203 Bissell Avenue

Property Overview

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 (Â±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.

Home Details

Property type: Residential Income - Quadruplex
Year built: 1908
Living area: 3,932 sq ft
Lot size: 3,484 sq ft
Stories: 1
Days on market: 126
MLS status: Active
Zoning: RM

Community, Schools & Utilities

Community

Annual property tax: $21,235

Schools

School district: Other

Utilities

Cooling: None
Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Richmond, CA 94801

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Frequently Asked Questions About 203 Bissell Avenue

Property type: Residential Income

The current asking price is $989,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 203 Bissell Avenue. Our team will confirm availability and timing.

This property offers approximately 3,932 square feet of living space. It was built in 1908. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Richmond, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Richmond property.

The MLS currently reports the property as Active. It has been listed for 126 days. Status can change, so verify availability before relying on it.