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203 Bissell Ave
For Sale $999,000 ($254.07 per Sq Ft)
$999,000 ($254.07 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 3,932 Sq Ft
- 9,800 Sq Ft
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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $999,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,932 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1908 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5381900215 |
| MLS # | ML82045270 |
| Property ID | 322327834 |
| Lot Sqft | 9,800 |
| Zoning | RM |
| Days on Market | 32 |
| Original List Price | $1,150,000 |
| Date Updated | May 20, 2026 |
| Date Created | April 30, 2026 |
Listing Provided By
Eymon Binesh an agent of . Lic #02060059
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 20, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT