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220 Madison Avenue, Redwood City, California 94061, Redwood City, 94061 - bed, bath

220 Madison Avenue, Redwood City, California 94061 home-pic-0
ACTIVE UNDER CONTRACT$2,098,000
220 Madison Avenue, Redwood City, California 94061
0Bed
0Bath
3,732Sqft
6,600Lot
Year Built
1930
Close
-
List price
$2.1M
Original List price
$2.2M
Price/Sqft
$562
HOA
-
Days on market
102 Days
Sold On
2022-08-26
MLS number
ML81891931
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.10M(83th), sqft - 3732(83th), beds - undefined(50th), baths - undefined(50th).

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!

Price History

Date
Event
Price
09/05/25
Price Change
$2,098,000
05/16/22
Listing
$2,200,000
Condition Rating
Good
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.
Pros & Cons

Pros

Income-Generating Potential: This multi-family triplex property offers significant rental income opportunities with a main 4-bedroom house and two separate 1-bedroom apartments.
Prime Location & Accessibility: Located in a highly desirable Central Redwood City neighborhood, providing excellent access to downtown amenities, CalTrain, HWY 101, shopping, and schools.
Updated Main Residence: 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.
Flexible Living Arrangements: The property's configuration allows for versatile use, such as owner-occupancy with supplemental rental income or as a full investment property.
Ample Parking & Storage: Includes a 4-car detached garage and individual 1-car attached garages for each apartment, a valuable asset in an urban setting.

Cons

Property Age: 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.
Seller Motivation & Price Adjustment: 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.
Unspecified Condition of Rental Units: 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.

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