Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4041-4047 Ellis Rd Martinez, CA 94553

    View on Map
    Sponsored
    For Sale
    $859,900

    MULTI_FAMILY - Martinez, CA

    Property size:
    2,400 SF
    Lot size:
    0.14 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 19 at 7:06 am

    Property Features for 4041-4047 Ellis Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 6
    Bedrooms
    7
    Bathrooms
    7
    APN
    3801930292
    Parking features
    Carport
    Exterior features
    Front Yard
    Appliances
    Dryer, Washer
    Size
    2,400 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace

    Building Details

    Year built
    1941
    Number of units
    3
    Flooring type
    Tile, Carpet, Laminate
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Amber Cole
    Amber Cole

    Cole Real Estate (925) 382-4822

    Listing agent Amber Cole (925) 228-4411

    Listing date Mar 18, 2026

    MLS# 41127616

    Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Martinez Multi-Family Investment Opportunity

    This property features a single-family home and a duplex, presenting a unique investment opportunity. The updated single-family home includes 3 bedrooms and 1 bathroom, with newer paint and flooring. The duplex consists of two units, each offering 2 bedrooms, 1 bathroom, an eat-in kitchen, and a living room. A detached garage is currently utilized as a large storage room. A shared laundry room and an additional storage room are located next to the laundry area. Situated in Martinez, California, the property is conveniently located near Highway 680, schools, and a short drive from downtown Martinez. The lot size is 0.14 acres. The property offers potential for various uses. The total property size is 2400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Gym & Fitness Center Auto Repair Shop Daycare Center Big Box & Wholesale Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Contra Costa
    State
    California
    Longitude
    -122.093624
    Latitude
    38.008811

    Nearby Similar for Sale

    • $885,000
      1,956 SF

      Martinez Triplex with Parking Lot

      Triplex on one lot with adjacent parking lot included.
      3120 Pacheco Blvd, Martinez, CA 94553
      View Details
    • $560,000

      High-Visibility Building on Major Arterial

      Two-suite building with ample parking and upgraded mechanicals.
      6645 Alhambra Ave, Martinez, CA 94553
      View Details
    • $1,400,000

      Updated Mixed-Use Building in Martinez

      Retail and office suites in blossoming Downtown Martinez.
      411 Ferry St, Martinez, CA 94553
      View Details
    • $1,100,000
      3,452 SF

      Martinez Warehouse with Residential Home

      Large home with warehouse; many potential uses.
      4970 Blum Rd, Martinez, CA 94553
      View Details
    • $2,500,000

      Versatile Retail Complex Near Future Development

      Two-building retail complex on .86 acre near future residential development.
      4966 Pacheco Blvd, Martinez, CA 94553
      View Details
    • $838,000

      Downtown Martinez Craftsman Office Building

      Iconic Craftsman office building in Downtown Martinez near courthouses.
      1004 Court St, Martinez, CA 94553
      View Details
    • $560,000

      High-Visibility Building on Major Arterial

      High-visibility building with ample parking and upgraded mechanicals.
      6645 Alhambra Ave, Martinez, CA 94553
      View Details
    • $2,500,000
      9,075 SF

      Versatile Retail Business Complex

      Two-building retail complex on a large lot with ample parking.
      4966 Pacheco Blvd, Martinez, CA 94553
      View Details
    • $838,000
      1,583 SF

      Craftsman Office Building in Downtown

      Iconic Craftsman office building in Downtown Martinez near Courthouses.
      1004 Court St, Martinez, CA 94553
      View Details
    • $999,999

      Downtown Martinez Office Building

      Two-story office building in downtown Martinez, approximately 7,382 SF.
      820 Alhambra Ave, Martinez, CA 94553
      View Details
    • $1,400,000

      Updated Retail/Office Building For Sale

      Retail and office suites in blossoming Downtown Martinez.
      411 Ferry St, Martinez, CA 94553
      View Details
    • $925,000

      Updated Triplex in Downtown Martinez

      Move-in ready triplex near downtown Martinez shops and restaurants.
      933 Las Juntas St, Martinez, CA 94553
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Single family home plus duplex near Highway 680 and downtown.
    Where is this multifamily property located?
    The property is located at 4041-4047 Ellis Rd Martinez, CA.
    What is the asking price?
    The asking price for this property is $859,900.
    What are key features of this property?
    This property features: - Single family home plus a duplex on one property.; - Updated 3-bed, 1-bath single family home is move-in ready.; - Convenient location near Highway 680, schools, and Downtown Martinez.
    (925) 228-4411
    Request Owner's contact information
    4041-4047 Ellis Rd Martinez, CA 94553
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4041-4047 Ellis Rd
    Martinez, CA 94553
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4041-4047 Ellis Rd Martinez, CA 94553
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amber Cole
    Amber Cole
    (925) 228-4411 (925) 382-4822
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!