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$575,000
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Property Description
Experience the perfect blend of investment potential and tenant appeal with this well-maintained multi-family property in the heart of Madera. Offering four thoughtfully designed units, each featuring two bedrooms and one bathroom, this income-generating asset is primed for long-term stability and financial growth. Private patios provide a welcoming outdoor retreat, while dedicated carport parking ensures convenience for residents. The on-site laundry facilities further enhance tenant satisfaction. One unit has been tastefully remodeled, adding value and increasing rent potential.
This fourplex is FHA-eligible, making it an ideal opportunity for owner-occupants seeking to leverage low down payment financing while benefiting from rental income. The property meets FHA guidelines for multi-unit residences and offers a promising avenue for both first-time buyers and seasoned investors alike.
Located near Madera High School, shopping centers, and essential amenities, this property enjoys strong rental demand and easy access to daily necessities. With reliable rental income, attractive financing options, and room for future appreciation, this investment opportunity is one to seize. Whether you're expanding your portfolio or searching for a property that combines homeownership with investment rewards, this four-unit complex delivers exceptional value in a thriving community.
Full Property Details
Full Property Details for 128 Park St
General
- Sold For: $575,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: FR25100516
- Added to Site: 268 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: MD637 - Madera 93637
- County: Madera
- Development Name: MD637 - Madera 93637
- Driving Directions: From Olive go south. The Complex is on the right on Park.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,952
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.15
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $194.78
- Price Per Unit: 160000
Listed by Universal Realty Services, Inc, Gautam Atri
Sold by Nonmember Mrml, General NONMEMBER
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Schools
Schools serving 128 Park St
School District:Madera Unified School District
| Name | Grades | Distance |
|---|---|---|
James Madison Elementary School 109 Stadium Road, Madera, CA 93637 | K-6 | 0.4 mi |
Thomas Jefferson Middle School 1407 Sunset Avenue, Madera, CA 93637 | 7-8 | 0.7 mi |
Madera High School 200 North L Street, Madera, CA 93637 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 128 Park St
Date
Details
Price
Change
Source
7/28/2025
Sold
$620,000
-3.12%
MLS
5/06/2025
Listed
$640,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
128 Park Street, Madera, CA 93637 (MLS# FR25100516) is a Multi-Family property that was sold at $575,000 on July 28, 2025. Want to learn more about 128 Park Street? Do you have questions about finding other Multi-Family real estate for sale in Madera? You can browse all Madera real estate or contact a Coldwell Banker agent to request more information.
