146 Madison Ave - Apartments FOR SALE


Redwood City, CA 94061- Roosevelt
$3,100,000 USD
650-274-5227
146 Madison Ave, Redwood City, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

146 Madison Ave
Redwood City, CA 94061
Roosevelt


HIGHLIGHTS

  • True Turnkey Apartment Building in Excellent Redwood City Location
  • Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units
  • Four of the Seven Units are Renovated
  • Several Recent Capital Improvements Including New Roof, Upgraded Electrical Meeting Insurance Requirements, New Catwalk, New Exterior Paint, New Drain
  • Zero Deferred Maintenance
  • One of the Strongest Rental Submarkets on the Peninsula Led by a High Class Tenant Profile Paying Premium Rents

OVERVIEW

146 Madison Avenue – Rare Multi-Family Opportunity in Prime Redwood City. Open Tour 10am - 1pm on 08/12/25 Ideal for Investors or 1031 Exchange Buyers This well-maintained 7 units apartment building offers a rare opportunity to acquire a stabilized asset in a high-demand rental market. Located in the heart of Redwood City, 146 Madison Avenue combines strong current income with long-term upside potential, making it a compelling opportunity for investors seeking stable returns in one of the Peninsula’s most dynamic submarkets. The property is just a short walk to downtown Redwood City and all the nightlife, dining, and entertainment it has to offer. Residents enjoy easy access to mass transit, Whole Foods, Safeway, Starbucks, and a variety of local markets and restaurants—all just a few blocks away. The nearby Red Morton Community Park features running trails, tennis courts, a skate park, and more. Several major employers are also in close proximity, supporting strong ongoing rental demand.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$522 USD /SF

# OF UNITS

7

PRICE/UNIT

$442,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

R-4

APN/PARCEL ID

053-063-150

ASK ABOUT THIS PROPERTY

Bryan DanforthCompass CommercialMore Info
650-274-5227

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Bryan DanforthCompass CommercialMore Info
650-274-5227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.