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.
For sale
Price cut: $151K (5/21)
$999,000
203 Bissell Ave, Richmond, CA 94801
12beds
6baths
3,932sqft
:
Get pre-qualified$6,792/mo
Quadruplex, Residential Income
Built in 1908
-- sqft lot
$-- Zestimate®
$254/sqft
$-- HOA
What's special
Co-living layout
- 87 days |
- 171 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Eymon Binesh 02060059 650-546-1030,
Marcus & Millichap 650-391-1700
Source: MLSListings Inc,MLS#: ML82045270
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Gas
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Doors: None
Interior area
- Total structure area: 3,932
- Total interior livable area: 3,932 sqft
Property
Parking
- Parking features: On Street
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 1
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 5381900215
- Zoning: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: RolledHotMop
Condition
- Year built: 1908
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $981,652
- Annual tax amount: $21,235
- Date on market: 4/30/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Building, Land
- Lease term: Month To Month
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Price change | $999,000-13.1%$254/sqft |
Source:  MLSListings Inc #ML82045270 Report a problem | ||
| 4/30/2026 | Listed for sale | $1,150,000-6%$292/sqft |
Source: MLSListings Inc #ML82045270 Report a problem | ||
| 3/25/2026 | Listing removed | $1,223,888$311/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41116686 Report a problem | ||
| 1/23/2026 | Price change | $1,223,888+2.1%$311/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41116686 Report a problem | ||
| 11/5/2025 | Listed for sale | $1,199,000-6%$305/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41116686 Report a problem | ||
| 11/1/2025 | Listing removed | $1,275,000$324/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41102085 Report a problem | ||
| 6/19/2025 | Listed for sale | $1,275,000+7.1%$324/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41102085 Report a problem | ||
| 5/19/2025 | Listing removed | $1,190,000$303/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 4/7/2025 | Price change | $1,190,000-0.8%$303/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 3/10/2025 | Price change | $1,199,000-4%$305/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 1/2/2025 | Listed for sale | $1,249,000-0.1%$318/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 12/18/2024 | Listing removed | $1,249,900$318/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 10/31/2024 | Price change | $1,249,900-3.4%$318/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 10/18/2024 | Price change | $1,294,000-0.4%$329/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 7/25/2024 | Listed for sale | $1,299,000$330/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41067658 Report a problem | ||
| 10/13/2023 | Listing removed | -- |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 8/8/2023 | Price change | $1,299,000-3.1%$330/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 6/8/2023 | Price change | $1,340,000-6.8%$341/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 5/17/2023 | Listed for sale | $1,437,580$366/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 5/4/2023 | Listing removed | -- |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 4/18/2023 | Price change | $1,437,580-0.1%$366/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 3/21/2023 | Price change | $1,439,000-0.8%$366/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 2/22/2023 | Listed for sale | $1,450,000+38.2%$369/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41019825 Report a problem | ||
| 7/23/2018 | Listing removed | $1,049,000+19.9%$267/sqft |
Source: Century 21 MM #40819259 Report a problem | ||
| 7/20/2018 | Sold | $875,000+76.8%$223/sqft |
Source:  Bay East AOR #40819259 Report a problem | ||
| 2/11/2016 | Sold | $495,000-3.2%$126/sqft |
Source:  SFAR #431728 Report a problem | ||
| 2/19/2014 | Sold | $511,500+438.4%$130/sqft |
Source: Public Record Report a problem | ||
| 12/16/2008 | Sold | $95,000-80.6%$24/sqft |
Source: Public Record Report a problem | ||
| 9/7/2007 | Sold | $488,750-36.1%$124/sqft |
Source: Public Record Report a problem | ||
| 8/8/2005 | Sold | $765,000$195/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,838 +1.7% | $981,652 +2% |
| 2024 | $18,514 +2.8% | $962,405 +2% |
| 2023 | $18,003 +2.2% | $943,535 +2% |
| 2022 | $17,618 +1.3% | $925,035 +2% |
| 2021 | $17,384 +4.3% | $906,898 +1% |
| 2020 | $16,665 +2.6% | $897,600 +2.6% |
| 2019 | $16,236 +1.2% | $875,000 +69.9% |
| 2018 | $16,042 +1.3% | $514,998 +2% |
| 2017 | $15,843 +46% | $504,900 -4.7% |
| 2016 | $10,852 +1.2% | $529,674 +1.5% |
| 2015 | $10,726 +134.5% | $521,719 +422.8% |
| 2014 | $4,573 | $99,793 +0.5% |
| 2013 | -- | $99,343 +2% |
| 2012 | -- | $97,396 +2% |
| 2011 | -- | $95,487 +0.8% |
| 2010 | -- | $94,774 -0.2% |
| 2009 | -- | $95,000 -84.2% |
| 2008 | -- | $600,000 -23.1% |
| 2007 | -- | $780,300 +2% |
| 2006 | -- | $765,000 +33.9% |
| 2005 | -- | $571,200 +75.1% |
| 2004 | -- | $326,259 +1.9% |
| 2003 | -- | $320,280 +2% |
| 2002 | -- | $314,000 +86.6% |
| 2001 | -- | $168,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Iron Triangle
Nearby schools
GreatSchools rating
- 4/10Lincoln Elementary SchoolGrades: K-6Distance: 0.2 mi
- 1/10Lovonya Dejean Middle SchoolGrades: 7-8Distance: 1.7 mi
- 2/10Kennedy High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- District: WestContraCostaUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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