Duplex with Detached Studio
For Sale
$349,999
313 S K Street, Madera, CA 93637
MULTI_FAMILY - Madera, CA
Property Size1,900 SF
Lot Size0.17 Acres
Price / SF$184.21
Days on Market268
Property Features for 313 S K Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2
Exterior features
Brick
High school district
Madera Unified
Directions
From 99, exit 4th St, west to K St, south to the propert.
Subdivision
637
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 · RE/MAX International
(559) 367-0200
Listed By:
Saim Mohammad · License #02029388
(916) 218-6700
Added: Nov 17, 2025
Changed: Aug 11
Last Checked: Aug 12 at 1:06PM
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 duplex features two separate living units on one lot. The main residence includes 2 bedrooms and 1 bathroom, and there is also a detached studio unit located at the rear of the property. This layout can support flexible ownership uses. The property is ready for a new owner, with any additional income potential subject to buyer verification of use, zoning, and rent potential.
The property is located at 313 S K Street in Madera, CA 93637, in Madera County. The home sits on a 0.17-acre lot and is approximately 1,900 square feet. Exterior features include brick construction, and the roof is composition.
Built in 1948, the property includes the main residence rooms and the separate rear studio, providing a clear two-living-unit configuration for prospective owner-occupants or renters.
The property is located at 313 S K Street in Madera, CA 93637, in Madera County. The home sits on a 0.17-acre lot and is approximately 1,900 square feet. Exterior features include brick construction, and the roof is composition.
Built in 1948, the property includes the main residence rooms and the separate rear studio, providing a clear two-living-unit configuration for prospective owner-occupants or renters.
Key Highlights
- Two separate living units on one lot
- Main residence has 2 bedrooms and 1 bathroom
- Detached studio unit located at the rear of the property
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
$20,941
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
5.98%
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%
$418,820
$418.8K
Cap Rate 7%
$299,157
$299.2K
Cap Rate 9%
$232,678
$232.7K
Market Conditions
NOI Build-Up for 1,900 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
$32.4K $17.04/SF
− Vacancy
−$2.5K −$1.30/SF
EGI
$29.9K $15.74/SF
− OpEx
−$9.0K −$4.72/SF
NOI
$20.9K $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%
$418,820
Cap Rate 7%
$299,157
Cap Rate 9%
$232,678
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,151
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?
Duplex - Two separate living units on one lot, including a rear detached studio and a main 2-bedroom, 1-bath residence.
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 has 2 bedrooms and 1 bathroom; Detached studio unit located at the rear of the property
