203 Bissell Avenue, Richmond, CA 94801

• 3,932 sqft

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.

Listing Status:

Active

Date Added:

April 30, 2026

Data Last Updated:

May 20, 2026 at 7:16AM

Listing Office:

Marcus & Millichap : (650) 391-1700

Listing Agent:

Eymon Binesh : 650-546-1030

MLS ID:

ML82045270

Interior

• A/C: None
• Heating:
• Disability Feature: None

Exterior

• Parking: Parking spaces: 0

Construction

• General: 1Concrete Perimeter

Location

• Originating MLS: CRMLS_MLSL
• School District: Other
• County: Contra Costa

Lot

• Zoning: RM5381900215

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_MLSL