ACTIVE$1,150,000

1523 Lincoln Ave, Alameda, California 94501

0Bed

0Bath

Sqft

4,370Lot

Year Built

1892

List price

$1.15M

Original List price

$1.15M

Price/Sqft

HOA

Days on market

Sold On

MLS number

41116039

Home ConditionGood

Features

Patio

View-

About this home

Beautiful 3-units | 2 House on 1 Lot | 1892 Victorian in excellent location. The front house is two-story building is painted wood siding with crown moldings, a wide driveway plus garage and basement storage space. The detached single unit house in the back is much younger with more modern design and features. Walking up the front stair leads you to balcony entrance of units A. Walking down the right hallway leads to unit B on the ground floor, and units C in the back. All 3 units have hardwood / LVP floors and tiles. Many units have large windows, updated kitchen, modern electrical and plumbings, and private yard space. Parking space available in driveway and the garage. Possible building of a 4th units as an ADU, subject to city permitting, and works have begun but not completed. Separate washer/dryer for 3 units. Simply an incredible income property opportunity. The location is centralize on Alameda and well connected with bus to popular Webster st and Park St, and Bart stations. All units are currently rented.

Nearby schools

8/10

Franklin Elementary School

Public,•K-5•0.4mi

6/10

Henry Haight Elementary School

Public,•K-5•0.6mi

9/10

Donald D. Lum Elementary School

Public,•4-5•0.9mi

5/10

William G. Paden Elementary School

Public,•K-5•1.4mi

5/10

Will C. Wood Middle School

Public,•6-8•0.8mi

9/10

Alameda High School

Public,•9-12•1.0mi

7/10

Encinal Junior/Senior High

Public,•6-12•1.6mi

Price History

Date

Event

Price

10/29/25

Listing

$1,150,000

Neighborhood Comparison

	Subject	Average Home	Neighbourhood Ranking (121 Listings)
Beds	0	3
Baths	0	2
Square foot	0	1,701
Lot Size	4,370	4,370	50%
Price	$1.15M	$1.34M	34%
Price per square foot	$0	$804
Built year	1892	9620962	7%
HOA
Days on market	7	143	1%

Condition Rating

Good

This 1892 Victorian property, while historic, has undergone significant modernization. The listing explicitly states 'updated kitchen, modern electrical and plumbings' and 'hardwood / LVP floors and tiles' across many units. Images confirm a blend of conditions: one unit showcases a recently renovated, modern kitchen with white shaker cabinets, stainless steel appliances, and a contemporary bathroom with a glass-enclosed, marble-look shower, aligning with 'Excellent' standards. However, another unit presents a functional but dated kitchen with honey oak cabinets and older appliances, and a bathroom with a basic tub/shower combo, which would be considered 'Fair'. Given the substantial updates in at least one unit, the general good condition of flooring, and the critical modern electrical and plumbing systems for an older building, the property is largely move-in ready. The varying levels of modernization across units prevent an 'Excellent' rating, but the significant improvements elevate it beyond 'Fair' overall.

Pros & Cons

Pros

Exceptional Income-Generating Asset: The property is a well-established 3-unit income property with all units currently rented, explicitly highlighted as an 'incredible income property opportunity'.

Significant Value-Add Potential: Offers a clear opportunity to complete a 4th unit (ADU) with work already initiated, promising substantial future income growth and property value appreciation upon completion.

Prime & Connected Alameda Location: Centrally located in Alameda, providing excellent connectivity to public transit, popular Webster St, Park St, and BART stations, enhancing tenant appeal and property value.

Historic Charm with Modernized Interiors: Features a beautiful 1892 Victorian front house with architectural details like crown moldings, complemented by updated kitchens, electrical, plumbing, and flooring across the units.

Ample Parking & Storage Solutions: Includes valuable off-street parking via a wide driveway and garage, along with additional basement storage space, a significant advantage in urban settings.

Cons

Incomplete ADU Project: The potential 4th unit ADU project has 'works have begun but not completed,' indicating additional capital expenditure, permitting, and effort required from the buyer to finalize.

Age-Related Maintenance Considerations: As an 1892 Victorian property, it may entail higher ongoing maintenance costs and specialized care typical of historic structures, potentially requiring a dedicated budget.

Potential for Discrepant Unit Modernity: While updates are mentioned, the description notes the detached back unit is 'much younger with more modern design,' suggesting potential variations in modernization levels and appeal across the three units.

About this home

Nearby schools

Price History

Pros

Cons

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1523 Lincoln Ave, Alameda, California 94501, Alameda, - bed, bath

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI