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    217 Madison Ave Redwood City, CA 94061

    For Sale
    $1,888,000

    Multi-unit residential building in a convenient Redwood City location.

    Lot size:
    0.12 Acres

    Property Features for 217 Madison Ave

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1969

    Source: Terrace Associates Agent Karl Dresden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redwood City Multi-Unit Residential Building

    This multi-unit residential building is situated in a convenient location, within walking distance of Whole Foods, Starbucks, Redwood City's downtown entertainment, shops, restaurants, and the bus and train station. The property features two 2-bedroom apartments and a spacious 4-bedroom, 3-bathroom ground floor unit suitable for extended family and friends. It also includes the convenience of 3 garages, extra storage space, and a coin laundry room. The ground floor unit generates two rent payments, while the two 2-bedroom units generate two additional rent payments. The property benefits from solar panels on the roof. This property is suitable as a starter investment.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.229895
    Latitude
    37.48007

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    FAQs

    What type of property is this?
    Apartment building - Multi-unit residential building in a convenient Redwood City location.
    Where is this apartment building located?
    The property is located at 217 Madison Ave Redwood City, CA.
    What is the asking price?
    The asking price for this property is $1,888,000.
    What are key features of this property?
    This property features: - Multi-unit building featuring two 2-bedroom units and a spacious 4-bedroom/3-bathroom unit.; - Excellent income potential from four rent payments.; - Convenient location: walk to Whole Foods, Starbucks, downtown Redwood City, shops, restaurants, bus, and train station.
    (650) 369-7331
    Request Owner's contact information
    217 Madison Ave Redwood City, CA 94061
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    Redwood City, CA 94061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    217 Madison Ave Redwood City, CA 94061
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