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217 Madison AvenueRedwood City, CA 94061

For Sale

$2,100,000

Smart Buyer Rebate $21,000

Large and Prestigious 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 3 Garages plus extra storage space, Coin Laundry Room, Two 2 Bedroom apartments Plus a Spacious 4 Bedroom 3 Bathroom ground floor Unit big enough for extended family and friends- The large ground floor unit Produces 2 Rent payments and the upstairs Two 2 Bedroom Units Produces 2 more Rent payments! A Very Good annual gross income.. And there is Solar on the Roof; Save$ Big Time! Here you can have good income and a place you may arrange to stay, if needed. A Great first Investment!

Listed by Karl Dresden

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License #00525686

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Terrace Associates

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650-274-8155

Last updated August 29, 2025

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Source: MLSListings #ML82013379

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Redwood City
  • Days on Prevu14
  • Taxes$11,594/year
  • Size3,783 sqft
  • Price per sqft$555

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

08/27/2025
Listed by Terrace Associates
$2,100,000

Property Details for 217 Madison Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Rolled/Hot Mop
  • 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: 4.46
  • 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

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.