Triplex with Remodeling
640--650 Harbour way, Richmond, CA 94801
For Sale
New
$649,888
Residential Income, Richmond, CA
Property Size1,418 SF
Lot Size0.18 Acres
Price / SF$458.31
Days on Market3
Property Features for 640--650 Harbour way
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Paramount Buildings & Loans
Listed By:
Jerry Kumar · License #01255148
(510) 219-2845
Added: Nov 7
Last Checked: Nov 9 at 4:06AM
MLS# 41153326
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property is classified as a triplex and includes two homes that need remodeling. The residence at 650 Harbour Way has two levels, with 648 and 650 assigned as its numbers. The property was built in 1909 and contains 1,418 square feet.
The 0.1802-acre site has off-street parking, a fenced yard, public water, and public sewer. Adding an ADU may be possible, subject to plans and approval.
The 0.1802-acre site has off-street parking, a fenced yard, public water, and public sewer. Adding an ADU may be possible, subject to plans and approval.
Key Highlights
- Two homes require remodeling
- 1,418‑square‑foot property on a 0.1802‑acre lot
- Built in 1909
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,713
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,260
$474.3K
Cap Rate 7%
$338,757
$338.8K
Cap Rate 9%
$263,478
$263.5K
Market Conditions
NOI Build-Up for 1,418 SF
Gross rent
$35.7K $25.20/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$33.9K $23.89/SF
− OpEx
−$10.2K −$7.17/SF
NOI
$23.7K $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%
$474,260
Cap Rate 7%
$338,757
Cap Rate 9%
$263,478
Alternative Uses
Best Use
Multifamily LT 5
$338.8K
$296.4K – $395.2K
NOI $23,713 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$293.4K
$256.8K – $342.4K
NOI $20,541 @ 7.0% cap · market cap 3.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,648
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?
Triplex - The 0.1802-acre parcel includes public water and sewer service.
Where is this triplex located?
The property is located at 640--650 Harbour way Richmond, CA.
What is the asking price?
The asking price for this property is $649,888.
What are key features of this property?
This property features: Two homes require remodeling; 1,418‑square‑foot property on a 0.1802‑acre lot; Built in 1909
