
Albany, California 94706
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,198,000. While currently priced slightly above the $1,151,933 Fair Market Value, the property offers significant upside through its Value-Add Potential by adjusting long-term, below-market rents. Featuring a Fair Condition Rating and a 5,000 sq ft lot, the building includes in-unit laundry hookups and dedicated parking. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to stabilize cash flow in a high-demand Albany location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 764 Pierce St Subject | $1,199,800* List Price | 0 | 0 | 2,820 | $389 | - |
A 615 Jackson St Sold | $1,300,000 | 0 | 0 | 3,240 | $401 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 (74 years old) with no mention of comprehensive renovations to kitchens, baths, or major systems. The exterior shows significant staining and age-related wear, and the listing notes active structural repairs to stairs and long-term tenants, suggesting the interior finishes and systems are likely original or significantly outdated and in need of a full rehab.
Situated in the highly desirable Albany area, the property offers excellent proximity to freeway access and public transit, ensuring consistent tenant demand.
With long-term tenants currently paying below-market rents, there is a significant opportunity for investors to increase Net Operating Income through market-rate adjustments.
The property features in-unit laundry hookups, dedicated parking for all tenants, and a large basement/2-car garage that provides additional utility or storage potential.
The current low-rent structure may result in a lower immediate cap rate, requiring a long-term strategy to realize the property's full financial potential.
As a 1950s build with active repairs currently underway on the back stairs, the property likely requires ongoing capital expenditure for modernization and upkeep.
Great location 764 Pierce St Albany 4 plex building is approx 2820 sq ft with a 5000 sq ft lot. The property features Two ( 2 ) One bedrooms and Two (2) bedrooms units. Each unit has own laundry rooms with hook ups. Tenants each have a parking space in the driveway It has a 2 car garage and large basement, which isn't used by tenants. 2 new garage doors has just been installed. Featured a shared Back yard which has side yard access with cement and grass area. Back stairs have been repaired and painted There has been long termed tenants, with low vacancy and low rents. Has mature trees and is close to freeway access. There is a bus line that goes by. open house for 1 unit only and garage and basement also a 2 bedroom showing
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,820 | 3,105.667 |
| Lot Size | 5,000 | 4,833.667 |
| Price | $1.20M | $1.37M |
| Price per sq ft | $425 | $441 |
| Built year | 1950 | 1966 |
| HOA | $0 | $0 |
| Days on market | 47 | 44 |
Aug 28, 2026
$1,199,800
$1,198,000
+0% Price Increase
Initial Listing
Jul 24, 2026
$1,198,000
Initial Listing