Two-Unit Duplex with Two-Car
1119 Madison Avenue Redwood City, CA 94061
New
For Sale
$1,995,000
Front unit built in 1931 plus a second two-bedroom, two-bath home with a large backyard and two-car garage.
Property Size3,275 SF
Price / SF$609.16
Days on Market6
Property Features for 1119 Madison Avenue
General Information
Standard status
Active
Size
3,275 SF
Property subtype
Multi Family
Building Details
Year Built
1931
Listing Agency:
Guide Real Estate
(650) 766-5300
Listed By:
Alex Lehr · License #00867442
(650) 766-5300
Source:
Exitrealty
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 29 at 6:04AM
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 Guide Real Estate
Investment Insights
Based on property information with market context.
This for-sale duplex features two separate homes, each offering two bedrooms and two bathrooms. The front home was built in 1931 and includes a two-car garage and a dedicated laundry room. The back home also provides a two-car garage, with additional interior space and access to a massive backyard.
The property is located at 1119 Madison Avenue in Redwood City, providing convenient regional access with Highway 101 or 280 within reach.
Both homes are presented as move-in ready for personal occupancy or as straightforward rental options, with the existing layout designed around comfortable living space, separate garages, and in-home laundry.
The property is located at 1119 Madison Avenue in Redwood City, providing convenient regional access with Highway 101 or 280 within reach.
Both homes are presented as move-in ready for personal occupancy or as straightforward rental options, with the existing layout designed around comfortable living space, separate garages, and in-home laundry.
Key Highlights
- Front home built in 1931 with 2 bedrooms and 2 bathrooms
- Second home features 2 bedrooms and 2 bathrooms with spacious rooms, soaring ceilings, and abundant light
- Large backyard included with the second home
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.4k | $44.40 |
| − Vacancy | −$9.5k | −$2.89 |
| EGI | $136.0k | $41.51 |
| − OpEx | −$40.8k | −$12.45 |
| NOI | $95.2k | $29.06 |
3,275 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,171 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,136 @ 7.0% cap · market cap 4.47%
Theoretical Best
Warehouse
$2.60M
$2.28M – $3.03M
NOI $182,096 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Front unit built in 1931 plus a second two-bedroom, two-bath home with a large backyard and two-car garage.
Where is this duplex located?
The property is located at 1119 Madison Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Front home built in 1931 with 2 bedrooms and 2 bathrooms; Second home features 2 bedrooms and 2 bathrooms with spacious rooms, soaring ceilings, and abundant light; Large backyard included with the second home
