421 Barrett Ave, Richmond, California 94801, Richmond, - bed, bath

home-pic
ACTIVE$399,000
421 Barrett Ave, Richmond, California 94801
0Bed
0Bath
Sqft
3,240Lot
Year Built
1952
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41113794
Home ConditionFair
Features
Patio
View-

About this home

Lowest Priced Duplex Investment in Richmond – Unmatched Opportunity! Welcome to 421 Barrett Avenue, the lowest-priced duplex investment property in the area! An incredible chance to own a true income-producing asset in one of the Bay Area’s most dynamic markets. This well-maintained duplex features two 1-bedroom/1-bath units with stable, long-term tenants already in place, delivering immediate rental income from day one. Perfect for first-time investors or those looking to expand their portfolio, Barrett Avenue offers unbeatable value and cash flow potential at a price you simply won’t find anywhere else nearby. Beyond the numbers, the property shines with prime commuter access: minutes to I-80, I-580, the Richmond Parkway, Richmond BART, and the Ferry Terminal, offering seamless connections to San Francisco, Oakland, Berkeley, and Marin. Tenants benefit from nearby schools, shopping, dining, and the fast-changing Downtown Richmond corridor, ensuring strong rental demand and future growth potential. Compared with many nearby multifamily listings, this property offers a notably more affordable entry point for investors while still delivering immediate income and upside potential. Opportunities like this don’t last! Contact us today for more information about Richmond’s best inv

Nearby schools

3/10
Peres Elementary School
Public,K-60.3mi
3/10
Lincoln Elementary School
Public,K-60.5mi
3/10
Washington Elementary School
Public,K-61.3mi
1/10
Lovonya Dejean Middle School
Public,7-81.6mi
1/10
Helms Middle School
Public,7-82.1mi
4/10
Fred T. Korematsu Middle School
Public,7-83.9mi
3/10
Richmond High School
Public,9-121.3mi
2/10
Kennedy High School
Public,9-122.2mi

Price History

Date
Event
Price
10/04/25
Listing
$399,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot00
Lot Size3,2405,000
20%
Price$399K$528K
20%
Price per square foot$0$0
Built year19521942
60%
HOA
Days on market32159
20%
Condition Rating
Fair

Built in 1952, this duplex is well-maintained and functional for immediate rental income. The kitchen shows some updates with white shaker cabinets and newer appliances, but the overall aesthetic, including basic light fixtures, dated bathroom tiling, and utilitarian finishes, indicates that it has not undergone a full, recent renovation. It is livable but many components are outdated and would benefit from minor updates to modernize its style and features.
Pros & Cons

Pros

Exceptional Affordability: Positioned as the 'lowest-priced duplex investment in Richmond,' offering a highly accessible entry point for investors seeking value.
Immediate Cash Flow: Features stable, long-term tenants already in place, ensuring instant rental income and cash flow from day one without vacancy concerns.
Strategic Commuter Location: Provides excellent access to major freeways (I-80, I-580), Richmond Parkway, BART, and the Ferry Terminal, facilitating seamless Bay Area commutes.
Strong Rental Demand & Growth Potential: Located in a dynamic area with nearby amenities and a 'fast-changing Downtown Richmond corridor,' supporting robust rental demand and future appreciation.
Turnkey Investment Opportunity: A well-maintained duplex with existing tenants, making it an ideal, low-hassle option for first-time or expanding investors.

Cons

Property Age: Built in 1952, the property's age may imply potential for aging infrastructure, higher maintenance costs, or the need for future system upgrades.
Limited Unit Size: Consists of two 1-bedroom/1-bath units, which might restrict the tenant pool to individuals or couples, potentially limiting rental income growth compared to larger units.
Variable School Performance: While schools are nearby, some have lower ratings, which could be a consideration for prospective tenants with school-aged children and impact long-term neighborhood appeal.

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