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Multi-Family Apartment Building For Sale
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551 Grove Ave, Richmond, CA 94801

Two-unit multi-family apartment building available for purchase.

Property SizeContact for details
Days on Market142

Property Features for 551 Grove Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Colliers - Sacramento, California
Listed By: Matt Sarro · License #CA 01942991
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 3:02PM

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 Colliers - Sacramento, California

Investment Insights

Based on property information with market context.

This is a two-unit multi-family apartment building available for sale. The property at 551 Grove Ave can be purchased separately or together with the properties at 1601 6th St and 555 Grove Ave in Richmond, CA 94801.

Key Highlights

  • Multi‑family apartment building available for purchase.
  • Two‑unit building.
  • Located at 551 Grove Ave, Richmond, CA 94801.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

541
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit multi-family apartment building available for purchase.
Where is this duplex located?
The property is located at 551 Grove Ave Richmond, CA.
What are key features of this property?
This property features: Multi‑family apartment building available for purchase.; Two‑unit building.; Located at **551 Grove Ave, Richmond, CA 94801**.
(916) 830-2584 Call to check price and availability
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