Four-Unit Property With Private
For Sale
$725,000
12473 Georgia Lane, Madera, CA 93637
Multi Family, Madera, CA
Property Size3,187 SF
Lot Size0.49 Acres
Price / SF$227.49
Days on Market19
Property Features for 12473 Georgia Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 8, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 7, Bedroom 7, Bedroom 2, Bathroom 1, Bathroom 8, Bathroom 6, Bathroom 4, Bedroom 3
Exterior features
Wood
Lot features
Cul De Sac
High school district
Madera Unified
Directions
take pecan(ave 13) to Watt to Georgia ave to Georgia Lane
Subdivision
637
Standard status
Active
APN
047370020
Size
3,187 SF
Lot size
0.49 Acres
Building Details
Floors in Building
1
Number of units
4
Roof type
Tile
Listing Agency:
Pro Mr. Z Realty Madera
(559) 673-2201
Listed By:
Vera Coffeen
(559) 673-2201
Added: Aug 14
Changed: Aug 31
Last Checked: Sep 1 at 7:06AM
MLS# 653729
Copyright © 2026 Fresno Association of Realtors. 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 four-unit residential income property in Madera comprises 3,187 square feet on 0.49 acres. Each residence includes two bedrooms, two bathrooms, a living room with a fireplace, an interior laundry room, and a private patio. Detached garages, additional on-site parking, tile roofing, and low-maintenance yards support the residential configuration.
The property is positioned on Georgia Lane within a cul-de-sac setting. The residences are described as having minimal turnover and long-term renters, providing an established occupancy profile. Each unit is configured with the features of a standalone home, including private outdoor space and dedicated garage access.
The property is positioned on Georgia Lane within a cul-de-sac setting. The residences are described as having minimal turnover and long-term renters, providing an established occupancy profile. Each unit is configured with the features of a standalone home, including private outdoor space and dedicated garage access.
Key Highlights
- Four‑unit residential income property totaling 3,187 square feet
- 0.49‑acre site in a cul‑de‑sac setting
- Each unit has 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,500
$702.5K
Cap Rate 7%
$501,786
$501.8K
Cap Rate 9%
$390,278
$390.3K
Market Conditions
NOI Build-Up for 3,187 SF
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.
Gross rent
$54.3K $17.04/SF
− Vacancy
−$4.1K −$1.30/SF
EGI
$50.2K $15.74/SF
− OpEx
−$15.1K −$4.72/SF
NOI
$35.1K $11.02/SF
Area
Madera County, CA
Vacancy
7.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,500
Cap Rate 7%
$501,786
Cap Rate 9%
$390,278
Alternative Uses
Best Use
Multifamily LT 5
$501.8K
$439.1K – $585.4K
NOI $35,125 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$464.4K
$406.4K – $541.8K
NOI $32,510 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,335 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
80
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences offer fireplaces, in-unit laundry, private patios, garages, and additional on-site parking.
Where is this quadplex located?
The property is located at 12473 Georgia Lane Madera, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit residential income property totaling 3,187 square feet; 0.49‑acre site in a cul‑de‑sac setting; Each unit has 2 bedrooms and 2 bathrooms
