Duplex with Vacant
For Sale
$589,000
3008 Center Avenue, Richmond, CA 94804
A vacant unit provides flexibility within this two-unit residential property.
Property Size1,614 SF
Price / SF$364.93
Days on Market135
Property Features for 3008 Center Avenue
General Information
Standard status
Active
Size
1,614 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Property Condition
Severity
Repairs Needed
Evidence
Only minor cosmetic upgrades needed
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
Landscape Front
Building Details
Building Size
1,614 SF
Year Built
1940
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Emilio Quinonez
(510) 813-1241
Source:
Equityfirstre
Added: Jun 18
Changed: Oct 29
Last Checked: Oct 29 at 6:31PM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,614-square-foot duplex was built in 1940 and includes a vacant unit. The property is located approximately five minutes from the Richmond BART station, between Nicholl Park and John F. Kennedy Park.
Key Highlights
- 1,614‑square‑foot duplex built in 1940
- One unit is vacant
- Approximately five minutes from the Richmond BART station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,990
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,800
$539.8K
Cap Rate 7%
$385,571
$385.6K
Cap Rate 9%
$299,889
$299.9K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$40.7K $25.20/SF
− Vacancy
−$2.1K −$1.31/SF
EGI
$38.6K $23.89/SF
− OpEx
−$11.6K −$7.17/SF
NOI
$27.0K $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%
$539,800
Cap Rate 7%
$385,571
Cap Rate 9%
$299,889
Alternative Uses
Best Use
Multifamily LT 5
$385.6K
$337.4K – $449.8K
NOI $26,990 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$334.0K
$292.3K – $389.7K
NOI $23,381 @ 7.0% cap · market cap 3.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 94804, CA
45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
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 - A vacant unit provides flexibility within this two-unit residential property.
Where is this duplex located?
The property is located at 3008 Center Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 1,614‑square‑foot duplex built in 1940; One unit is vacant; Approximately five minutes from the Richmond BART station
