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203 Bissell Ave , Richmond, CA 94801
$989,000
Est. Payment: $5,394.70/mo
12 Bed
3932 Sqft
0.08 Acres
Status: Active | Days on site: 126
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ML88226 - ML5082979
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Chris Heller
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House 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.
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Highlights

Listed by Eymon Binesh , 650-546-1030 Marcus & Millichap , (650) 391-1700. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.08

Year Built

1908

County

Contra Costa

Area

699 - Not Defined

 School District

Other

Listing ID

ML82045270

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:RM
Sewer:Public Sewer
Principal Interest
$5,395
Taxes
$1,770

Home Price

$989,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$197,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,394.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,394.70 $1,769.58 $0.00 $7,164.28
Yearly $64,736.35 $21,235.00 $0.00 $85,971.35
Total $1,942,090.47 $637,050.00 $0.00 $2,579,140.47

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Richmond, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T21:12:45.000Z

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