203 Bissell Avenue, Richmond, CA 94801
203 Bissell Avenue, Richmond, CA 94801
203 Bissell Avenue, Richmond, CA 94801
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Listed by Eymon Binesh • Marcus & Millichap
$999,000
Est. payment /mo
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3,932 SqFt
Active

203 Bissell Avenue Richmond, CA 94801

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Daniel Ripper

Daniel Ripper

+1(415) 205-6312

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,932 sqft

Price per Sqft $254

MLS Listing ID ML82045270

HOA Y/N No

Year Built 1908

Lot Size 9,800 Sqft

Property Sub-Type Quadruplex

Source Datashare MLSListings

Property 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.

Location

State CA

County Contra Costa

Interior

Heating Natural Gas

Cooling No Air Conditioning

Fireplace No

Laundry Coin Operated

Building

Water Public

Schools

School District West Contra Costa (510) -231-1100, West Contra Costa (510) -231-1100

Bay East Association of Realtors
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

NEARBY SCHOOL & BUSINESS

Daniel Ripper
Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312 | [email protected]

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203 Bissell Avenue

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