About 203 Bissell Avenue
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.
Features of 203 Bissell Avenue
| MLS® # | ML82045270 |
|---|---|
| Price | $989,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,932 |
| Acres | 0.08 |
| Year Built | 1908 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 203 Bissell Avenue |
|---|---|
| Area | 699 - Not Defined |
| City | Richmond |
| County | Contra Costa |
| Zip Code | 94801 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Foundation | Concrete Perimeter |
|---|
School Information
| District | Other |
|---|
Additional Information
| Date Listed | April 30th, 2026 |
|---|---|
| Days on Market | 146 |
| Zoning | RM |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Eymon Binesh |
|---|---|
| Office | Marcus & Millichap |