Four-Unit Residential Income
764 Pierce St Albany, CA 94706
New
For Sale
$1,198,000
MULTI_FAMILY - Albany, CA
Property Size2,820 SF
Lot Size0.11 Acres
Price / SF$424.82
Days on Market7
Property Features for 764 Pierce St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
7
Rooms
Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 4, Bathroom 6, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 7, Bedroom 2, Bedroom 5, Bathroom 3
Interior features
Storage
Exterior features
Side Yard
Fencing
Fenced
Standard status
Active
APN
6627327
Size
2,820 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1950
Number of units
4
Flooring type
Tile, Linoleum, Carpet, Carpet - Partial, Vinyl, Hardwood
Building materials
Stucco
Roof type
Tar/Gravel
Additional Structures
Storage
Listing Agency:
RE/MAX Accord
(925) 847-8900
Listed By:
Nancy Sutorius · License #628232
(925) 367-7414
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 41141277
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit quadplex consists of two one-bedroom units and two two-bedroom units within an approximately 2,820-square-foot building. Each unit has its own laundry room with hook ups. Tenants have assigned parking spaces in the driveway, and the property also includes a two-car garage and a large basement that is not used by tenants.
The exterior features a shared back yard with both cement and grass areas, along with side yard access. Mature trees are on site, and the property is described as being close to freeway access with a bus line that goes by. Two new garage doors have been installed, and back stairs are in the process of being repaired.
The property is offered for sale with long-term tenants and is noted as having low vacancy and low rents. Please do not disturb tenants; an open house is scheduled for Sun July 26, 1:00 for one unit only.
The exterior features a shared back yard with both cement and grass areas, along with side yard access. Mature trees are on site, and the property is described as being close to freeway access with a bus line that goes by. Two new garage doors have been installed, and back stairs are in the process of being repaired.
The property is offered for sale with long-term tenants and is noted as having low vacancy and low rents. Please do not disturb tenants; an open house is scheduled for Sun July 26, 1:00 for one unit only.
Key Highlights
- ~2,820 SF 4‑plex on a ~5,000 SF lot at 764 Pierce St, Albany
- Unit mix: two 1‑bedroom units and two 2‑bedroom units
- Each unit has its own laundry room hook‑ups
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.8k | $51.00 |
| − Vacancy | −$8.6k | −$3.05 |
| EGI | $135.2k | $47.95 |
| − OpEx | −$40.6k | −$14.39 |
| NOI | $94.7k | $33.57 |
2,820 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,654 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$583.6K
$510.6K – $680.9K
NOI $40,851 @ 7.0% cap · market cap 3.41%
Theoretical Best
Retail
$12.86M
$11.25M – $15.00M
NOI $899,937 @ 7.0% cap · market cap 75.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex includes two one-bedroom and two two-bedroom units, each with laundry hookups and dedicated parking in the driveway.
Where is this quadplex located?
The property is located at 764 Pierce St Albany, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: ~2,820 SF 4‑plex on a ~5,000 SF lot at 764 Pierce St, Albany; Unit mix: two 1‑bedroom units and two 2‑bedroom units; Each unit has its own laundry room hook‑ups
