Prevu by reAlpha
BuySellBlogBrowse Listings
placeholder
California>Redwood City>Central Redwood City

217 Madison AvenueRedwood City, CA 94061

For Sale

$1,888,000

Smart Buyer Rebate $18,880

Great Starter Investment! Multi Unit Residential Building in very Convenient Location. Walk to Whole Foods, Starbucks and Redwood City Downtown entertainment, Shops and Restaurants, Bus and Train Station nearby. Value of Two 2 Bedroom apartments plus a Spacious 4 Bedroom 3 Bathroom ground floor Unit big enough for extended family and friends. Convenience of 3 Garages plus extra storage space and Coin Laundry Room. The large ground floor unit Produces 2 Rent payments and the upstairs Two 2 Bedroom Units Produces 2 more Rent payments! Excellent annual gross income.. And there is Solar on the Roof Save$! Great Income! And Price Just Reduced! (What can be better than retirement income and a place to live in future?)

Listed by Karl Dresden

·

License #00525686

·

Terrace Associates

·

650-274-8155

Last updated November 20, 2025

·

Source: MLSListings #ML82013379

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Redwood City
  • Days on Prevu110
  • Taxes$11,594/year
  • Size3,783 sqft
  • Price per sqft$499

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

10/31/2025
Status changed to Active
$1,888,000
10/23/2025
Status changed to Removed from Feed
$1,888,000
10/16/2025
Price Decreased
$1,888,000
10/04/2025
Price Decreased
$1,903,000
08/27/2025
Listed by Terrace Associates
$2,100,000

Property Details for 217 Madison Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Polyurethane
  • Stories: 2
  • Year Built: 1969
  • Year Built Details: 2
  • Architectural Style: French

Features

  • View: City

Measurements

  • Building Area Total: 3,783
  • Lot Size Acres: 0.11
  • Lot Size Area: 5,200
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,200
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.96
  • Gross Income: $126,783.00
  • Operating Expense Includes: Insurance

Taxes

  • Parcel Number: 053-062-090
  • Tax Annual Amount: $11,594.00

Interior

Features

  • Appliances: Exhaust Fan, Oven - Electric, Oven Range, Refrigerator, Washer/Dryer

Measurements

  • Living Area: 3,783

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 3
  • Garage: Yes
  • Parking Features: Detached, Gate/Door Opener

Schools

Elementary School

  • Elementary School District: Redwood City Elementary

High School

  • High School District: Sequoia Union High

Utilities

Equipment

  • Heating: Gas, Other
  • Laundry Features: Coin Operated
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public, Individual Electric Meters, Individual Gas Meters, Solar
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 217 Madison Avenue.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 217 Madison Avenue.

What are the annual taxes for 217 Madison Avenue?

Annual taxes for this multi-family home are estimated at $11,594.

How does 217 Madison Avenue compare to other multi-family homes in Central Redwood City?

This multi-family home is listed 2% above the average price for multi-family homes in Central Redwood City and has been on the market for 76 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,783 sqft.

217 Madison Avenue is a -bedroom multi-family home for sale in Redwood City CA 94061. On Prevu for 110 days at $1,888,000. This includes a recent price decrease of $15,000. This property features 3,783 square feet of living space, located in Central Redwood City. The median listing price for multi-family homes in this area is $1,875,000. The home offers pets allowed and parking. View other multi-family home listings in Redwood City.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.