222 4th St, Richmond, California 94801, Richmond, 94801 - 0 bed, 0 bath
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222 4th St
Richmond, California 94801
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,594Sq Ft
5,537Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$530,733
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $499,999—positioned well below the $530,734 Fair Market Value by 5%. This valuation gap offers $30,735 in Instant Equity for buyers. Featuring a duplex with an unpermitted ADU, the property has a Condition Rating of 5, indicating significant deferred maintenance. With its strategic commuter location near BART and the Ferry, this is a Buy-and-Hold Investor asset ideal for experienced contractors capable of navigating zoning requirements to unlock full rental yield.
Estimated Market Value
$530,733+$30,734 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 4th St Subject 0 bd · 0 ba · 2,594 sqft · $205 | $499,999* List Price | 0 | 0 | 2,594 | $205 | - |
A 861 15th St Active 0 bd · 0 ba · 1,718 sqft · $232 · 0.9 mi | $399,000 List Price | 0 | 0 | 1,718 | $232 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1913 with no evidence of recent major renovations, this property shows significant signs of age and deferred maintenance. Interior images reveal dated bathrooms, worn carpeting, and a boarded-up window in one unit. The presence of an unpermitted ADU and the listing's 'value-add' description suggest the need for substantial rehabilitation and potential safety/permitting corrections.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property features a duplex with both units currently tenant-occupied, ensuring immediate cash flow for investors from the day of acquisition.
- Significant Value-Add Potential
The inclusion of a vacant ADU and a detached garage offers a prime opportunity to increase density and rental yield through permitting and strategic renovations.
- Strategic Commuter Location
Conveniently located near Richmond BART, the Ferry Terminal, and major freeways, the property is highly attractive to tenants seeking easy access to the broader Bay Area.
CONSRISKS & DEFICIENCIES
- Unpermitted ADU
The rear ADU is currently unpermitted, posing potential legal and financial risks that require the buyer to navigate complex zoning and building requirements.
- Low School Ratings
The property is served by schools with low performance ratings, which may limit the long-term appeal for families and impact future appreciation potential.
About 222 4th St
Welcome to 222 4th Street, a unique multi-unit investment opportunity for buyers looking to enter the Richmond real estate market. This property features a duplex with one 3-bedroom, 1-bathroom unit and one 2-bedroom, 1-bathroom, including a den for added flexibility. Both units have washer/dryer hook ups and are currently tenant-occupied, providing rental income from day one. In the rear of property, discover a vacant, unpermitted 1-bedroom, 1-bathroom ADU, offering potential for future improvements, subject to permits, zoning, and local requirements. A detached garage adds additional functionality and value to the property. Whether you're looking to expand your rental portfolio, explore value-add opportunities, or invest in Richmond real estate, this property offers multiple possibilities for the right buyer. Bring your vision and explore the potential at 222 4th Street that is conveniently situated near elementary schools, Richmond BART, Richmond Kaiser Hospital, the Richmond Ferry Terminal, major freeways, shopping, and local amenities that offers accessibility and conveniences attractive to prospective tenants.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1913
- Lot Size
- 5,537 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Lincoln Elementary School
Grades K-6 • 0.2 mi
3/10
Peres Elementary School
Grades K-6 • 0.6 mi
3/10
Washington Elementary School
Grades K-6 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,594 | 2,524.75 |
| Lot Size | 5,537 | 5,600.222 |
| Price | $500.0K | $854.3K |
| Price per sq ft | $193 | $399 |
| Built year | 1913 | 1947 |
| HOA | $0 | $0 |
| Days on market | 10 | 66 |
Pricing History
Listed for Sale
Oct 14, 2026
$499,999
Initial Listing