Two-Unit
For Sale
$745,000
141145 Eddy Street, Richmond, CA 94801
Income-producing duplex with distinct two-bedroom and one-bedroom residences near freeway access.
Property Size2,238 SF
Price / SF$332.89
Days on Market66
Property Features for 141145 Eddy Street
General Information
Standard status
Active
Size
2,238 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,827
Building Details
Year Built
1904
Listing Agency:
DCP Realty- Coastwide Real Estate Inc.
(650) 787-4552
Listed By:
Maria Rhodes · License #01481690
(650) 787-4552
Source:
Exitrealty
Added: Jun 26
Changed: Aug 29
Last Checked: Aug 29 at 7:23PM
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.
This 2,238-square-foot duplex, built in 1904, contains two separate residences. The front unit has two bedrooms and two bathrooms, while the rear unit provides one bedroom and one bathroom along with a view. Both units are currently rented.
The property is located on Eddy Street in Richmond, California, with convenient access to nearby freeways. Its two-unit configuration and established tenancy provide a straightforward multifamily ownership profile.
The property is located on Eddy Street in Richmond, California, with convenient access to nearby freeways. Its two-unit configuration and established tenancy provide a straightforward multifamily ownership profile.
Key Highlights
- 2,238 SF duplex built in 1904
- Two‑bedroom, two‑bath front residence
- One‑bedroom, one‑bath rear residence with 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
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with distinct two-bedroom and one-bedroom residences near freeway access.
Where is this duplex located?
The property is located at 141145 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 SF duplex built in 1904; Two‑bedroom, two‑bath front residence; One‑bedroom, one‑bath rear residence with a view
