Triplex with Owner
For Sale
$495,000
409 N D Street, Madera, CA 93638
Three-unit residential property with a larger front residence and two separate rear apartments.
Property Size1,561 SF
Price / SF$317.10
Days on Market59
Property Features for 409 N D Street
General Information
Standard status
Active
Size
1,561 SF
Property subtype
Residential Income
Listing Agency:
Valley Oak Realty
Listed By:
David E Borchardt · License #00881001
(559) 287-9985
Source:
Exprealty
Added: Aug 22
Changed: Oct 1
Last Checked: Oct 16 at 11:35AM
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 Valley Oak Realty
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Investment Insights
Based on property information with market context.
This triplex includes a front residence with four bedrooms and 1.5 bathrooms, along with two rear apartments. Each rear unit contains two bedrooms and one bathroom. The owner currently occupies the front residence, while the rear units are tenant-occupied.
The property is located at 409 N D Street in Madera, California. Water service is paid by the owner, and the tenants cover their own PGE expenses. The sale is offered in as-is condition, with no repairs to be completed by the seller. FHA financing is not accepted; cash or conventional financing is required.
The property is located at 409 N D Street in Madera, California. Water service is paid by the owner, and the tenants cover their own PGE expenses. The sale is offered in as-is condition, with no repairs to be completed by the seller. FHA financing is not accepted; cash or conventional financing is required.
Key Highlights
- Three‑unit configuration with one front residence and two rear apartments
- Front home offers 4 bedrooms and 1.5 bathrooms
- Each rear apartment includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,205
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,100
$344.1K
Cap Rate 7%
$245,786
$245.8K
Cap Rate 9%
$191,167
$191.2K
Market Conditions
NOI Build-Up for 1,561 SF
Gross rent
$26.6K $17.04/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$24.6K $15.74/SF
− OpEx
−$7.4K −$4.72/SF
NOI
$17.2K $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 Rate 5%
$344,100
Cap Rate 7%
$245,786
Cap Rate 9%
$191,167
Alternative Uses
Best Use
Multifamily LT 5
$245.8K
$215.1K – $286.8K
NOI $17,205 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$227.5K
$199.1K – $265.4K
NOI $15,924 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,287 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,127
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a larger front residence and two separate rear apartments.
Where is this triplex located?
The property is located at 409 N D Street Madera, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three‑unit configuration with one front residence and two rear apartments; Front home offers 4 bedrooms and 1.5 bathrooms; Each rear apartment includes 2 bedrooms and 1 bathroom
