203 Bissell Avenue, Richmond, CA 94801

Richmond
Local realty services provided by:ERA North Orange County Real Estate
203 Bissell Avenue,Richmond, CA 94801
$989,000
  • - Beds
  • - Baths
  • 3,932 sq. ft.
  • Multi-family
  • Active
Listed by: eymon binesh
Office: marcus & millichap650-391-1700
MLS#:ML82045270
Source:CRMLS

Price summary

  • Price:$989,000
  • Price per sq. ft.:$251.53

About this home

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,...

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Home facts

  • Year built:1908
  • Listing ID #:ML82045270
  • Added:139 day(s) ago
  • Updated:September 17, 2026 at 11:06 AM

Rooms and interior

  • Living area:3,932 sq. ft.

Structure and exterior

  • Year built:1908
  • Building area:3,932 sq. ft.
  • Lot area:0.08 Acres
  • Foundation Description:Concrete Perimenter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$989,000
  • Price per sq. ft.:$251.53
  • Tax amount:$21,235
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