Welcome to 1572 and 1572 1/2 Lincoln Ave, a unique and income-producing fourplex located in the heart of Alameda. Set on a 6,175 square foot lot, this 3,388 square foot property features a rare standalone 2-bedroom, 1-bathroom cottage that has been partially updated with new flooring, fresh paint, and modern light fixtures. With its own dedicated parking, the cottage offers the perfect blend of privacy and convenience—ideal for an owner-occupant or as a premium rental unit. The main building includes three additional units: a spacious 2-bedroom, 1-bathroom apartment, a well-proportioned 1-bedroom, 1-bathroom unit, and a cozy studio. All residents benefit from access to an on-site laundry room, adding an extra layer of functionality to the property. Located near Park Street’s shops, restaurants, and easy access to public transportation, this well-maintained fourplex is perfect for investors looking for solid cash flow or buyers seeking a hybrid opportunity to live and earn in one of Alameda’s most desirable neighborhoods.