203 Bissell Avenue, Richmond, CA 94801
Local realty services provided by:CENTURY 21 Masters
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, 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 #:ML82045270
- Added:137 day(s) ago
- Updated:September 15, 2026 at 11:10 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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