Four-Unit Multifamily
For Sale
$1,050,000
764 Pierce St, Albany, CA 94706
Residential Income, Albany, CA
Property Size2,820 SF
Lot Size0.11 Acres
Price / SF$372.34
Days on Market97
Property Features for 764 Pierce St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1
Interior features
Storage
Exterior features
Side Yard
Fencing
Fenced
Subdivision
Albany
Lot features
Corner Lot, Back Yard
Directions
580 exit Buchanan to Pierce St..
Standard status
Active
APN
6627327
Size
2,820 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
laundry rooms
shared backyard
Building Details
Year built
1950
Number of units
4
Flooring type
Carpet, Carpet - Partial, Hardwood, Tile, Linoleum, Vinyl
Building materials
Stucco
Roof type
Tar/Gravel
Additional Structures
Storage
Buildings
1
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 847-8900
Listed By:
Nancy Sutorius
(925) 367-7414
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 41141277
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.
This 1950-built multifamily property contains four apartments: two one-bedroom units and two two-bedroom units. The building measures approximately 2,820 square feet on a 0.1148-acre lot. Each unit has laundry hookups, and the property includes a two-car garage, a large basement not used by tenants, and a shared backyard with paved and grassy areas. Stucco construction and wall-furnace heating are among the building features.
The property is at 764 Pierce St in Albany, with freeway access nearby and a bus line along the route. Long-term tenants and low vacancy are noted. Recent work includes two replacement garage doors and repairs and paint on the rear stairs.
The property is at 764 Pierce St in Albany, with freeway access nearby and a bus line along the route. Long-term tenants and low vacancy are noted. Recent work includes two replacement garage doors and repairs and paint on the rear stairs.
Key Highlights
- Four apartments: two one‑bedroom units and two two‑bedroom units
- Approximately 2,820 square feet on a 0.1148‑acre lot
- Laundry hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,281
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,620
$965.6K
Cap Rate 7%
$689,729
$689.7K
Cap Rate 9%
$536,456
$536.5K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$72.8K $25.80/SF
− Vacancy
−$3.8K −$1.34/SF
EGI
$69.0K $24.46/SF
− OpEx
−$20.7K −$7.34/SF
NOI
$48.3K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,620
Cap Rate 7%
$689,729
Cap Rate 9%
$536,456
Alternative Uses
Best Use
Multifamily LT 5
$689.7K
$603.5K – $804.7K
NOI $48,281 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$640.4K
$560.4K – $747.1K
NOI $44,828 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.07M
$932.7K – $1.24M
NOI $74,617 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 94706, CA
21,134
Population
8,386
Households
2.5
Avg Household Size
37
Median Age
77%
College-Educated
97%
High-School Grad
1.5 sq mi
ZIP Area
14,089
Density / Sq Mi
$136,961
Median Household Income
$75,849
Median Earnings
$2,394
Median Rent
$1,188,100
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
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has laundry hookups, and residents have driveway parking and access to a shared backyard.
Where is this quadplex located?
The property is located at 764 Pierce St Albany, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; Approximately 2,820 square feet on a 0.1148‑acre lot; Laundry hookups in each unit
