-pane windows & wall furnaces keeping things comfortable. Horace Mann Elementary sits right across from Ygnacio Ave & Foothill Blvd shopping; Fruitvale & Coliseum BART, I-580 & I-880 are all within about 2 mi for easy commutes. Whether youre adding to a growing portfolio or making your first move into multifamily, this is the kind of steady, low-drama asset that rewards a lon