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FANTASTIC INVESTMENT OPPORTUNITY! NOT MANY PROPERTIES LIKE THIS. Two houses on one lot. The front house has 2 bedrooms and 2 full baths and is tenant occupied. It is two stories with a bedroom and full bath on each floor. The rear house has 3 bedrooms and 1 full bath. The 3 bedrooms and the full bath are on the second floor. The rear house is also tenant occupied. There is a very large backyard with a shop space. Contact agent for rental amounts. BIG UPSIDE.....lots of room in the backyard to build another unit. Great location near Lincoln Middle School, Otis Elementary School, Krusi Park and Lincoln Park.

5 Beds ⋅ 3 Baths ⋅ 41129880 MLS

FANTASTIC INVESTMENT OPPORTUNITY! NOT MANY PROPERTIES LIKE THIS. Two houses on one lot. The front house has 2 bedrooms and 2 full baths and is tenant occupied. It is two stories with a bedroom and full bath on each floor. The rear house has 3 bedrooms and 1 full bath. The 3 bedrooms and the full bath are on the second floor. The rear house is also tenant occupied. There is a very large backyard with a shop space. Contact agent for rental amounts. BIG UPSIDE.....lots of room in the backyard to build another unit. Great location near Lincoln Middle School, Otis Elementary School, Krusi Park and Lincoln Park.

3208 Washington St, Alameda

This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1527 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner’s unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property’s long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.

This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1527 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner’s unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property’s long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.

1523 Verdi St, Alameda

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .