Four-Unit Apartment Building with
For Sale
$600,000
128 Park Street, Madera, CA 93637
Multi Family, Madera, CA
Property Size2,952 SF
Lot Size0.15 Acres
Price / SF$203.25
Days on Market41
Property Features for 128 Park Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 7, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 8
Parking features
Carport
Exterior features
Wood
High school district
Madera Unified
Directions
S Pine street to Oak st to left on Park street.
Subdivision
637
Standard status
Active
APN
012013015000
Size
2,952 SF
Lot size
0.15 Acres
Amenities
private patios
carport parking
on-site laundry
Building Details
Year built
1978
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
Miracle Realty
Listed By:
Diana Miracle
(559) 674-0091
Added: Sep 24
Changed: Nov 2
Last Checked: Nov 3 at 4:06AM
MLS# 655815
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.
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Investment Insights
Based on property information with market context.
This four-unit apartment property in Madera contains 2,952 square feet across four two-bedroom, one-bath residences. The building dates to 1978 and sits on a 0.15-acre lot. Each unit has a private patio, and carport parking and on-site laundry serve the property. One residence has been remodeled.
Shopping, dining, schools, and other everyday services are nearby. The property is located at 128 Park Street in Madera, California.
Shopping, dining, schools, and other everyday services are nearby. The property is located at 128 Park Street in Madera, California.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 2,952 square feet on a 0.15‑acre lot
- Private patio for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,535
Cap Rate
5.42%
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 5.42%
Second Best
Apartment 5plus
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.14M
$999.6K – $1.33M
NOI $79,968 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences combine private outdoor areas with shared on-site laundry and carport parking.
Where is this quadplex located?
The property is located at 128 Park Street Madera, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 2,952 square feet on a 0.15‑acre lot; Private patio for each residence
