2-Unit Duplex with Wraparound
For Sale
$725,000
607-607B Verde Avenue, Richmond, CA 94801
Two separate residences include open kitchen and living areas, dedicated laundry spaces, and storage sheds.
Property Size1,848 SF
Price / SF$392.32
Days on Market143
Property Features for 607-607B Verde Avenue
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
1,848 SF
Year Built
1990
Listing Agency:
Harper Real Estate
Listed By:
Martin E Leon
Source:
Metapointrealestate
Added: Jun 12
Changed: Oct 31
Last Checked: Oct 31 at 2:23PM
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 Harper Real Estate
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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 1,848-square-foot duplex, built in 1990, contains two residences with a matching layout: three bedrooms and two bathrooms in each. Both units have open kitchen and living areas, laminate flooring, and dedicated laundry space. Storage sheds and a wraparound yard are also part of the property.
The property is located in Richmond, near North Richmond Ballpark and Shields-Reid Park. A driveway provides off-street parking for residents and visitors.
The property is located in Richmond, near North Richmond Ballpark and Shields-Reid Park. A driveway provides off-street parking for residents and visitors.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 1,848 square feet; built in 1990
- Open kitchen and living areas, laminate flooring, and dedicated laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,904
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,080
$618.1K
Cap Rate 7%
$441,486
$441.5K
Cap Rate 9%
$343,378
$343.4K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$46.6K $25.20/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$44.1K $23.89/SF
− OpEx
−$13.2K −$7.17/SF
NOI
$30.9K $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%
$618,080
Cap Rate 7%
$441,486
Cap Rate 9%
$343,378
Alternative Uses
Best Use
Multifamily LT 5
$441.5K
$386.3K – $515.1K
NOI $30,904 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$382.4K
$334.6K – $446.2K
NOI $26,770 @ 7.0% cap · market cap 3.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
523
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include open kitchen and living areas, dedicated laundry spaces, and storage sheds.
Where is this duplex located?
The property is located at 607-607B Verde Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 1,848 square feet; built in 1990; Open kitchen and living areas, laminate flooring, and dedicated laundry in each unit
