Four-Unit Apartment
For Sale
$725,000
820 Sherwood Way, Madera, CA 93638
Four residential units offer varied layouts, dedicated garages, and on-site laundry facilities.
Property Size4,204 SF
Price / SF$172.45
Days on Market181
Property Features for 820 Sherwood Way
General Information
Standard status
Active
Size
4,204 SF
Class
Class B
Total Parking Spaces
4
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/1.5BA
Multifamily Units
4
Amenities
on-site laundry room
Building Details
Year Built
1992
Listing Agency:
The JKRE Investment Group
(559) 212-4489
Listed By:
Jin Kim · License #01456017
(760) 987-5332
Source:
Exitrealty
Added: Apr 17
Changed: Sep 2
Last Checked: Sep 15 at 5:23AM
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 4,204-square-foot quadplex, built in 1992, contains four residential units arranged as two 3-bedroom/2-bathroom flats and two 2-bedroom/1.5-bathroom townhome-style residences. Every unit has its own single-car garage, while a shared laundry room provides an additional on-site amenity. The property uses a RUBS structure to bill tenants for water, sewer, and disposal services.
Located in Madera, the property also has a completed SB 721 elevated elements inspection dated 5/13/2025. The inspection identified no immediate repairs as necessary, and the report is available in the due diligence materials.
Located in Madera, the property also has a completed SB 721 elevated elements inspection dated 5/13/2025. The inspection identified no immediate repairs as necessary, and the report is available in the due diligence materials.
Key Highlights
- 4,204‑square‑foot quadplex built in 1992
- Unit mix includes two 3‑bedroom/2‑bathroom flats and two 2‑bedroom/1.5‑bathroom townhome‑style units
- Each unit includes a dedicated single‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,334
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,680
$926.7K
Cap Rate 7%
$661,914
$661.9K
Cap Rate 9%
$514,822
$514.8K
Market Conditions
NOI Build-Up for 4,204 SF
Gross rent
$71.6K $17.04/SF
− Vacancy
−$5.4K −$1.30/SF
EGI
$66.2K $15.74/SF
− OpEx
−$19.9K −$4.72/SF
NOI
$46.3K $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%
$926,680
Cap Rate 7%
$661,914
Cap Rate 9%
$514,822
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 authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
208
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer varied layouts, dedicated garages, and on-site laundry facilities.
Where is this quadplex located?
The property is located at 820 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: 4,204‑square‑foot quadplex built in 1992; Unit mix includes two 3‑bedroom/2‑bathroom flats and two 2‑bedroom/1.5‑bathroom townhome‑style units; Each unit includes a dedicated single‑car garage
