Skyline 335 335 3rd St 38 Unit Apartment Building $14,888,888 ($391,813/Unit) 5.71% Cap Rate Oakland, CA 94607

335 3rd Street – Next-Generation New Construction Multifamily Opportunity
Introducing 335 3rd Street, an exceptional newly developed residential asset in the heart of Oakland. Thoughtfully designed with a rare blend of advanced engineering, sustainability, privacy, and modern luxury, this 38-unit one-bedroom multifamily property sets a new benchmark for urban living and long-term investment quality.
Currently under development with an estimated completion date of May 15, 2026, the property offers buyers unique acquisition flexibility and can be delivered vacant or fully leased, subject to mutually agreed-upon contract terms.
This is far more than a conventional apartment building—335 3rd Street was conceived as a high-performance residential environment where innovative building systems meet elevated resident comfort.
Sustainable Infrastructure & Energy Efficiency
At the core of the development is a state-of-the-art closed-loop geothermal ground-source heat pump system. By leveraging the earth’s constant underground thermal mass, the building eliminates the need for traditional chillers and condensers, resulting in lower operating costs, reduced carbon emissions, and enhanced seasonal energy efficiency.
This forward-looking mechanical infrastructure creates a highly efficient and environmentally conscious asset positioned for the future of multifamily ownership.
Superior Acoustic Engineering & Privacy
Resident comfort is elevated through advanced structural sound isolation systems rarely found in conventional multifamily construction.
Each residence is engineered with a multi-layered decoupled barrier system featuring:
Lateral Isolation: Wall-air gap-wall assemblies designed to reduce sound transmission between neighboring units
Vertical Isolation: Specialized floor-steel-ceiling construction minimizing impact noise and vibration between floors
Environmental Shielding: Dual-envelope exterior design mitigating street noise for a calm interior atmosphere
The result is an exceptionally quiet and private living experience in an urban setting.
Premium Residence Features
Each home is thoughtfully curated with efficient, modern finishes designed for both function and aesthetics:
Full-sized in-unit washer and dryer
Precision induction cooktops
Contemporary wall-hung toilets with concealed tanks
Integrated privacy glass in bedrooms for optimized natural light and seclusion
Efficient one-bedroom layouts with modern design appeal
Investment Highlights
New construction multifamily asset
38 one-bedroom residences
Estimated completion: May 15, 2026
Available for delivery vacant or fully leased per contract terms
Advanced geothermal energy infrastructure
Superior acoustic privacy systems
Strong renter appeal and premium positioning
Prime Oakland location near downtown, transit, and employment centers
Attractive long-term appreciation and income potential
A Rare Opportunity
335 3rd Street represents a rare chance to acquire a next-generation multifamily asset with cutting-edge sustainability features, exceptional resident comfort, and flexible delivery options. Designed to stand apart in the marketplace, this property offers immediate relevance for both owner-users and investors seeking a differentiated Bay Area acquisition.
Contact broker for pricing guidance, timelines, leasing strategy, and private tours.