227 Madrone St, Redwood City, CA 94061 — Sale in Redwood City, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Redwood City, CA 94061

Photos

227 Madrone St, Redwood City, CA 94061 — Sale in Redwood City, CA, photo 1 of 2
227 Madrone St, Redwood City, CA 94061 — Sale in Redwood City, CA, photo 2 of 2

Investment Figures

Cap rate
4.64%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

227 Madrone St is a stunning 3-unit apartment community with one single-family home located in the thriving city of Redwood City, California. Situated on a 7,500 square foot parcel of land, the subject property was originally constructed in 1950 and has a gross building area of approximately 4,268 square feet, offering its tenants beautifully designed three-bedroom and two-bedroom floor plans. 227 Madrone St has undergone significant capital improvements and updates in the past few years, including extensive interior renovations featuring updated kitchens, stainless steel appliances, renovated bathrooms, in-unit washers and dryers, and an updated electrical system. The subject property is located within walking distance to lively Downtown Redwood City, which offers tenants a myriad of high-end shopping, dining, and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet service, is also within walking distance and provides an inexpensive, hassle-free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, tenants enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge, and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the San Francisco Bay Area, 227 Madrone St presents an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options. Investment Highlights: • Exceptional Redwood City Investment Opportunity • Desirable Unit Mix • Extensive Interior Capital Expenditures • Prime Redwood City Location

Market Context

This multifamily in Redwood City, CA is listed for sale. It is offered at an approximate 4.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Redwood City, CA — view the full market.

As of Q4 2025, the San Francisco Peninsula multifamily market showed a 4.6% vacancy rate, average asking rents near $3300.00/unit/mo, rents up 5.9% year over year, and cap rates around 4.5%. Source: Matthews Q4 2025 market report.

Its 4.6% asking cap rate is in line with the San Francisco Peninsula multifamily market average of about 4.5%. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Francisco Peninsula?
About 4.5% as of Q4 2025, per Matthews.
Is the San Francisco Peninsula multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2025).

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