About 146 Madison Avenue
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 current insurance requirements, new catwalk, new exterior paint, new drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents.
Features of 146 Madison Avenue
| MLS® # | ML82016541 |
|---|---|
| Price | $3,100,000 |
| Square Footage | 5,944 |
| Acres | 0.16 |
| Year Built | 1958 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | Other |
| Status | Pending |
Community Information
| Address | 146 Madison Avenue |
|---|---|
| City | Redwood City |
| County | San Mateo |
| State | CA |
| Zip Code | 94061 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Cooling | None |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|
Additional Information
| Date Listed | July 31st, 2025 |
|---|---|
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Matthew Thomson |
|---|---|
| Office | Compass |