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203 Bissell Avenue, 
Richmond, CA 94801

$1,150,000

—

Bed

—

Bath

3,932

Sq Ft

Multi-Family

Active

Listed by

Eymon Binesh

Marcus & Millichap

Last updated:

May 18, 2026, 04:38 PM

MLS#

82045270

Source:

CAREIL

About This Home

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.

Home Facts

Multi-Family

Built in 1908

Price Summary

1,150,000

$292 per Sq. Ft.

MLS #:

82045270

Last Updated:

May 18, 2026, 04:38 PM

Added:

18 day(s) ago

Rooms & Interior

Interior

Living Area:

3,932 Sq. Ft.

Structure

Structure

Building Area:

3,932 Sq. Ft.

Year Built:

1908

Lot

Lot Size (Sq. Ft):

9,800

Finances & Disclosures

Finances

Price:

$1,150,000

Price per Sq. Ft:

$292 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.