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Sold on 03/14/2024
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1435 Madison Ct, Merced, CA 95348

$525,000

Last sold 03/14/2024 for $468K

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    bed

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    bath

Multi-family not for sale
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About 1435 Madison Ct

Property type Multi-family
Neighborhood
Year built 1990
HOA fee $0/month
Lot size 6,930 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
OPPORTUNITY KNOCKS!! Current rent is $3304.00 (will be $3473 beginning April 1, 2024; no foolin'). This is a great opportunity to add to your real estate portfolio or to start one... Or live in one unit and rent the other as your primary residence. This is another way to invest in your future. There is never a problem keeping them rented. One side is a 3 bedroom, 2 bath and the other is a 2 bedroom, 2 bath. They both have 2 car attached garages and a back yard. One of the units was recently renovated. They are in close proximity to 2 major shopping centers, including Food Maxx and Food 4 Less. Don't miss this opportunity!
Listed by
Listing Agent - Jeff Lawry
Listing Agent Contact: 209-261-8969
Listing Office - London Properties Ltd - Merced
Source: CRMLS mls logo
MLS#MC24026749 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Duplex
Status Closed
Lot Size (Acres) 0.1591
Lot Size (SqFt) 6930
Year Built 1990
Condition Updated/Remodeled
Interior
Laundry In Garage
Exterior
Building Area Square Feet, 2200
Roof Composition
Parking Garage Faces Rear
# Parking Spaces 4
# Garage Spaces 4
Lot Description Lot 6500-9999
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View Neighborhood
County Merced
Community Features Suburban
Zoning P-D
Directions From Olive Ave To Madison Ct
APN 58181022000
Multifamily Details
Operating Expense 5138
Cap Rate 6
Expense: Insurance 865
Total Expenses 3145
Expense: Water/ Sewer 2280
Gross Income 39648
Gross Scheduled Income 39648
$525K
Range: $441K-$609K
Last 30 days 
Rental est.: $1,164/month
Gross rent multiplier: 33.5
  • Mar 2024
    mls logo MLS # MC24026749
  • Mar 15, 2024 Sold
    $468,000
  • Mar 8, 2024 Pending
    —
  • Feb 15, 2024 Active
    —
  • Feb 12, 2024 Listed
    —
  • Feb 12, 2024 Active
    —
  • Feb 7, 2024 Listed
    $452,000
  • Mar 2024
    Public Records
  • Mar 14, 2024 Sold
    $468,000 (+3.5%)
  • Year Property taxes Tax assessment
  • 2024
    $2,021 +1.4%
    $478,560 +154.76%
  • 2023
    $1,993 +1.4%
    $187,850 +2.0%
  • 2022
    $1,966 +0.2%
    $184,174 +2.0%
  • 2021
    $1,962 -0.7%
    $180,570 +3.05%
  • 2020
    $1,977 +1.5%
    $175,225
  • 2019
    $1,947 +9.7%
    $175,225 +2.0%
  • 2018
    $1,776
    $171,796
  • 1435 Madison Ct
    $468K
  • North Merced
    $450K +7% y/y
  • 95348
    $446K -1% y/y
  • Merced
    $431K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Merced High School
public Grades 9-12
Merced Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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