1833 & 1837 Clinton Ave — Sale in Alameda, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Alameda, CA 94501

Investment Figures

Cap rate
3.56%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1833 & 1837 Clinton Avenue, located in Alameda’s historic Leonardville district. Built in 1891 by renowned builder Joseph A. Leonard, these “fraternal twin” Queen Anne Victorians exemplify the craftsmanship and architectural charm that define the neighborhood. Both residences have been thoughtfully preserved and restored, retaining original architectural details like woodwork, coffered ceilings, art glass windows, and finely crafted trim. Beginning in 2009, longtime preservationist and former president of the Alameda Victorian Preservation Society, Jim Smallman, undertook an extensive restoration of the properties. His work included carefully removing the original stucco by hand and full foundation replacement, returning both homes to their original Victorian character. His exceptional craftsmanship and dedication were recognized with Alameda Architectural Preservation Society (AAPS) Preservation Awards in 2011 and 2015. Today, 1833 and 1837 Clinton Avenue stand as exceptional examples of Alameda’s Victorian heritage. They are among the few remaining mansion-scale residences built by Joseph A. Leonard that continue to function as single-family homes, with interiors that remain largely intact with their original design. The offering also includes a 1960s fourplex located at the rear of 1833 Clinton Avenue. The fourplex features all two-bedroom, one-bathroom units, each with off-street parking, providing additional income potential. Investment Highlights: • Two Award Winning Single Family Homes + 4-Unit Apartment Building • Can be Sold Separately or Together • Excellent Alameda Location

Market Context

This multifamily in Alameda, CA is listed for sale. It is offered at an approximate 3.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 85 days. Compare it against other multifamily listings for sale in Alameda, CA — view the full market.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 3.6% asking cap rate is below the Oakland / East Bay multifamily market average of about 4.9%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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