Fourplex Residential Income
764 Pierce St Albany, CA 94706
New
For Sale
$1,198,000
Fourplex with two one-bedroom and two two-bedroom units, each with laundry hookups and dedicated driveway parking.
Property Size2,820 SF
Lot Size0.11 Acres
Price / SF$424.82
Days on Market5
Property Features for 764 Pierce St
General Information
Standard status
Active
Size
2,820 SF
Lot size
0.11 Acres
Property subtype
Investment
Building Details
Year Built
1950
Listing Agency:
RE/MAX Accord
(925) 367-7414
Listed By:
Nancy Sutorius · License #628232
(925) 367-7414
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Accord
Investment Insights
Based on property information with market context.
Fourplex residential income property at 764 Pierce St, Albany. The building is approximately 2,820 square feet and sits on a 5,000 square foot lot. There are two (2) one-bedroom units and two (2) two-bedroom units. Each unit has its own laundry room with hook-ups, and tenants each have a designated parking space in the driveway. The property includes a two-car garage and a large basement that is not used by tenants.
Exterior and site features include a shared backyard and side yard access with both cement and grass areas. Two new garage doors have been installed. Back stairs are in the process of being repaired. The property has long-term tenants, with low vacancy and low rents, and includes mature trees. It is close to freeway access, and a bus line goes by the property.
Please do not disturb tenants. An open house is scheduled for Sun July 26 from 1:00 for one unit only.
Exterior and site features include a shared backyard and side yard access with both cement and grass areas. Two new garage doors have been installed. Back stairs are in the process of being repaired. The property has long-term tenants, with low vacancy and low rents, and includes mature trees. It is close to freeway access, and a bus line goes by the property.
Please do not disturb tenants. An open house is scheduled for Sun July 26 from 1:00 for one unit only.
Key Highlights
- Fourplex built in 1950 with approx. 2,820 SF on a 5,000 SF lot
- Unit mix: two 1‑bedroom units and two 2‑bedroom units
- Each unit has its own laundry room with hookups
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex with two one-bedroom and two two-bedroom units, each with laundry hookups and dedicated driveway parking.
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: Fourplex built in 1950 with approx. 2,820 SF on a 5,000 SF lot; Unit mix: two 1‑bedroom units and two 2‑bedroom units; Each unit has its own laundry room with hookups
