724 Delaware Street, Fairfield, CA 94533, Fairfield, 94533 - 6 bed, 4 bath
Loading property details...
724 Delaware Street
Fairfield, CA 94533
ACTIVE
CONDITION: FAIR
6Beds
4Baths
0Sq Ft
7,501Lot Size
Property Price
LIST PRICE$875,000
SUMMARY
Rarely available downtown Fairfield fourplex fully occupied with $5,225/month in gross income and significant upside with rents below market. All four units are 2BD/1BA, well maintained with a new roof (2024), on-site coin-operated laundry, and dedicated parking per unit. Ideally located near schools, transit, and shopping, this is a turnkey investment with real room to grow.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1967, this fourplex is well-maintained with a new roof (2024), but the interiors are dated. Kitchens and bathrooms feature older cabinetry, laminate countertops, and basic appliances consistent with a property that has undergone regular upkeep rather than a modern, comprehensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Rental Upside
With current rents performing below market value, this fully occupied fourplex offers a prime opportunity for investors to increase gross income and enhance the overall capitalization rate.
- Recent Capital Improvements
The property features a brand-new roof installed in 2024, significantly reducing immediate capital expenditure requirements and providing long-term structural peace of mind.
- Prime Downtown Location
Ideally situated in downtown Fairfield near schools, transit, and shopping, the property benefits from high tenant demand and a location that supports long-term occupancy.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1967, the property may require ongoing maintenance or future upgrades to original systems such as plumbing and electrical to meet modern standards.
- Modest Initial Yield
The current gross income of $5,225 per month results in a relatively low entry-level return compared to the $875,000 asking price until market-rate adjustments are realized.
About 724 Delaware Street
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1967
- Lot Size
- 7,501 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 6.0 |
| Baths | 4.0 | 4.0 |
| Square foot | - | 2,465.333 |
| Lot Size | 7,501 | 6,981.333 |
| Price | $875.0K | $759.0K |
| Price per sq ft | $0 | $317 |
| Built year | 1967 | 1961 |
| HOA | $0 | $0 |
| Days on market | 229 | 64 |
Pricing History
Listed for Sale
Mar 9, 2026
$875,000
Initial Listing