Duplex with Two-Car
1119 Madison AVE Redwood City, CA 94061
New
For Sale
$1,995,000
MULTI_FAMILY - REDWOOD CITY, CA
Property Size3,275 SF
Lot Size0.24 Acres
Price / SF$609.16
Days on Market1
Property Features for 1119 Madison AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R20000
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 1, Laundry Room, Bedroom 2
- Parking features
- Garage - Attached
- Interior features
- High Ceiling, Vaulted Ceiling
- Appliances
- Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 3,275 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Central, Natural Gas, Forced Air
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1931
- Number of units
- 2
- Flooring type
- Hardwood, Tile, Carpet
- Roof type
- Composition, Shingle
Listing Agency:
Guide Real Estate
(650) 766-5300
Listed By:
Alex Lehr · License #00867442
(650) 766-5300
Added: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# ML82055219
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two separate 2-bedroom, 2-bath homes. The front home was built in 1931 and offers wood-toned character, along with a practical layout. The back home provides spacious rooms, soaring ceilings, abundant light, and a massive backyard. Both homes include a spacious two-car garage and laundry room space.
The property at 1119 Madison Ave offers easy access to Silicon Valley or San Francisco, with Highway 101 or Highway 280 providing convenient routes.
Situated on a lot of 0.2428 acres, the property totals 3,275 square feet and is presented for personal occupancy or investment.
The property at 1119 Madison Ave offers easy access to Silicon Valley or San Francisco, with Highway 101 or Highway 280 providing convenient routes.
Situated on a lot of 0.2428 acres, the property totals 3,275 square feet and is presented for personal occupancy or investment.
Key Highlights
- Two detached homes on one legacy property, each with 2 bedrooms and 2 baths
- Front home built in 1931 with high ceilings and wood/carpet/tile flooring
- Back home features soaring/vaulted ceilings and a massive backyard
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 2-bath homes each with a spacious two-car garage and laundry rooms, offered for sale.
Where is this duplex located?
The property is located at 1119 Madison AVE 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: Two detached homes on one legacy property, each with 2 bedrooms and 2 baths; Front home built in 1931 with high ceilings and wood/carpet/tile flooring; Back home features soaring/vaulted ceilings and a massive backyard
