This turnkey Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased, generating $7,800/month in rent—$93,600 annually—and offering an impressive 7%+ cap rate at the current asking price. With low annual maintenance costs (approx. $3,600), this well-maintained gated property is a rare opportunity to secure strong market rents from day one. The property features: – Two spacious 3BD/1BA units in a duplex—one partially remodeled – A charming, remodeled 1BD/1BA detached unit with a large bonus basement – In-unit laundry for all three residences – Secure, gated parking for approximately 4 vehicles – A sizable shared yard, ideal for tenants Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property also qualifies for special loan programs thanks to its location in an eligible lending area. Whether you''re expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.
Property Details
Price:
$900,000
MLS #:
41101466
Status:
Active
Baths:
0
Address:
5Th St
Type:
Residential Income
Subtype:
Triplex
Subdivision:
IRON TRIANGLE
City:
Richmond
Listed Date:
Jun 13, 2025
State:
CA
ZIP:
94801
Lot Size:
5,650 sqft / 0.13 acres (approx)
Year Built:
1910
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Schools
Interior
Flooring
Laminate, Tile, Vinyl
Heating
Wall Furnace
Exterior
Parking Features
Street
Parking Spots
4.00
Roof
Shingle
Sewer
Public Sewer
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address5Th St Richmond CA
- SubdivisionIRON TRIANGLE
- CityRichmond
- CountyContra Costa
- Zip Code94801
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5Th St
Richmond, CA
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