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Redwood City Townhouse Community

736 Madison Avenue, Redwood City, CA 94061

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For Sale

$3,300,000

Six-unit townhouse community in Redwood City, near downtown.

Type:Commercial

Property size:

8,404 SF

Lot size:

0.24 Acres

Price / SF:

$392/SF

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.
Private Garage Parking: Provides secure and convenient parking for residents.
Strong Investment Potential: Supported by strong local employment and low vacancy rates.
Pride‑of‑Ownership Community: A well‑maintained six‑unit townhouse complex.

We can help!

Listing Contact

ROBERT JOHNSTON

Learn more

For Sale

$3,300,000

Six-unit townhouse community in Redwood City, near downtown.

Type:Commercial

Property size:

8,404 SF

Lot size:

0.24 Acres

Price / SF:

$392/SF

Added:: Apr 2, 2026
Days on Market:: 74
Last Refresh:: Apr 2 at 8:09 pm

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

We can help!

Listing Contact

ROBERT JOHNSTON

Listing agent ROBERT JOHNSTON

Listing office MARCUS & MILLICHAP

Listing date Apr 2, 2026

Source Corcoran

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

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.
Private Garage Parking: Provides secure and convenient parking for residents.
Strong Investment Potential: Supported by strong local employment and low vacancy rates.
Pride‑of‑Ownership Community: A well‑maintained six‑unit townhouse complex.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $467,278 @ 7.0% cap · market cap 14.16%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Bonsai Garden Experts Landscaping Bonsai Garden Experts ... Landscaping

Suggested Use

Location Insight

Map
Local Demand

City: Redwood City
County: San Mateo
State: California
Longitude: -122.23533
Latitude: 37.477033

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For sale
Apartment buildings
CA
Redwood City
94061
736 Madison Avenue

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.