Redwood City Townhouse
736 Madison Avenue Redwood City, CA 94061
For Sale
$3,300,000
Six-unit townhouse community in Redwood City, near downtown.
Property Size8,404 SF
Lot Size0.24 Acres
Price / SF$392.67
Days on Market119
Property Features for 736 Madison Avenue
General Information
Standard status
Active
Size
8,404 SF
Lot size
0.24 Acres
Property subtype
Commercial
Building Details
Year Built
1964
Listing Agency:
MARCUS & MILLICHAP
Listed By:
ROBERT JOHNSTON
Source:
Corcoran
Added: Apr 2
Changed: Jul 10
Last Checked: Jul 29 at 3:34AM
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
Located in Redwood City, 736 Madison Ave is a six-unit townhouse community. Constructed in 1964, the property spans approximately 8,404 square feet on a 10,379 square foot lot. The property features two- and three-bedroom townhouse-style floor plans. Residents have access to private garage parking. The owner's unit includes a small backyard. The property is located minutes from downtown Redwood City, offering access to shopping, dining, and entertainment. The nearby Caltrain station provides commuting options throughout the Bay Area. Major highways, including 101 and 280, along with the San Mateo-Hayward and Dumbarton Bridges, are easily accessible from the location.
Key Highlights
- Prime Redwood City Location: Offering access to amenities and a sought‑after rental market.
- Convenient Commuting: Minutes from downtown Redwood City and the Caltrain station, with easy access to major highways (101 and 280) and bridges.
- Spacious Townhouse‑Style Units: Features two- and three‑bedroom floor plans within approximately 8,404 square feet.
Financial Insights For Apartment 5plus
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 | $438.7k | $52.20 |
| − Vacancy | −$22.8k | −$2.71 |
| EGI | $415.9k | $49.49 |
| − OpEx | −$187.1k | −$22.27 |
| NOI | $228.7k | $27.22 |
8,404 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.27M
$2.86M – $3.81M
NOI $228,732 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.68M
$5.84M – $7.79M
NOI $467,278 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit townhouse community in Redwood City, near downtown.
Where is this apartment building located?
The property is located at 736 Madison Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime Redwood City Location: Offering access to amenities and a sought‑after rental market.; Convenient Commuting: Minutes from downtown Redwood City and the Caltrain station, with easy access to major highways (101 and 280) and bridges.; Spacious Townhouse‑Style Units: Features two- and three‑bedroom floor plans within approximately 8,404 square feet.
