$999,000
 $5,363 est/mo Sourced by Back At You

203 Bissell Avenue,Richmond, CA 94801

Richmond, CA 94801

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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.

Details

MLS #ML82045270
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1908
Days On Site125
Listing Provided ByMarcus & Millichap | Eymon Binesh

Features

SQ Feet3,932
Story(s)1
Building(s)1
ZoningRM
Acreage0.08

Interior

CoolingNone
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

Foundation DetailsConcrete Perimeter

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Property21235

Area Information

StateCA
CountyContra Costa
CityRichmond
Zip Code94801
Area699 Not Defined
Listing VS Median (in 94801)
Price:
$999,000
low | high
Med:
$999,000
50% of Average
sqft:
3,932
low | high
Med:
3,932
50% of Average
$ / sqft:
$254
low | high
Med:
$254
50% of Average
On site:
125
low | high
Med:
125
100% of Average
Sourced by Back At You

Market Activity 94801

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyContra Costa
CityRichmond
Zip Code94801
Area699 Not Defined
Listing VS Median (in 94801)
Price:
$999,000
low | high
Med:
$999,000
50% of Average
sqft:
3,932
low | high
Med:
3,932
50% of Average
$ / sqft:
$254
low | high
Med:
$254
50% of Average
On site:
125
low | high
Med:
125
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $749K - $1.248M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
219 Barrett Avenue Property Photo 1
$879,900
219 Barrett Avenue
Richmond, CA 94801
Listing Updated: August 31, 2026 at 10:47:24 AM PDT