Multi-Family Quadplex with Commercial
34681 Avenue 12 Madera, CA 93636
For Sale
$1,400,000
MULTI_FAMILY - Madera, CA
Property Size4,941 SF
Lot Size2.25 Acres
Price / SF$283.34
Days on Market250
Property Features for 34681 Avenue 12
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bathroom 4, Bathroom 8, Bedroom 8, Bedroom 6, Bathroom 5, Bedroom 7, Bedroom 10, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 6, Bedroom 11, Bedroom 1, Bedroom 9, Bathroom 7
- Parking features
- Garage
- Exterior features
- Stucco, Wood
- Standard status
- Active
- APN
- 034232010000
- Size
- 4,941 SF
- Lot size
- 2.25 Acres
Utilities
- Utilities
- Propane
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Number of units
- 4
- 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 24
Last Checked: Jul 25 at 11:06AM
MLS# 640075
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.
The property is a 2.25-acre multi-use, income-producing setup featuring four multifamily units plus additional residential improvements. It includes a 1,200-square-foot townhouse with a spacious attached shop/garage, as well as a detached 3-bedroom, 2-bathroom home totaling 1,647 square feet that is currently operated as a business. A large duplex rounds out the configuration, with each unit offering approximately 1,700 square feet, 3 bedrooms, 2 bathrooms, indoor laundry, and 2-car garages. Tenants are month-to-month, providing flexibility for future plans.
The site has premium Avenue 12 frontage and is described as having commercial zoning, which the seller notes supports the flexibility to add rentals or pursue additional development such as retail. The listing includes addresses at 34681 Avenue 12 Units A & B and 34673 Avenue 12 Units A & B.
For investors or operators, this property offers a combination of existing rental housing and an on-site business currently operating in the detached home. The listing also states dependable water access via a 600-foot well drilled about six years ago. With month-to-month occupancy and commercial zoning, the asset is positioned for buyers looking for a versatile parcel to manage current income while planning for future uses.
The site has premium Avenue 12 frontage and is described as having commercial zoning, which the seller notes supports the flexibility to add rentals or pursue additional development such as retail. The listing includes addresses at 34681 Avenue 12 Units A & B and 34673 Avenue 12 Units A & B.
For investors or operators, this property offers a combination of existing rental housing and an on-site business currently operating in the detached home. The listing also states dependable water access via a 600-foot well drilled about six years ago. With month-to-month occupancy and commercial zoning, the asset is positioned for buyers looking for a versatile parcel to manage current income while planning for future uses.
Key Highlights
- 2.25‑acre Avenue 12 frontage in Madera Ranchos with commercial zoning and multifamily income‑producing units
- Four multifamily units plus a large duplex: each duplex unit offers ~1,700 SF, 3 bedrooms, 2 bathrooms, indoor laundry, and 2‑car garages
- Includes a 1,200 SF townhouse with an attached shop/garage, and a detached 1,647 SF 3‑bedroom, 2‑bathroom home currently operating as a business
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Thai Palace Spa ...
Alternative Medicine Practice
FAQs
What type of property is this?
Quadplex - Four income-producing multifamily units with month-to-month tenants and commercial zoning, plus an on-site well for water access.
Where is this quadplex 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 Avenue 12 frontage in Madera Ranchos with commercial zoning and multifamily income‑producing units; Four multifamily units plus a large duplex: each duplex unit offers ~1,700 SF, 3 bedrooms, 2 bathrooms, indoor laundry, and 2‑car garages; Includes a 1,200 SF townhouse with an attached shop/garage, and a detached 1,647 SF 3‑bedroom, 2‑bathroom home currently operating as a business
