About this home

Four-unit multifamily investment located in Richmond's Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 financial performance reflects $91,437 Gross Operating Income and $56,865 Net Operating Income, producing an approximately 6.0% cap rate at the $949,000 list price.. The property consists of four +/-1,122 SF units (total building area +/-4,488 SF) situated on a +/-6,750 SF corner lot. Unit 1403 is vacant and features a three-bedroom/one-bathroom layout, creating an opportunity for owner-occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two-bedroom/one-bath and a three-bedroom/one-bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and is located near Richmond Civic Center, Kaiser Richmond Medical Center, and the Richmond BART/Amtrak station, providing regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with upside potential through lease-up of the vacant unit and future rent growth.

Facts and features

Schools

• Nystrom Elementary School

  elementary · K-6 · 0.5 mi

  6

• Lovonya Dejean Middle School

  middle · 7-8 · 1.0 mi

  1

• Kennedy High School

  high · 9-12 · 1.6 mi

  2

• Elim Christian School

  elementary · K-12 · 0.2 mi

• Greenwood Academy

  high · 9-12 · 0.3 mi

  1

• Richmond College Preparatory School

  elementary · K-8 · 0.4 mi

  7

Price history

• Oct 13, 2026 · Listed$949,000
• Sep 9, 2026 · Listing Removed—
• Mar 9, 2026 · Listed$995,000
• Jan 2, 2026 · Listing Removed—
• Mar 5, 2025 · Price Changed$995,000
• Jan 3, 2025 · Listed$1,050,000
• Sep 20, 2018 · Listing Removed$549,000
• Nov 19, 2014 · Listing Removed$1,800

Tax history

• 2026$14,801 tax · $700,216 assessed
• 2025$14,673 tax · $700,216 assessed
• 2024$14,447 tax · $686,487 assessed
• 2023$14,014 tax · $659,831 assessed
• 2022$13,674 tax · $646,894 assessed
• 2021$13,444 tax · $634,211 assessed
• 2020$12,887 tax · $627,709 assessed
• 2019$12,594 tax · $615,402 assessed

Home value

$1,002,000

• Collateral Analytics$1,002,000
• Quantarium$932,252

Where it is