Multifamily Property in Madera,
313 S K Street Madera, CA 93637
For Sale
$349,999
MULTI_FAMILY - Madera, CA
Property Size1,900 SF
Lot Size0.17 Acres
Price / SF$184.21
Days on Market253
Property Features for 313 S K Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Exterior features
Brick
Standard status
Active
APN
010152013000
Size
1,900 SF
Lot size
0.17 Acres
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Gold
(559) 367-0200
Listed By:
Saim Mohammad · License #02029388
(916) 218-6700
Added: Nov 17, 2025
Changed: Jul 28
Last Checked: Jul 28 at 10:06PM
MLS# 640058
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 property in Madera, California, features two separate living units situated on a single lot. The main residence includes 2 bedrooms and 1 bathroom. A detached studio unit is located at the rear of the property. With a property size of 1900 square feet and a lot size of 0.17 acres, this setup offers flexibility for a variety of ownership uses. The property is ready for a new owner and presents potential for additional income, subject to buyer verification of use, zoning, and rent potential. Buyer to verify all information to their satisfaction.
Key Highlights
- Two separate living units on one lot: main residence plus a detached studio at the rear
- Main residence features 2 bedrooms and 1 bathroom
- Detached studio unit located at the rear of the property
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $17.04 |
| − Vacancy | −$2.5k | −$1.30 |
| EGI | $29.9k | $15.74 |
| − OpEx | −$9.0k | −$4.72 |
| NOI | $20.9k | $11.02 |
1,900 SF · lease $17.04/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.2K
$261.8K – $349.0K
NOI $20,941 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.0K
NOI $19,382 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$735.3K
$643.4K – $857.8K
NOI $51,470 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units on one lot in Madera.
Where is this duplex located?
The property is located at 313 S K Street Madera, CA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Two separate living units on one lot: main residence plus a detached studio at the rear; Main residence features 2 bedrooms and 1 bathroom; Detached studio unit located at the rear of the property
