Four-Unit Multifamily
For Sale
$1,400,000
34681 Avenue 12, Madera, CA 93636
Commercial zoning supports future rental additions or retail development on Avenue 12 frontage.
Property Size4,941 SF
Lot Size2.25 Acres
Days on Market259
Property Features for 34681 Avenue 12
General Information
Standard status
Active
Size
4,941 SF
Lot size
2.25 Acres
Property subtype
Multi Family Home
Units
Unit Mix
1 x townhouse, 1 x 3BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Additional Details
Road Access
Yes
Building Details
Building Size
4,941 SF
Year Built
2002
Buildings
3
Stories
1
Units
4
Listing Agency:
RE/MAX Gold
(559) 514-4516
Listed By:
Saim Mohammad · License #02029388
(559) 514-4516
Source:
Coalingamidstaterealty
Added: Nov 17, 2025
Changed: Aug 2
Last Checked: Aug 2 at 1:29PM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
This four-unit multifamily property occupies 2.25 acres along Avenue 12 and was built in 2002. Improvements include a 1,200-square-foot townhouse with an attached shop/garage, a detached 3-bedroom, 2-bathroom home totaling 1,647 square feet, and a duplex with approximately 1,700 square feet per unit. Each duplex residence includes 3 bedrooms, 2 bathrooms, indoor laundry, and a 2-car garage. The detached home is currently operated as a business.
Commercial zoning provides flexibility for additional rental units or retail construction. All four units are leased on a month-to-month basis. Water is supplied by a 600-foot well drilled six years ago. The property includes 34681 Avenue 12 Units A & B and 34673 Avenue 12 Units A & B in Madera, California.
Commercial zoning provides flexibility for additional rental units or retail construction. All four units are leased on a month-to-month basis. Water is supplied by a 600-foot well drilled six years ago. The property includes 34681 Avenue 12 Units A & B and 34673 Avenue 12 Units A & B in Madera, California.
Key Highlights
- 2.25‑acre multifamily property with Avenue 12 frontage
- Four units, including a townhouse, detached home, and large duplex
- 1,200‑square‑foot townhouse with attached shop/garage
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 | $84.2k | $17.04 |
| − Vacancy | −$6.4k | −$1.30 |
| EGI | $77.8k | $15.74 |
| − OpEx | −$23.3k | −$4.72 |
| NOI | $54.5k | $11.02 |
4,941 SF · lease $17.04/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$778.0K
$680.7K – $907.6K
NOI $54,457 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$720.0K
$630.0K – $840.1K
NOI $50,403 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,850 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 93636, CA
14,004
Population
4,759
Households
2.9
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
197.5 sq mi
ZIP Area
71
Density / Sq Mi
$124,024
Median Household Income
$63,375
Median Earnings
$1,788
Median Rent
$483,300
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?
Multifamily property - Commercial zoning supports future rental additions or retail development on Avenue 12 frontage.
Where is this multifamily property located?
The property is located at 34681 Avenue 12 Madera, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2.25‑acre multifamily property with Avenue 12 frontage; Four units, including a townhouse, detached home, and large duplex; 1,200‑square‑foot townhouse with attached shop/garage
