Four-Unit Quadplex with Private
For Sale
$615,000
128 Park St, Madera, CA 93637
Four two-bedroom homes include on-site laundry and dedicated carport parking.
Property Size2,952 SF
Price / SF$208.33
Days on Market30
Property Features for 128 Park St
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
private patio
carport parking
on-site laundry
Building Details
Year Built
1978
Listing Agency:
Miracle Realty
Listed By:
Erich E Schaller · License #01919044
(559) 217-0597
Source:
Sacramentoareahouses
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 12 at 8:32PM
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 Miracle Realty
Investment Insights
Based on property information with market context.
Built in 1978, this 2,952-square-foot quadplex contains four units, each with two bedrooms and one bathroom. Private patios provide outdoor space for each residence, and the property also has dedicated carport parking and shared laundry facilities. One unit has been remodeled.
The property is at 128 Park St in Madera, near shopping, dining, schools, and other everyday services.
The property is at 128 Park St in Madera, near shopping, dining, schools, and other everyday services.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 2,952 square feet
- Private patio for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,535
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,700
$650.7K
Cap Rate 7%
$464,786
$464.8K
Cap Rate 9%
$361,500
$361.5K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$50.3K $17.04/SF
− Vacancy
−$3.8K −$1.30/SF
EGI
$46.5K $15.74/SF
− OpEx
−$13.9K −$4.72/SF
NOI
$32.5K $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 Rate 5%
$650,700
Cap Rate 7%
$464,786
Cap Rate 9%
$361,500
Alternative Uses
Best Use
Multifamily LT 5
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.14M
$999.6K – $1.33M
NOI $79,968 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
682
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Four two-bedroom homes include on-site laundry and dedicated carport parking.
Where is this quadplex located?
The property is located at 128 Park St Madera, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 2,952 square feet; Private patio for each unit
