Corner-Lot Duplex with
New
For Sale
$599,000
569 18th Street, Richmond, CA 94801
Residential Income, Richmond, CA
Property Size1,544 SF
Lot Size0.11 Acres
Price / SF$387.95
Days on Market5
Property Features for 569 18th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
Parking
4
Appliances
Free-Standing Gas Range
Lot features
Landscape Back, Landscape Front
Directions
Harbour Way to Roosevelt Way to 18th Street
Subdivision
Richmond-North & West/Parchest
Standard status
Active
APN
5141700061
Size
1,544 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Building materials
Concrete, Frame, Stucco, Wood
Roof type
Composition
Listing Agency:
Cornerstone Real Estate, Home Loans & Property Management, Inc
(707) 447-8120
Listed By:
Maggie M Rodriguez
(707) 386-0626
Added: Sep 18
Last Checked: Sep 22 at 7:06PM
MLS# 325076384
Copyright © 2026 Bay Area Real Estate Information Services, Inc. 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 side-by-side duplex contains 1,544 square feet on a 0.1148-acre corner parcel. Each unit provides direct access to a private backyard, while a detached garage structure supplies one garage space per unit along with an additional driveway parking spot. The interiors remain largely in their original condition, creating a property with existing occupancy and room for future updates.
Built in 1948, the property uses public water and public sewer. Construction includes concrete, frame, stucco, and wood elements, with wall-furnace heating and a composition roof. The property is located in Richmond, California, within Contra Costa County.
Built in 1948, the property uses public water and public sewer. Construction includes concrete, frame, stucco, and wood elements, with wall-furnace heating and a composition roof. The property is located in Richmond, California, within Contra Costa County.
Key Highlights
- 1,544‑square‑foot side‑by‑side duplex on a 0.1148‑acre corner lot
- Each unit has a private backyard with direct access
- Detached garage provides one garage space per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,201
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with private yards, assigned parking, and existing long-term tenants in place.
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: 1,544‑square‑foot side‑by‑side duplex on a 0.1148‑acre corner lot; Each unit has a private backyard with direct access; Detached garage provides one garage space per unit
