
Richmond, California 94801
This Richmond Quadruplex represents a Strong Value Opportunity, listed at $899,900—positioned well below the $985,550 Fair Market Value by 8%. This valuation gap provides $85,650 in Instant Equity for the incoming buyer. While the property holds a Fair Condition Rating with a recently renovated exterior and private patios, the 1968 interior offers significant value-add potential through modernization. With one vacant unit ready for immediate occupancy, this asset is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting the Bay Area commuter market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 219 Barrett Avenue Subject | $899,900* List Price | 0 | 0 | 3,288 | $300 | - |
A 1225 Fred Jackson Way Active | $850,000 List Price | 0 | 0 | 3,462 | $246 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property has a recently renovated exterior and new garage doors which provide good curb appeal. However, the building dates back to 1968 and no interior photos were provided, suggesting that the kitchens, bathrooms, and major systems likely require modernization. The listing's own analysis identifies aging infrastructure as a weakness, placing it in the fair category.
This quadruplex features one vacant unit, offering a perfect opportunity for an owner-occupant to move in while collecting rent from three existing tenants, or for an investor to immediately capture market-rate rent.
The exterior of the property was recently redone, providing immediate curb appeal and reducing the need for near-term exterior maintenance or capital expenditures.
Situated near BART and major transit corridors like I-80 and I-580, the property is highly attractive to tenants commuting to San Francisco, Oakland, and Berkeley.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3288, other record living area = 3238.
The assigned public schools have low ratings (ranging from 1 to 4), which may limit the property's appeal to families and impact long-term appreciation potential.
Constructed in 1968, the property may require significant interior updates or system modernizations to match the newly redone exterior and command top-tier rents.
Great investment or owner-occupant opportunity in Richmond. This four-unit property features three occupied units and one vacant unit, ideal for owner occupancy or rental at market rate. Each unit offers 2 bedrooms, 1 bathroom, and a separate garage. Exterior of property was just redone. Opportunity for investors or buyers looking to live in one unit while generating rental income from the others. Convenient location near BART, shopping, dining, and major commuter routes including I-80 and I-580, with easy access to Berkeley, Oakland, and San Francisco.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.2 mi
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 | 3,288 | - | 89% |
| Lot Size | 5,400 | 5,000 | 78% |
| Price | $899.9K | $690.0K | 78% |
| Price per sq ft | $274 | $0 | 67% |
| Built year | 1968 | 1939 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 184 | 11% |
Mar 11, 2026
$899,900
Initial Listing
Mar 25, 2010
$120,000
Public Record
Dec 12, 2003
$570,000
Public Record