1830 Richardson St 5 Unit Apartment Building $1,795,000 ($359,000/Unit) 4.20% Cap Rate Martinez, CA 94553

Exceptionally low-maintenance 5-unit apartment building in the heart of Martinez, offering strong income, minimal operating expenses, and rare development upside. This well-kept property sits on a desirable corner at Richardson and Robinson, featuring clean, straightforward systems and a simple building layout that makes long-term ownership remarkably efficient.
Included in the sale are two additional parcels measuring approximately 4,822 sq ft and 5,144 sq ft, providing significant development potential—ideal for ADUs, additional units, garages, small-lot homes, or future value-add expansion (buyer to verify with the City of Martinez). The parcels enjoy excellent street frontage on a quiet residential block, giving developers and buy-and-hold investors attractive optionality.
The existing 5-unit building produces steady, reliable income with very low turnover, easy management, and minimal ongoing costs. Its low-maintenance structure makes it an ideal investment for both local and out-of-area owners looking for a hassle-free asset with future upside.
Centrally located near downtown Martinez, schools, parks, shopping, and major commuter routes, this property combines immediate cash flow with long-term development opportunity—a rare offering in today’s market.