Richmond Multifamily Investment Opportunity

1401 Bissell Ave, Richmond, CA 94801

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For Sale

$995,000

Four units near transit with income and upside potential.

Type:Investment

Property size:

4,488 SF

Lot size:

0.15 Acres

Price / SF:

$221/SF

HighLights

5.7% Cap Rate based on verified 2025 operating performance ($56,865 NOI) at $995,000 list price.
Prime location in Richmond's Civic Center district near Richmond BART and Amtrak, providing regional access.
Vacant three‑bedroom/one‑bathroom unit (1403) offers immediate owner‑occupancy or market‑rent lease‑up opportunity.
Four‑unit multifamily property with existing income ($91,437 Gross Operating Income).
Tenants separately pay for utilities including water, sewer, gas, electricity, internet, and cable/satellite.
Includes four garage parking spaces.

We can help!

Listing Contact

Colin Davies

Learn more

For Sale

$995,000

Four units near transit with income and upside potential.

Type:Investment

Property size:

4,488 SF

Lot size:

0.15 Acres

Price / SF:

$221/SF

Added:: Apr 24, 2026
Days on Market:: 59
Last Refresh:: Apr 24 at 6:01 pm

Property Features for 1401 Bissell Ave

General Information

Standard status: Active
Size: 4,488 SF
Lot size: 0.15 Acres
Property subtype: Investment

Building Details

Year Built: 1923

We can help!

Listing Contact

Colin Davies

Listing agent Colin Davies

Listing office Security Pacific Real Estate

Listing date Apr 24, 2026

Source Elliman

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 Security Pacific Real Estate

HighLights

5.7% Cap Rate based on verified 2025 operating performance ($56,865 NOI) at $995,000 list price.
Prime location in Richmond's Civic Center district near Richmond BART and Amtrak, providing regional access.
Vacant three‑bedroom/one‑bathroom unit (1403) offers immediate owner‑occupancy or market‑rent lease‑up opportunity.
Four‑unit multifamily property with existing income ($91,437 Gross Operating Income).
Tenants separately pay for utilities including water, sewer, gas, electricity, internet, and cable/satellite.
Includes four garage parking spaces.

Overview

This four-unit multifamily property is located in Richmond’s Civic Center district, near Richmond BART and Amtrak stations. The property, situated on a corner lot of approximately 6,750 square feet, has a total building area of approximately 4,488 square feet. Each of the four units measures approximately 1,122 square feet. One unit, featuring a three-bedroom/one-bathroom layout, is currently vacant, presenting an opportunity for owner-occupancy or market-rate leasing. The remaining three units include a mix of two-bedroom/one-bath and three-bedroom/one-bath layouts. Tenants are responsible for separately paying for water, sewer, gas, electricity, internet, and cable/satellite. The property includes four garage parking spaces. The location provides regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with potential for increased revenue through lease-up of the vacant unit and future rent growth. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$113.1k	$25.20
− Vacancy	−$5.9k	−$1.31
EGI	$107.2k	$23.89
− OpEx	−$32.2k	−$7.17
NOI	$75.1k	$16.72

4,488 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.07M

$938.2K – $1.25M (±1% cap)

NOI $75,052 @ 7.0% cap · market cap 7.54%

Second Best

Apartment 5plus

$928.8K

$812.7K – $1.08M (±1% cap)

NOI $65,014 @ 7.0% cap · market cap 6.53%

Theoretical Best

—

same as Best Use

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

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Richmond
County: Contra Costa
State: California
Longitude: -122.356021
Latitude: 37.9342018

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For sale
Quadplexes
CA
Richmond
94801
1401 Bissell Ave

What type of property is this?

Quadplex - Four units near transit with income and upside potential.

Where is this quadplex located?

The property is located at 1401 Bissell Ave Richmond, CA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 5.7% Cap Rate based on verified 2025 operating performance ($56,865 NOI) at $995,000 list price.; Prime location in Richmond's Civic Center district near Richmond BART and Amtrak, providing regional access.; Vacant three‑bedroom/one‑bathroom unit (1403) offers immediate owner‑occupancy or market‑rent lease‑up opportunity.