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  • 203 Bissell Avenue

203 Bissell Avenue, Richmond, CA 94801

$989,000 Approx. USD 0 beds, 0 baths
3,932 sqft

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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
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thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
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 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Eymon Binesh | ebinesh@marcusmillichap.com
Lic#: 02060059
Broker: Courtesy of Marcus & Millichap
Phone: 650-546-1030

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# ML82045270
List price is $989,000 Reduced by $10,000 on 9/3/2026
Price: $989,000
Beds: 0
Baths: 0
Built in 1908
3,932 sqft
0.08 acres
Lot size: 0.0800
County: Contra Costa
Zoning: RM
Heating/cooling: None
MLS area: 699 - Not Defined

Last Updated: 9/3/2026

 Days On Market (DOM): 151

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.934297, -122.367522.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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