Building Details

Year Built 1904

Buildings 1

Listing Agency: DCP Realty- Coastwide Real Estate Inc. m***@gmail.com Show Phone

Listed By: Maria Rhodes · License #01481690 Show Phone

Source: Exitrealty

Added: Jun 19 Changed: Aug 30 Last Checked: Aug 30 at 2:46PM

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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 DCP Realty- Coastwide Real Estate Inc.

Investment Insights

Based on property information with market context.

Located at 141-145 Eddy Street in Richmond, this 2,238-square-foot duplex was built in 1904 and contains two separate residences. The front unit has 2 bedrooms and 2 bathrooms, while the rear unit includes 1 bedroom and 1 bathroom along with a view. Both residences are currently rented.

The property is in Point Richmond, with convenient access to nearby freeways. Its two-unit configuration, established rental occupancy, and distinct floor plans provide a straightforward multifamily setup.

Key Highlights

• 2,238‑square‑foot duplex built in 1904
• Front residence includes 2 bedrooms and 2 bathrooms
• Rear residence offers 1 bedroom, 1 bathroom, and a view

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$37,425

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.02%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$748,500 $748.5K

Cap Rate 7%

$534,643 $534.6K

Cap Rate 9%

$415,833 $415.8K

Market Conditions

NOI Build-Up for 2,238 SF 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.

Gross rent

$56.4K $25.20/SF

− Vacancy

−$2.9K −$1.31/SF

EGI

$53.5K $23.89/SF

− OpEx

−$16.0K −$7.17/SF

NOI

$37.4K $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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$748,500

Cap Rate 7%

$534,643

Cap Rate 9%

$415,833

Alternative Uses

Best Use

Multifamily LT 5

$534.6K

$467.8K – $623.8K (±1% cap)

NOI $37,425 @ 7.0% cap · market cap 5.02%

Second Best

Apartment 5plus

$463.1K

$405.3K – $540.3K (±1% cap)

NOI $32,420 @ 7.0% cap · market cap 4.35%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Pharmacy Bakery Cafe & Coffee Shop Computer & Electronic Repair

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

2

Residential units

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

490

Businesses Nearby

Explore this area Business Placement

Demographics for 94801, CA

33,486

Population

11,012

Households

3

Avg Household Size

34

Median Age

19%

College-Educated

69%

High-School Grad

11.5 sq mi

ZIP Area

2,912

Density / Sq Mi

$75,786

Median Household Income

$40,435

Median Earnings

$1,608

Median Rent

$593,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Income-producing duplex with a two-bedroom front residence and a one-bedroom rear residence near freeway access.

Where is this duplex located?

The property is located at 141-145 Eddy Street Point Richmond, CA.

What is the asking price?

The asking price for this property is $745,000.

What are key features of this property?

This property features: 2,238‑square‑foot duplex built in 1904; Front residence includes 2 bedrooms and 2 bathrooms; Rear residence offers 1 bedroom, 1 bathroom, and a view