Duplex with Separate
For Sale
$2,250,000
911 Madison Avenue, Redwood City, CA 94061
Two homes offer three-bedroom and two-bedroom layouts, with a dedicated garage for each residence.
Property Size3,730 SF
Lot Size0.28 Acres
Price / SF$603.22
Days on Market11
Property Features for 911 Madison Avenue
General Information
Standard status
Active
Size
3,730 SF
Total Parking Spaces
3
Lot size
0.28 Acres
Property subtype
Residential Income
Zoning
R20000
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,299
Building Details
Building Size
3,730 SF
Year Built
1975
Buildings
2
Stories
1
Listing Agency:
Casas Real Estate
Listed By:
Scott Casas
(650) 823-6077
Source:
Landcorerealty
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 4:06AM
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 Casas Real Estate
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Investment Insights
Based on property information with market context.
At 909 and 911 Madison Avenue, this duplex comprises two homes without shared walls on a 0.28-acre property. The 909 residence has 2,280 square feet, three bedrooms, two bathrooms, and a two-car garage. The 911 home provides 1,157 square feet, two bedrooms, one and a half bathrooms, and a one-car garage. Built in 1975, the property is zoned R20000. Improvements at 911 include newer interior paint, lighting, and flooring; 909 features hardwood floors, an updated interior, and a landscaped backyard.
The property is minutes from downtown Redwood City, Caltrain, Stanford University, shopping, dining, and Red Morton Park. The park includes sports fields, tennis courts, playgrounds, a recreation center, and open space. The two residences have separate garages and distinct bedroom and bathroom configurations.
The property is minutes from downtown Redwood City, Caltrain, Stanford University, shopping, dining, and Red Morton Park. The park includes sports fields, tennis courts, playgrounds, a recreation center, and open space. The two residences have separate garages and distinct bedroom and bathroom configurations.
Key Highlights
- Two homes with no shared walls on 0.28 acres
- 909 Madison: 2,280 square feet, 3 bedrooms, 2 bathrooms, and a two‑car garage
- 911 Madison: 1,157 square feet, 2 bedrooms, 1.5 bathrooms, and a one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,393
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,167,860
$2.2M
Cap Rate 7%
$1,548,471
$1.5M
Cap Rate 9%
$1,204,367
$1.2M
Market Conditions
NOI Build-Up for 3,730 SF
Gross rent
$165.6K $44.40/SF
− Vacancy
−$10.8K −$2.89/SF
EGI
$154.8K $41.51/SF
− OpEx
−$46.5K −$12.45/SF
NOI
$108.4K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,167,860
Cap Rate 7%
$1,548,471
Cap Rate 9%
$1,204,367
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.35M – $1.81M
NOI $108,393 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,520 @ 7.0% cap · market cap 4.51%
Theoretical Best
Warehouse
$2.96M
$2.59M – $3.46M
NOI $207,395 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
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Business Placement
Demographics for 94061, CA
36,704
Population
14,122
Households
2.6
Avg Household Size
38
Median Age
51%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
9,411
Density / Sq Mi
$141,599
Median Household Income
$66,388
Median Earnings
$2,818
Median Rent
$1,938,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two homes offer three-bedroom and two-bedroom layouts, with a dedicated garage for each residence.
Where is this duplex located?
The property is located at 911 Madison Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two homes with no shared walls on 0.28 acres; 909 Madison: 2,280 square feet, 3 bedrooms, 2 bathrooms, and a two‑car garage; 911 Madison: 1,157 square feet, 2 bedrooms, 1.5 bathrooms, and a one‑car garage
