205 Muir Rd, Martinez, California 94553, Martinez, 94553 - 0 bed, 0 bath
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Martinez, California 94553
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,350,000—positioned slightly above the $1,342,831 Fair Market Value. Despite the minor premium, the property delivers a robust 6% Cap-Rate and $81,054 estimated NOI. Featuring a Condition Rating of 3, the building offers modern interior updates and high-demand proximity to the Martinez Kaiser and VA Hospital. This stable, income-generating property is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate cash flow in a prime medical-adjacent location.
Property is move-in ready.
While the building was constructed in 1965, it is extremely well-maintained with significant interior updates. The kitchen features modern shaker-style cabinetry, quartz countertops, and a contemporary backsplash indicating a recent renovation (likely <5 years). Although some systems like the wall heaters appear older, the overall condition is move-in ready and functional.
Situated just one block from Kaiser and the VA Hospital, the property benefits from a high-demand rental market driven by healthcare professionals and proximity to Highway 4.
With a 6% Cap Rate and an estimated NOI of $81,054 at current rents, this quadruplex offers immediate and robust cash flow for residential income investors.
The unique pathway entrance with lush gardens and trees provides a secluded, charming atmosphere that is rare for multi-family units, enhancing tenant appeal and retention.
Built in 1965, the property may require future capital expenditures for aging systems such as plumbing or electrical, despite its current well-maintained condition.
The unit mix is predominantly 2-bedroom, 1-bathroom layouts, which may limit the property's appeal to tenants seeking more varied or larger living configurations.
LOCATION, LOCATION, LOCATION ... First time on the market in 23-years ... extremely well maintained 4-Plex one-block away from Martinez Kaiser and the VA-Hospital ... 6% Cap-Rate at current rents ... $81,054 estimated NOI ... $402 per square foot ... Premium location - very good condition ... Uniquely private, pathway entrance with garden and trees - you can drive by the building and not notice it = terrific privacy and charm for the Tenants ... one apartment is vacant and easy to show - nicely updated with new wood floors, along with new kitchen cabinets, countertops and appliances ... three apartments are 2-bed, 1-bath and one apartment is a 2-bed, 2-bath ... about 4-blocks to Nob Hill Foods, Starbucks, movie theater and Hwy-4 entrance.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,360 | 3,360 | 50% |
| Lot Size | 9,000 | 6,175 | 67% |
| Price | $1.35M | $975.0K | 67% |
| Price per sq ft | $402 | $402 | 50% |
| Built year | 1965 | 1964 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 135 | 33% |
May 24, 2026
$1,350,000
Initial Listing
Dec 24, 1998
$72,500
Public Record