CA
Contra Costa
RICHMOND
94801
203 Bissell Avenue
203 Bissell Avenue, RICHMOND, CA 94801
Share Listing
Listing Type
Multi Family
Listing Status
Active
21
$1,150,000

Home Details for 203 Bissell Avenue

Price
$1,150,000
Type
Residential Income
Square feet
3932
Year built
1908
County
Contra Costa
Days on site
13
MLS Listing#
ML82045270
Listed By: Marcus & Millichap - 650-391-1700
Listed By: Eymon Binesh
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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • On Street
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-05-20 20:30:26
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
408 778 9990
Agent
408 202 3243
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