Duplex with Private
For Sale
$599,000
569 18th Street, Richmond, CA 94801
Long-term tenants occupy the side-by-side units, with one- and two-bedroom layouts.
Property Size1,544 SF
Price / SF$387.95
Days on Market431
Property Features for 569 18th Street
General Information
Standard status
Active
Size
1,544 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Tenant in Place
Yes
Amenities
private backyard
Building Details
Building Size
1,544 SF
Year Built
1948
Listing Agency:
Cornerstone Real Estate, Home Loans & Property Management, Inc
Listed By:
Maggie M Rodriguez · License #01493863
Source:
Marinsfinest
Added: Aug 27, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:21AM
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 Cornerstone Real Estate, Home Loans & Property Management, Inc
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Investment Insights
Based on property information with market context.
Built in 1948, this side-by-side duplex has two distinct floor plans: one unit offers one bedroom and one bathroom, while the other has two bedrooms and one bathroom. Each residence opens to its own backyard. A detached garage provides one space for each unit, with an additional driveway parking spot assigned to each. The interiors are largely in original condition.
Key Highlights
- Side‑by‑side duplex with one‑bedroom and two‑bedroom units, each with one bathroom
- Private backyard access for both residences
- Detached garage with one space assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,820
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,400
$516.4K
Cap Rate 7%
$368,857
$368.9K
Cap Rate 9%
$286,889
$286.9K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$38.9K $25.20/SF
− Vacancy
−$2.0K −$1.31/SF
EGI
$36.9K $23.89/SF
− OpEx
−$11.1K −$7.17/SF
NOI
$25.8K $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%
$516,400
Cap Rate 7%
$368,857
Cap Rate 9%
$286,889
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.3K
NOI $25,820 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$319.5K
$279.6K – $372.8K
NOI $22,367 @ 7.0% cap · market cap 3.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,201
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Long-term tenants occupy the side-by-side units, with one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 569 18th Street Richmond, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Side‑by‑side duplex with one‑bedroom and two‑bedroom units, each with one bathroom; Private backyard access for both residences; Detached garage with one space assigned to each unit
