Four-Unit Apartment
For Sale
$650,000
12476 Georgia Lane, Madera, CA 93637
Four residential units offer private patios, interior laundry, fireplaces, and individual garages within a low-maintenance configuration.
Property Size3,188 SF
Price / SF$203.89
Days on Market157
Property Features for 12476 Georgia Lane
General Information
Standard status
Active
Size
3,188 SF
Property subtype
Multi Family / Quadruplex
Lease Type
Net
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Road Access
Yes
Amenities
inside laundry
fireplace
private patios
garage
More than One unit
More than One Unit
Central Heat/Cool
Composition
Stucco
Concrete Perimeter
Building Details
Year Built
1992
Buildings
1
Listing Agency:
Fresno Income Properties
(559) 438-9410
Listed By:
Paul Gestic · License #01376488
(559) 438-9410
Source:
Compass
Added: Mar 27
Changed: Aug 29
Last Checked: Aug 29 at 1:45PM
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 Fresno Income Properties
Investment Insights
Based on property information with market context.
This 1992-built quadplex contains four residential units, each arranged with two bedrooms and two bathrooms. Interior features include in-unit laundry and a fireplace, while each residence also has a private patio and individual garage. Central heating and cooling are provided throughout the property, with stucco exteriors and concrete perimeter construction.
The property is located on Georgia Lane in Madera, California, within a cul-de-sac setting. Its four-unit configuration supports continued multifamily use, and the property information also identifies an owner-occupant option in which one unit may be occupied while the remaining units are rented. The adjacent fourplex at 12486 Georgia Ln is separately available, with the seller expressing a preference for a combined sale while remaining open to separate transactions.
The property is located on Georgia Lane in Madera, California, within a cul-de-sac setting. Its four-unit configuration supports continued multifamily use, and the property information also identifies an owner-occupant option in which one unit may be occupied while the remaining units are rented. The adjacent fourplex at 12486 Georgia Ln is separately available, with the seller expressing a preference for a combined sale while remaining open to separate transactions.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- Private patio and individual garage for every unit
- Interior laundry and fireplace in each residence
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
$35,136
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
5.41%
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%
$702,720
$702.7K
Cap Rate 7%
$501,943
$501.9K
Cap Rate 9%
$390,400
$390.4K
Market Conditions
NOI Build-Up for 3,188 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%
$702,720
Cap Rate 7%
$501,943
Cap Rate 9%
$390,400
Alternative Uses
Best Use
Multifamily LT 5
$501.9K
$439.2K – $585.6K
NOI $35,136 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$464.6K
$406.5K – $542.0K
NOI $32,521 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,362 @ 7.0% cap · market cap 13.29%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer private patios, interior laundry, fireplaces, and individual garages within a low-maintenance configuration.
Where is this quadplex located?
The property is located at 12476 Georgia Lane Madera, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; Private patio and individual garage for every unit; Interior laundry and fireplace in each residence
