724 Delaware Street, Fairfield, CA 94533, Fairfield, 94533 - 6 bed, 4 bath
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Fairfield, CA 94533
Analysis of 724 Delaware Street, Fairfield, CA 94533 is currently available with a list price of $875,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fairfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
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.
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.
The property features a brand-new roof installed in 2024, significantly reducing immediate capital expenditure requirements and providing long-term structural peace of mind.
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.
Built in 1967, the property may require ongoing maintenance or future upgrades to original systems such as plumbing and electrical to meet modern standards.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 4.0 | 2.0 | 67% |
| Square foot | - | 3,052 | 33% |
| Lot Size | 7,501 | 7,501 | 50% |
| Price | $875.0K | $925.0K | 33% |
| Price per sq ft | $0 | $248 | 33% |
| Built year | 1967 | 1985 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 130 | 33% |
Mar 9, 2026
$875,000
Initial Listing