220 Madison Avenue, Redwood City, California 94061, Redwood City, 94061 - bed, bath
220 Madison Avenue
Redwood City, California 94061
Property Price
SUMMARY
Analysis of 220 Madison Avenue, Redwood City, California 94061 is currently available with a list price of $2,098,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Redwood City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1930, the property is in 'Good' condition due to significant updates to the main house, including a remodeled kitchen with granite countertops and new appliances, updated bathrooms, new carpet, hardwood floors, and dual-pane windows. These renovations appear to be relatively recent, making the primary dwelling move-in ready. While the two back apartment units show less modern finishes (e.g., the kitchen in Image 9), they appear functional and well-maintained, not requiring immediate major repairs. The presence of solar panels also indicates some system updates. The property as a whole is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Potential
This multi-family triplex property offers significant rental income opportunities with a main 4-bedroom house and two separate 1-bedroom apartments.
- Prime Location & Accessibility
Located in a highly desirable Central Redwood City neighborhood, providing excellent access to downtown amenities, CalTrain, HWY 101, shopping, and schools.
- Updated Main Residence
The front house features recent upgrades including fresh paint, hardwood floors, dual-pane windows, a remodeled kitchen with granite countertops and new appliances, and updated bathrooms.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1930, the property may have underlying structural or system-related issues typical of older homes that are not explicitly mentioned, potentially requiring future maintenance.
- Seller Motivation & Price Adjustment
The 'motivated seller' status and recent price reduction (from $2.2M to $2.098M) could indicate a longer market time or a need for a quick sale, which might suggest a perceived challenge or competitive market position.
- Unspecified Condition of Rental Units
While the main house is updated, the description provides less detail on the current condition and recent upgrades of the two 1-bedroom apartments, which may require further investment to maximize rental value.
About 220 Madison Avenue
Motivated seller ready to receive offers - Amazing Investment Opportunity in Redwood City near to downtown, in the highly desirable Central neighborhood. Easy access to restaurants, shopping, transportation, CalTrain, HWY 101 and schools. This Multi-family property offers a total of 6 bedrooms, 4 bathrooms, built in 1930 with 3,732 square feet. Front house is a 4 bedroom and 2-bathroom single family home and in the back are two 1-bedroom apartments over 4 car detached garage. Front home is freshly painted, beautiful front porch, large living room with hardwood floors, fireplace, dual pane windows, dining room, remodeled kitchen with granite countertops, new electric cooktop, and dishwasher, 4 bedrooms with new carpet, 2 updated bathrooms, and a charming back porch. Detached apartment in the back has two units, both 1 bedroom, 1 bath, and 1 car attached garage for each, must see!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1930
- Lot Size
- 6,600 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,732 | 2,285 | 75% |
| Lot Size | 6,600 | 4,888 | 75% |
| Price | $2.10M | $1.43M | 75% |
| Price per sq ft | $562 | $628 | 50% |
| Built year | 1930 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1391 | 241 | 0% |
Pricing History
Listed for Sale
Sep 5, 2025
$2,098,000
Initial Listing
Price Change
May 16, 2022
$2,200,000
Initial Listing