$2,698,000
4751 - 4771 STEVESTON HIGHWAY
Beds
11
Baths
7
Sqft
—
Year
1968
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Richmond. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare income property opportunity in the heart of Steveston! Situated on over 14,000 square ft of prime land, this legal duplex (circa 1970s) is on one of the last large development parcels in this highly sought-after neighborhood. The property is currently tenanted with long-term occupants, providing stable income and immediate holding security. Existing rents are below current market levels, presenting a clear value-add opportunity for future revenue growth over time. Whether held as a steady income property, repositioned for stronger yield, or land-banked for future development, this is a rare chance to acquire scale and upside in charming Steveston - a neighborhood where opportunities of this size are increasingly scarce. A long-term asset with built-in growth potential! (id:65958)
- Subtype
- Multi-family
- Structure
- Fourplex
- Common interest
- Freehold
- Living area
- 5,149 square feet
- Lot size
- 14,015 square feet
- Lot dimensions
- 14015
- Parking
- 10 total
- On market
- Feb 19, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $10,116.15 (2025)
- Photos
- 24
- MLS#
- R3091654
- Area
- RICHMOND
Features and systems
Appliances
Lot
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$16,448
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.