220 Madison Avenue, Redwood City, California 94061, Redwood City, 94061 - 0 bed, 0 bath
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Redwood City, California 94061
This Versatile Residential Income Triplex is listed at $2,098,000, representing a stable investment opportunity near its $2,048,100 Fair Market Value. The property holds a Good Condition Rating, featuring a renovated 4-bedroom main residence with a Granite Kitchen, Hardwood Floors, and new appliances. Complemented by two detached 1-bedroom units and a 4-Car Detached Garage, the asset provides significant utility in a prime Central Redwood City location near CalTrain and major transit. This is an ideal acquisition for Owner-Occupants seeking rental offsets or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 Madison Avenue Subject | $2,098,000* List Price | 0 | 0 | 3,732 | $549 | - |
A 217 Madison Avenue Active | $1,750,000 List Price | 0 | 0 | 3,783 | $463 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
This multi-family triplex property offers significant rental income opportunities with a main 4-bedroom house and two separate 1-bedroom apartments.
Located in a highly desirable Central Redwood City neighborhood, providing excellent access to downtown amenities, CalTrain, HWY 101, shopping, and schools.
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.
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.
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.
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.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,732 | 3,071 | 50% |
| Lot Size | 6,600 | 5,463 | 50% |
| Price | $2.10M | $1.71M | 50% |
| Price per sq ft | $562 | $554 | 50% |
| Built year | 1930 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1437 | 847 | 0% |
Sep 5, 2025
$2,098,000
Initial Listing
May 16, 2022
$2,200,000
Initial Listing