Two-Story Multifamily
For Sale
$799,000
108 North Q Street, Madera, CA 93637
Established residential income property with R3 zoning and a central setting near everyday services and transportation routes.
Property Size2,784 SF
Lot Size0.17 Acres
Price / SF$286
Days on Market54
Property Features for 108 North Q Street
General Information
Standard status
Active
Size
2,784 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Zoning
R3
Building Details
Building Size
2,784 SF
Year Built
1968
Stories
2
Listing Agency:
RE/MAX
Listed By:
Kirk Atamian · License #2127378
(559) 246-0000
Source:
Remaxcommercial
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 1 at 2:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
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Investment Insights
Based on property information with market context.
This two-story multifamily property was built in 1968 and includes approximately 2,784 square feet of building area on a roughly 7,405-square-foot lot. County records identify the asset as multifamily, while R3 residential zoning supports its existing higher-density residential character.
Located in central Madera, the property offers access to schools, shopping, services, employment areas, and major transportation routes. The combination of an established building, multifamily classification, and residential zoning provides a straightforward format for evaluating a rental housing asset.
Located in central Madera, the property offers access to schools, shopping, services, employment areas, and major transportation routes. The combination of an established building, multifamily classification, and residential zoning provides a straightforward format for evaluating a rental housing asset.
Key Highlights
- Two‑story multifamily property built in 1968
- Approximately 2,784 square feet of building area
- Roughly 7,405‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,399
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,980
$568.0K
Cap Rate 7%
$405,700
$405.7K
Cap Rate 9%
$315,544
$315.5K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$56.1K $20.16/SF
− Vacancy
−$4.5K −$1.61/SF
EGI
$51.6K $18.55/SF
− OpEx
−$23.2K −$8.35/SF
NOI
$28.4K $10.20/SF
Area
Madera County, CA
Vacancy
8.00%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,980
Cap Rate 7%
$405,700
Cap Rate 9%
$315,544
Alternative Uses
Best Use
Apartment 5plus
$405.7K
$355.0K – $473.3K
NOI $28,399 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.7K – $1.26M
NOI $75,417 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 93637, CA
40,202
Population
12,918
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
70%
High-School Grad
280.4 sq mi
ZIP Area
143
Density / Sq Mi
$74,621
Median Household Income
$36,057
Median Earnings
$1,345
Median Rent
$369,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Established residential income property with R3 zoning and a central setting near everyday services and transportation routes.
Where is this multifamily property located?
The property is located at 108 North Q Street Madera, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑story multifamily property built in 1968; Approximately 2,784 square feet of building area; Roughly 7,405‑square‑foot lot
