Great investment opportunity. Low-maintenance 4-plex with two one-level buildings on a large 11,900+ square foot lot. Annual Gross Income $106,560.00. All units have two bedrooms, one full bath, and laundry hook-up with yards/patios.
Walking distance to markets, restaurants/deli, parks, and schools in established Sherwood neighborhood. All leases are month-to-month, conventional residential financing for 4-plex or cash or maybe your 1031 Exchange clients.
For sale
$1,550,000
75 S Madeira Ave, Salinas, CA 93905
--beds
--baths
3,136sqft
Est.:
Quadruplex,
Built in 1964
-- sqft lot
$1,481,700 Zestimate®
$494/sqft
$-- HOA
What's special
Two one-level buildingsTwo bedroomsLaundry hook-up
- 104 days
- on Zillow |
- 322 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 07:24pm
Listed by:
Debra Ann Demos 01104266 831-818-9137,
eXp Realty of California Inc
Source: MLSListings Inc,MLS#: ML81995311

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Hookups Only
Features
- Doors: None
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
Property
Parking
- Total spaces: 8
- Parking features: Common
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 1
Lot
- Size: 0.27 Acres
- Features: Level
Details
- Parcel number: 003031031000
- Zoning: 4 plex
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex,
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 1964
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Gas Meters
Community & HOA
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $494/sqft
- Tax assessed value: $743,676
- Annual tax amount: $8,714
- Date on market: 2/25/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
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