609-615 Moore St - Apartments FOR SALE


Madera, CA 93638
$2,388,000 USD
559-246-0000
609-615 Moore St, Madera, CA for Sale
$2,388,000 USD
Apartments - FOR SALE
1/12
null | 9.42% Cap Rate

609-615 Moore St
Madera, CA 93638


HIGHLIGHTS

  • 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
  • Larger unit mix positions the asset above typical workforce housing, widening the tenant pool
  • Strong in-place fundamentals with the ability to push NOI without major capital projects

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,388,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

16

PRICE/UNIT

$149,250

CAP RATE

9.42%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Tree Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,905 SF

ZONING

R, Madera

APN/PARCEL ID

011-062-009,011-062-010

ASK ABOUT THIS PROPERTY

Kirk AtamianReMax CommercialMore Info
559-246-0000

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Kirk AtamianReMax CommercialMore Info
559-246-0000

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