Class B Fourplex with
816 Sherwood Way Madera, CA 93638
816 Sherwood Way, Madera, CA, 93638
$725,000
For Sale
$725,000
Four residential units include dedicated single-car garages and an on-site laundry room, with RUBS utility billing.
Property Size4,204 SF
Price / SF$172.45
Days on Market96
Property Features for 816 Sherwood Way
General Information
- Standard status
- Active
- Size
- 4,204 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1986
Listing agency
The JKRE Investment Group
(760) 987-5332
Listed by
Jin Kim · License #01456017
(760) 987-5332
Source
Exitrealty
Added: Apr 17 Updated: Jul 20 at 5:29PM Checked: Jul 21 at 5:02AM
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 The JKRE Investment Group
Investment Insights
Based on property information with market context.
This Class B fourplex at 816 Sherwood Way includes four townhome-style and flat units: two 3-bedroom/2-bathroom flats and two 2-bedroom/1.5-bathroom units. Each unit has a dedicated single-car garage, and the property also features an on-site laundry room that generates additional income.
Tenants are billed back for water, sewer, and disposal through a RUBS charge. The property is currently operating with rents below market, and an SB 721 elevated elements inspection was completed on 5/13/2025, with the report available in the due diligence folder.
The seller is offering this property in conjunction with the adjacent 820 Sherwood Way, which is also listed on MLS, and both properties are expected to close concurrently.
Tenants are billed back for water, sewer, and disposal through a RUBS charge. The property is currently operating with rents below market, and an SB 721 elevated elements inspection was completed on 5/13/2025, with the report available in the due diligence folder.
The seller is offering this property in conjunction with the adjacent 820 Sherwood Way, which is also listed on MLS, and both properties are expected to close concurrently.
Key Highlights
- Class B fourplex built in 1986 with two 3BD/2BA flats and two 2BD/1.5BA townhome‑style units
- Each unit includes a dedicated single‑car garage
- On‑site laundry room provides additional income
Local 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 | $71.6k | $17.04 |
| − Vacancy | −$5.4k | −$1.30 |
| EGI | $66.2k | $15.74 |
| − OpEx | −$19.9k | −$4.72 |
| NOI | $46.3k | $11.02 |
4,204 SF · lease $17.04/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$661.9K
$579.2K – $772.2K
NOI $46,334 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$612.6K
$536.1K – $714.8K
NOI $42,885 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,885 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units include dedicated single-car garages and an on-site laundry room, with RUBS utility billing.
Where is this quadplex located?
The property is located at 816 Sherwood Way Madera, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Class B fourplex built in 1986 with two 3BD/2BA flats and two 2BD/1.5BA townhome‑style units; Each unit includes a dedicated single‑car garage; On‑site laundry room provides additional income
