Four-Unit Quadplex with Detached
For Sale
$725,000
Pending
12473 Georgia Ln, Madera, CA 93637
Two-bedroom residences feature fireplaces, laundry rooms, patios, and low-maintenance yards.
Property Size3,175 SF
Days on Market16
Property Features for 12473 Georgia Ln
General Information
Standard status
Pending
Size
3,175 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Road Access
Yes
Amenities
fireplace
inside laundry room
private patio
detached garage
park like surroundings
tile roofs
low maintenance yards
Building Details
Buildings
1
Listing Agency:
Pro Mr. Z Realty
9088118
Listed By:
Vera S. Coffeen
9088118
Source:
Exprealty
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 29 at 6:03PM
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 Pro Mr. Z Realty
Investment Insights
Based on property information with market context.
This 3,175-square-foot quadplex contains four residences, each configured with two bedrooms and two bathrooms. Interior features include a living room with a fireplace and an inside laundry room, while each unit also includes a private patio. The property has tile roofs, low-maintenance yards, a detached garage, and an additional on-site parking space. Located on a cul-de-sac in Madera, the property includes long-term renters and has experienced minimal turnover. Its four-unit layout offers an owner-occupant the ability to live in one residence while leasing the remaining units, subject to applicable requirements.
Key Highlights
- Four‑unit quadplex with 3,175 square feet of property size
- Each unit has 2 bedrooms and 2 bathrooms
- Living rooms include fireplaces; units also have inside laundry rooms
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
$34,993
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
4.83%
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%
$699,860
$699.9K
Cap Rate 7%
$499,900
$499.9K
Cap Rate 9%
$388,811
$388.8K
Market Conditions
NOI Build-Up for 3,175 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
$54.1K $17.04/SF
− Vacancy
−$4.1K −$1.30/SF
EGI
$50.0K $15.74/SF
− OpEx
−$15.0K −$4.72/SF
NOI
$35.0K $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%
$699,860
Cap Rate 7%
$499,900
Cap Rate 9%
$388,811
Alternative Uses
Best Use
Multifamily LT 5
$499.9K
$437.4K – $583.2K
NOI $34,993 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$462.7K
$404.9K – $539.8K
NOI $32,388 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,009 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom residences feature fireplaces, laundry rooms, patios, and low-maintenance yards.
Where is this quadplex located?
The property is located at 12473 Georgia Ln 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 quadplex with 3,175 square feet of property size; Each unit has 2 bedrooms and 2 bathrooms; Living rooms include fireplaces; units also have inside laundry rooms
