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Four-Unit Multifamily Property with Garages
For Sale
$930,000

100 S 21st street, Richmond, CA 94804

Residential Income, Richmond, CA

Property Size3,288 SF
Lot Size0.09 Acres
Price / SF$282.85
Days on Market161

Property Features for 100 S 21st street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 6, Bedroom 5
Parking features Garage
Exterior features Front Yard
Subdivision Walls Harbor Ctr
Lot features Corner Lot
Directions Mcdonald ave to 22nd street then to Ohio and on to 21street..
Standard status Active
APN 5440610060
Size 3,288 SF
Lot size 0.09 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1963
Number of units 4
Building materials Stucco
Listing Agency: Keller Williams Realty
Listed By: Frank Grimsley
Added: Apr 30 Changed: Sep 16 Last Checked: Oct 7 at 4:06PM
MLS# 41133115

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.

Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 3,288 square feet and is configured with four residences, each offering two bedrooms and one bathroom. The 1963 building has stucco construction, natural-gas heating, public sewer service, and a front yard. Four enclosed garage spaces provide on-site parking for the property.

Located in Richmond, the property offers access to Richmond BART, I-80, the Richmond-SF Ferry, parks, local dining, and shopping. Its setting also places it within reach of employment corridors throughout the East Bay. The 0.0941-acre parcel provides a compact residential income-property footprint with established building improvements and garage parking.

Key Highlights

  • Four‑unit configuration with 2 bedrooms and 1 bathroom per unit
  • 3,288‑square‑foot multifamily building on a 0.0941‑acre parcel
  • Four enclosed garage parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$54,984
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,680 $1.1M
Cap Rate 7%
$785,486 $785.5K
Cap Rate 9%
$610,933 $610.9K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$82.9K $25.20/SF
− Vacancy
−$4.3K −$1.31/SF
EGI
$78.5K $23.89/SF
− OpEx
−$23.6K −$7.17/SF
NOI
$55.0K $16.72/SF
Area
Richmond, CA
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,680
Cap Rate 7%
$785,486
Cap Rate 9%
$610,933

Alternative Uses

Best Use
Multifamily LT 5
$785.5K
$687.3K – $916.4K (±1% cap)
NOI $54,984 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$680.4K
$595.4K – $793.8K (±1% cap)
NOI $47,630 @ 7.0% cap · market cap 5.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Locksmith (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,152
Businesses Nearby

Demographics for 94804, CA

45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four two-bedroom, one-bath residences provide a straightforward multifamily layout with enclosed garage parking.
Where is this quadplex located?
The property is located at 100 S 21st street Richmond, CA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Four‑unit configuration with 2 bedrooms and 1 bathroom per unit; 3,288‑square‑foot multifamily building on a 0.0941‑acre parcel; Four enclosed garage parking spaces
More about this property
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