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Listed price in listed location currency (USD).
$1,150,000

000

MLS® ML82045270

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3932 sqft
Garage 
Taxes $21,235
Days Active 0
Lot Size 
Approx. Age 1908
Avg. Price Per Sqft $292
MLS® Number ML82045270

Property Address: 203 Bissell Avenue, Richmond, CA, 94801

Average square foot calculated using Size range provided by listing agent.

Description

Marcus & Millichap is pleased to present 203 Bissell Ave, offered at $1, 150, 000, 203 Bissell Ave is a 4 unit multifamily property located in Richmonds Iron Triangle neighborhood. Built in 1908, the property totals approximately 3, 932 SF on a 0.08acre lot and is currently 50% occupied, presenting a clear value add and leaseup opportunity. The unit mix consists of one 4BD/2BA unit, two 4BD/1BA units, and one co-living layout, with inplace rents estimated ~13% below market. Utilities are efficiently structured with separately metered gas and electric and master metered water. Street parking only. Financial highlights include an 8.90% current cap rate and a 10.64% pro forma cap rate, supported by strong rent growth potential and operational upside. The property is within close proximity to Richmond BART & Amtrak (±1.3 miles), major freeways (I80, I580, SR4), Kaiser Permanente Richmond Medical Center, and regional employment hubs. An ideal opportunity for investors seeking high yield, upside through rent increases, and a well-located small multifamily asset in the East Bay.
MLS® NumberML82045270
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1908
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 30, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
203 Bissell Avenue, Richmond, CA

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