Two-Unit
For Sale
$745,000
141-145 Eddy Street, Richmond, CA 94801
The property includes a two-bedroom, two-bath front residence and a one-bedroom, one-bath rear residence; both are occupied.
Property Size2,238 SF
Price / SF$332.89
Days on Market130
Property Features for 141-145 Eddy Street
General Information
Standard status
Active
Size
2,238 SF
Property subtype
Multi Family Home
Zoning
R2
Units
Unit Mix
2BR/2BA, 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Building Size
2,238 SF
Year Built
1904
Listing Agency:
DCP Realty- Coastwide Real Estate Inc.
Listed By:
Maria Rhodes · License #01481690
(650) 787-4552
Source:
Equityfirstre
Added: Jun 17
Changed: Oct 23
Last Checked: Oct 23 at 3:37PM
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.
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Investment Insights
Based on property information with market context.
Built in 1904, this 2,238-square-foot duplex contains two residences with different layouts. The front unit has two bedrooms and two bathrooms, while the rear unit offers one bedroom and one bathroom, along with a view. Both units are currently rented.
The property is in Point Richmond, with freeway access nearby, and is zoned R2.
The property is in Point Richmond, with freeway access nearby, and is zoned R2.
Key Highlights
- 2,238‑square‑foot duplex built in 1904
- Front residence has 2 bedrooms and 2 bathrooms
- Rear residence has 1 bedroom and 1 bathroom, plus a view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,425
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
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
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 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
NOI $37,425 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$463.1K
$405.3K – $540.3K
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.
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Property Analytics
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Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes a two-bedroom, two-bath front residence and a one-bedroom, one-bath rear residence; both are occupied.
Where is this duplex located?
The property is located at 141-145 Eddy Street 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 has 2 bedrooms and 2 bathrooms; Rear residence has 1 bedroom and 1 bathroom, plus a view
