Corner Lot Duplex with Detached
For Sale
$190,000
Pending
363 E Rush Street, Madera, CA 93638
MULTI_FAMILY - Madera, CA
Property Size1,200 SF
Lot Size0.14 Acres
Days on Market3012
Property Features for 363 E Rush Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family
Directions
From 99, exit Cleveland Avenue. Head east on Cleveland to D Street. South on D Street. Duplex is at the southwest corner of D Street and Rush.
Subdivision
California
Standard status
Pending
APN
003073007
Size
1,200 SF
Lot size
0.14 Acres
Building Details
Floors in Building
1
Listing Agency:
Century 21 M&M & Associates
Listed By:
Alexander E Salazar
(559) 232-5668
Added: Jun 2, 2018
Changed: Jul 14
Last Checked: Aug 30 at 3:06AM
MLS# 215555
Copyright © 2026 Kings County Board 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 on a corner lot offers two residential units with updated kitchens, indoor laundry rooms, and AC units. The property has a newer roof, newer windows, mature landscaping, and each unit includes yard space.
Located in Madera, the home is within close proximity to schools, shopping, and restaurants.
The duplex also includes a detached garage that can be used for parking or storage, supporting convenient day-to-day access for tenants.
Located in Madera, the home is within close proximity to schools, shopping, and restaurants.
The duplex also includes a detached garage that can be used for parking or storage, supporting convenient day-to-day access for tenants.
Key Highlights
- Duplex on a corner lot in Madera
- Newer roof and newer windows
- Each unit features updated kitchens, indoor laundry rooms, and AC units
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
$13,226
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
6.96%
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%
$264,520
$264.5K
Cap Rate 7%
$188,943
$188.9K
Cap Rate 9%
$146,956
$147.0K
Market Conditions
NOI Build-Up for 1,200 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
$20.4K $17.04/SF
− Vacancy
−$1.6K −$1.30/SF
EGI
$18.9K $15.74/SF
− OpEx
−$5.7K −$4.72/SF
NOI
$13.2K $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%
$264,520
Cap Rate 7%
$188,943
Cap Rate 9%
$146,956
Alternative Uses
Best Use
Multifamily LT 5
$188.9K
$165.3K – $220.4K
NOI $13,226 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$174.9K
$153.0K – $204.0K
NOI $12,241 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$464.4K
$406.4K – $541.8K
NOI $32,508 @ 7.0% cap · market cap 17.11%
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
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 93638, CA
51,106
Population
12,821
Households
4
Avg Household Size
29
Median Age
8%
College-Educated
56%
High-School Grad
90.3 sq mi
ZIP Area
566
Density / Sq Mi
$60,031
Median Household Income
$28,544
Median Earnings
$1,218
Median Rent
$291,500
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 - Duplex on a corner lot with updated kitchens, indoor laundry, AC, and a detached garage for parking or storage.
Where is this duplex located?
The property is located at 363 E Rush Street Madera, CA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Duplex on a corner lot in Madera; Newer roof and newer windows; Each unit features updated kitchens, indoor laundry rooms, and AC units
