808 Green Way - Apartments FOR SALE


Madera, CA 93638
$749,900 USD
760-987-5332
808 Green Way, Madera, CA for Sale
$749,900 USD
Apartments - FOR SALE
1/11
null | 5.35% Cap Rate

808 Green Way
Madera, CA 93638


HIGHLIGHTS

  • Four-unit multifamily investment opportunity in Madera.
  • No unit is located directly above or below another residence.
  • Each residence includes an attached single-car garage.
  • Separately metered gas and electricity for all units.
  • On-site laundry facility provides additional income potential.
  • Water and sewer costs are recovered through a RUBS program.

OVERVIEW

808 Green Way presents the opportunity to acquire a four-unit multifamily asset in Madera, California. The property offers a distinctive residential configuration that differentiates it from many traditional fourplex properties, with no unit positioned directly above or below another. This layout provides enhanced privacy for residents and supports long-term tenant retention. The unit mix includes two townhome-style residences featuring two bedrooms and one and one-half bathrooms, along with two larger flat-style residences offering three bedrooms and two bathrooms. Each residence benefits from an attached single-car garage with private exterior access, providing covered parking and additional storage. Residents also have access to an on-site laundry facility that creates an additional income stream for ownership. Operational efficiencies are supported by separately metered gas and electric service for each unit, reducing direct utility responsibility for ownership. Water and sewer expenses are recovered through a ratio utility billing system, providing an opportunity to offset operating costs. The property is currently generating rental income with additional upside through lease-up and income optimization opportunities. Located in Madera, the property benefits from convenient access to State Route 99, connecting the community with Fresno and other major Central California markets. Madera serves as the county seat and is supported by a diverse employment base including education, healthcare, government services, agriculture, food processing, and distribution industries. The area's growing population, significant renter presence, and regional connectivity contribute to sustained multifamily housing demand, positioning the asset as a compelling investment opportunity for buyers seeking stable income with future growth potential.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$178 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,475

CAP RATE

5.35%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

004120028000

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

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