Two-Unit
For Sale
$729,900
213 Nicholl Ave, Richmond, CA 94801
Both residences are occupied, with shops, restaurants, and neighborhood services nearby.
Property Size1,836 SF
Price / SF$397.55
Days on Market76
Property Features for 213 Nicholl Ave
General Information
Standard status
Active
Size
1,836 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Low Maintenance
Garden
Building Details
Building Size
1,836 SF
Year Built
1904
Buildings
1
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01291981
(925) 634-9400
Source:
Equityfirstre
Added: Aug 10
Changed: Oct 24
Last Checked: Oct 23 at 3:35PM
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 EQUITY FIRST REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,836-square-foot duplex contains two residences and dates to 1904. Both units are currently tenant-occupied. The property is in Point Richmond, where shops, restaurants, markets, and schools are nearby, along with Hotel Mac and a farmers market held on weekends.
Outdoor destinations in the area include the Bayshore Trail, Keller Beach, and Miller Knox shoreline access, with opportunities for hiking, boating, and fishing.
Outdoor destinations in the area include the Bayshore Trail, Keller Beach, and Miller Knox shoreline access, with opportunities for hiking, boating, and fishing.
Key Highlights
- Two residences in an 1,836‑square‑foot duplex
- Built in 1904
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,703
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,060
$614.1K
Cap Rate 7%
$438,614
$438.6K
Cap Rate 9%
$341,144
$341.1K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$46.3K $25.20/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$43.9K $23.89/SF
− OpEx
−$13.2K −$7.17/SF
NOI
$30.7K $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%
$614,060
Cap Rate 7%
$438,614
Cap Rate 9%
$341,144
Alternative Uses
Best Use
Multifamily LT 5
$438.6K
$383.8K – $511.7K
NOI $30,703 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$379.9K
$332.5K – $443.3K
NOI $26,596 @ 7.0% cap · market cap 3.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
491
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with shops, restaurants, and neighborhood services nearby.
Where is this duplex located?
The property is located at 213 Nicholl Ave Richmond, CA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two residences in an 1,836‑square‑foot duplex; Built in 1904; Both units are tenant‑occupied
