203 Bissell Ave, Richmond, CA, 94801
About This Home
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 (A±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.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1908
Materials
- Foundation: Concrete Perimeter
- Roof: RolledHotMop
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Residential Income
Interior
Appliances
- Laundry features: Coin Operated
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 5
Features
- Door features: None
Heating & Cooling
- Heating features: Gas
- Cooling features: None
Interior Area
- Total structure area: 3,932
- Total interior livable area: 3,932 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 5381900215
- Zoning: RM
- Special condition: Standard
Features
- Stories: 1
Lot
- Lot size: 9,800 sqft
Parking
- Parking features: On Street
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Contra Costa County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,051 | $60,612 |
| Home Insurance * | $268 | $3,216 |
| Property Taxes | $1,475 | $17,700 |
| Electricity | $843 | $10,117 |
| Total | $7,637 | $91,644 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $1,150,000 |
| 2026-03-25 | Listing removed | $1,223,888 |
| 2026-01-23 | Price change | $1,223,888 |
| 2025-11-05 | Listed for sale | $1,199,000 |
| 2025-11-01 | Listing removed | $1,275,000 |
| 2025-06-19 | Listed for sale | $1,275,000 |
| 2025-05-19 | Listing removed | $1,190,000 |
| 2025-04-07 | Price change | $1,190,000 |
| 2025-03-10 | Price change | $1,199,000 |
| 2025-01-02 | Listed for sale | $1,249,000 |
| 2024-12-18 | Listing removed | $1,249,900 |
| 2024-10-31 | Price change | $1,249,900 |
| 2024-10-18 | Price change | $1,294,000 |
| 2024-07-25 | Listed for sale | $1,299,000 |
| 2023-10-13 | Listing removed | -- |
| 2023-08-08 | Price change | $1,299,000 |
| 2023-06-08 | Price change | $1,340,000 |
| 2023-05-17 | Listed for sale | $1,437,580 |
| 2023-05-04 | Listing removed | -- |
| 2023-04-18 | Price change | $1,437,580 |
| 2023-03-21 | Price change | $1,439,000 |
| 2023-02-22 | Listed for sale | $1,450,000 |
| 2018-07-20 | Sold | $875,000 |
| 2018-06-27 | Pending sale | $1,049,000 |
| 2016-02-11 | Sold | $495,000 |
| 2014-02-19 | Sold | $511,500 |
| 2008-12-16 | Sold | $95,000 |
| 2007-09-07 | Sold | $488,750 |
| 2005-08-08 | Sold | $765,000 |
| 2004-04-12 | Sold | $560,000 |
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