Renovated 2-Unit Residential
423 Silver Ave Richmond, CA 94805
423 Silver Ave, Richmond, CA, 94805
$690,000
For Sale
$690,000
MULTI_FAMILY - Richmond, CA
Property Size1,974 SF
Lot Size0.17 Acres
Price / SF$349.54
Days on Market48
Property Features for 423 Silver Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Back Yard, Front Yard
- Standard status
- Active
- APN
- 4091610081
- Size
- 1,974 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1961
- Number of units
- 2
- Building materials
- Stucco
Listing agency
HomeSmart Optima Realty, Inc
(925) 270-0520
Listed by
Michelle Dupree · License #01714686
(510) 759-1045
Added: Jun 4 Updated: Jul 15 at 2:33AM Checked: Jul 21 at 2:06PM
MLS# 41133393
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This completely renovated duplex features two residential units, each with three bedrooms and one bathroom. Each unit is equipped with a stainless steel refrigerator, stove, dishwasher, and includes a washer and dryer in the unit. Additional noted improvement includes solar that is owned.
The property is located at 423 Silver Ave in Richmond, CA 94805. It is described as close to public schools and offers easy access to the freeway.
For buyers seeking a residential income property, the configuration supports two separate 3-bedroom household layouts, with in-unit laundry and a full appliance package listed for each unit. The owned solar adds an additional stated attribute for operations and day-to-day utility management. The asset is offered for sale as a fully renovated duplex.
The property is located at 423 Silver Ave in Richmond, CA 94805. It is described as close to public schools and offers easy access to the freeway.
For buyers seeking a residential income property, the configuration supports two separate 3-bedroom household layouts, with in-unit laundry and a full appliance package listed for each unit. The owned solar adds an additional stated attribute for operations and day-to-day utility management. The asset is offered for sale as a fully renovated duplex.
Key Highlights
- Completely renovated property built in 1961 with stucco exterior
- 3 bed / 1 bath layout in each unit
- In‑unit stainless steel appliances plus washer and dryer in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $25.20 |
| − Vacancy | −$2.6k | −$1.31 |
| EGI | $47.2k | $23.89 |
| − OpEx | −$14.1k | −$7.17 |
| NOI | $33.0k | $16.72 |
1,974 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$408.5K
$357.5K – $476.6K
NOI $28,596 @ 7.0% cap · market cap 4.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely renovated duplex with two 3-bedroom, 1-bath units, each with appliances and in-unit laundry.
Where is this duplex located?
The property is located at 423 Silver Ave Richmond, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Completely renovated property built in 1961 with stucco exterior; 3 bed / 1 bath layout in each unit; In‑unit stainless steel appliances plus washer and dryer in each unit
