- For Sale $2,388,000
- Property Type Multi-Family
- Property Size 11,440 SF
- Units 16
- Lot Size 0.55 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1986
- Year Renovated 2026
- Date Updated Jun 9, 2026
Description
The subject property is located in the city of Madera in Central California. It is located in a residential area and is approximately 0.5 miles south of East Yosemite Ave, a commercial avenue in Madera that contains grocery stores and restaurants.Well-maintained 16-unit property with a solid unit mix of 8 one-bedroom units and 8 three-bedroom units. Built in 1986, with 7 units remodeled in 2025. Located on a quiet, primarily residential block. The property features open garage parking, on-site laundry for added income, and is walking distance to shopping and schools. Two units are currently vacant due to remodel, giving a new owner immediate rent-up upside. A clean, turnkey investment with stable income and built-in value-add potential.
Highlights
- Desirable residential setting that supports stable tenancy and reduced turnover
- Immediate value-add upside through interior rent growth as remaining units are brought to market standard
- Larger unit mix positions the asset above typical workforce housing, widening the tenant pool
- Operational efficiencies from centralized utilities and on-site amenities improve long-term margins
- Scarcity asset in a submarket with limited new multifamily development, supporting rent resilience
- Strong in-place fundamentals with the ability to push NOI without major capital projects
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Contacts
Kirk Atamian
Re/Max Success - Kirk Atamian
Location
Located at 615 Moore St, Madera, CA 93638, this property is part of the Downtown Madera neighborhood and Central Valley market.
Contact Listing Broker
Kirk Atamian
Re/Max Success - Kirk Atamian