203 Bissell Avenue, Richmond, CA 94801
Local realty services provided by:ERA Excel Realty
203 Bissell Avenue,Richmond, CA 94801
$999,000
- - Beds
- - Baths
- 3,932 sq. ft.
- Multi-family
- Active
Listed by: eymon binesh
Office: marcus & millichap
MLS#:82045270
Source:CAREIL
Price summary
- Price:$999,000
- Price per sq. ft.:$254.07
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, upside through rent increases, and a well-located small multifamily asset in the East Bay....
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Home facts
- Year built:1908
- Listing ID #:82045270
- Added:39 day(s) ago
- Updated:June 18, 2026 at 04:33 PM
Rooms and interior
- Living area:3,932 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Rolled Composition
- Year built:1908
- Building area:3,932 sq. ft.
- Lot area:0.22 Acres
- Foundation Description:Concrete Perimeter
Utilities
- Water:City/Public
- Sewer:Sewer - Public
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$254.07
Features and amenities
- Laundry features:Coin Operated Laundry
Parking
- Parking description:On Street
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