Eight-Unit Multifamily
816 Sherwood Way Madera, CA 93638
816 Sherwood Way, Madera, CA, 93638
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For Sale
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Two identical fourplex buildings offer eight total units, including 3-bedroom and 2-bedroom townhome-style configurations.
Property Size8,290 SF
Price / SF$174.90
Days on Market113
Property Features for 816 Sherwood Way
General Information
- Standard status
- Active
- Size
- 8,290 SF
- Property subtype
- Multifamily
Listing agency
Colliers - Fresno, California
Listed by
Jeff Kim · License #CA 01456017
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 10:33PM Checked: Jul 21 at 10:33PM
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 Colliers - Fresno, California
Investment Insights
Based on property information with market context.
This offering features two separate, identical fourplex buildings totaling eight multifamily units. Each building includes two 3-bedroom, 2-bathroom flats and two 2-bedroom, 1.5-bathroom townhome-style units, creating a mix of floorplans designed to appeal to multiple renter preferences.
The property is located at 816–820 Sherwood Way in Madera, California.
As a combined eight-unit multifamily asset, the layout supports consistent building structure across both fourplexes, with the same unit mix in each building.
The property is located at 816–820 Sherwood Way in Madera, California.
As a combined eight-unit multifamily asset, the layout supports consistent building structure across both fourplexes, with the same unit mix in each building.
Key Highlights
- Two identical fourplex buildings (816–820 Sherwood Way) totaling 8 units
- Units include two 3‑bedroom, 2‑bathroom flats per fourplex
- Each fourplex also includes two 2‑bedroom, 1.5‑bathroom townhome‑style units
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 | $141.3k | $17.04 |
| − Vacancy | −$10.7k | −$1.30 |
| EGI | $130.5k | $15.74 |
| − OpEx | −$39.2k | −$4.72 |
| NOI | $91.4k | $11.02 |
8,290 SF · lease $17.04/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,368 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,566 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,573 @ 7.0% cap · market cap 15.49%
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 - Two identical fourplex buildings offer eight total units, including 3-bedroom and 2-bedroom townhome-style configurations.
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 $1,449,900.
What are key features of this property?
This property features: Two identical fourplex buildings (816–820 Sherwood Way) totaling 8 units; Units include two 3‑bedroom, 2‑bathroom flats per fourplex; Each fourplex also includes two 2‑bedroom, 1.5‑bathroom townhome‑style units
