Oakland Homes under $500,000

Welcome to Oakland, California, a vibrant city nestled in the heart of Alameda County. Known for its rich cultural diversity and dynamic arts scene, Oakland boasts a unique blend of urban sophistication and natural beauty. With its stunning views of the San Francisco Bay, lush parks, and a thriving culinary landscape, Oakland is a place where community spirit flourishes and opportunities abound.

If you're in the market for affordable housing options, you’ll be pleased to discover that Oakland offers homes under $500,000. This is a rare gem in the Bay Area, making it an ideal location for first-time homebuyers, young professionals, and families seeking a place to call home without breaking the bank. With a variety of neighborhoods to choose from, you can find charming bungalows, cozy condos, and even townhomes that fit your budget.

Beyond the affordable housing, Oakland is a city bursting with life. Explore the bustling farmers' markets, indulge in the local coffee shops, and immerse yourself in the eclectic art galleries that line the streets. The city is also home to numerous parks and recreational areas, perfect for outdoor enthusiasts and families looking to enjoy nature.

Living in Oakland means having access to excellent schools, a robust public transportation system, and a community that values inclusivity and creativity. Whether you’re drawn to the city’s rich history or its promising future, Oakland is a place where you can truly thrive. Discover your perfect home today and become part of this extraordinary community!

Newest Oakland Homes under $500,000

$499,999

2 Beds ⋅ 2 Baths ⋅ 1,318 SqFt. ⋅ 226115367 MLS

INVESTOR SPECIAL!!!!! Beautiful 2 bedroom 2 bathroom home available at the right price. With breathtaking views of the San Francisco Bay Area, this home can easily transform into your own private paradise. Get your contractor tools ready! Plenty of space for an ADU or in-law unit, with the backyards natural terracing. Elevate your living, and come experience the sought after Oakland Hills.

7983 NW Michigan Ave, Oakland

Listing courtesy of eXp Realty of Northern California, Inc..

$345,000

1 Beds ⋅ 1 Baths ⋅ 728 SqFt. ⋅ 226115278 MLS

AUCTION-Opportunity in Oakland! This 1-bedroom, 1-bath condominium at 320 Caldecott Lane #120 offers a convenient and functional floor plan within a gated community featuring controlled keypad entry. Ideally situated with convenient access to shopping, dining, transportation and major commute routes

320 Caldecott Unit #120, Oakland

Listing courtesy of A 2 Z Homes, Inc..

$349,000

226100754 MLS

Discover the flexibility and upside potential of this approximately 6,250 sq. ft. mixed-use property along Oakland's established MacArthur Boulevard commercial corridor of Eastmont Hills. Offering a combination of residential, retail/office and additional usable space, this property presents a compelling opportunity for an investor, owner-user, entrepreneur, or buyer looking to reposition the property for increased income. The property includes four units with mixed-use potential, allowing for a variety of residential and commercial uses, subject to City approval and applicable zoning requirements. Approximately 2,560 sq. ft. is currently utilized as tenant- and owner-occupied living space, while the balance offers significant potential for commercial occupancy, reconfiguration, or possible creation of additional residential units. An oversized approximately 700 sq. ft. garage/workshop provides another income-producing or owner-user component. One residential unit, a 2-bedroom/1-bath, is currently rented at $1,225 per month, with the garage generating an additional $300 per month, for current actual rents of $1,525 per month. Long-term tenant(s) to convey with the sale, while three commercial spaces are anticipated to be delivered vacant, giving the next owner an opportunity to establish new businesses, lease at current market rates, or occupy space for their own operation. The location is an important part of the opportunity. Situated directly on MacArthur Boulevard in East Oakland, the property is surrounded by neighborhood-serving retail, markets, restaurants, services and other commercial uses. Nearby businesses demonstrate the corridor's mix of everyday retail and service-oriented uses, making the property potentially suitable for neighborhood retail, professional services, office, studio, workshop or other permitted uses. Occupy part and lease the balance, reposition the commercial spaces, explore additional residential income, or create a combination of uses tailored to a long-term investment strategy.

7960 Macarthur Boulevard, Oakland

Listing courtesy of CalPrime Realty.

$404,500

2 Beds ⋅ 1 Baths ⋅ 806 SqFt. ⋅ 226081249 MLS

Great Investment Opportunity , CORNER LOT HOME. with a 1BED Studio in back . located East Oakland near Bart, 880 & 580 freeway.

2300 85th Avenue, Oakland

Listing courtesy of Dalton Wade, Inc..

$340,000

3 Beds ⋅ 1 Baths ⋅ 888 SqFt. ⋅ 226058831 MLS

Charming 3bd home situated in a corner location, close to transportation and shopping. Short drive to Lake Merritt. The roof has been updated. Cash buyer preferred due to condition of the home.

1547 8th Avenue, Oakland

Listing courtesy of Silvertree Properties.

$499,000

3 Beds ⋅ 1 Baths ⋅ 1,015 SqFt. ⋅ 226024797 MLS

Great opportunity for investors!! Single family home 3 Bedrooms 1 Bathroom Big lot Property occupied by renter Please call tenant to schedule an appointment. Renter would like to stay, THE LOT NEXT TO IT DOES NOT BELONG TO THE HOUSE calling for investors!!!

721 Tyler St, Oakland

Listing courtesy of 1st Capital.

$318,400

226006579 MLS

Retail Shell, Newer Construction (2021), Available now.

980 W Grand Avenue, Oakland

Listing courtesy of Century 21 Select Real Estate.

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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 .

Oakland Homes under $500,000

Newest Oakland Homes under $500,000

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